Cedar Hill Associates LLC Buys Shares of 980 General Dynamics Corporation (GD)

Cedar Hill Associates LLC bought a new position in General Dynamics Corporation (NYSE:GD) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 980 shares of the aerospace company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. WFG Advisors LP increased its stake in General Dynamics by 0.3% in the 2nd quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock valued at $132,000 after buying an additional 2 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in General Dynamics by 0.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 992 shares of the aerospace company’s stock valued at $198,000 after buying an additional 5 shares during the last quarter. Connecticut Wealth Management LLC increased its stake in General Dynamics by 0.6% in the 2nd quarter. Connecticut Wealth Management LLC now owns 2,086 shares of the aerospace company’s stock valued at $419,000 after buying an additional 12 shares during the last quarter. Pathstone Family Office LLC increased its stake in General Dynamics by 100.0% in the 2nd quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock valued at $4,754,000 after buying an additional 12 shares during the last quarter. Finally, Comerica Securities Inc. increased its stake in General Dynamics by 0.6% in the 2nd quarter. Comerica Securities Inc. now owns 2,350 shares of the aerospace company’s stock valued at $465,000 after buying an additional 15 shares during the last quarter. Institutional investors own 86.87% of the company’s stock.

Several equities research analysts have commented on the stock. Cowen reiterated a “buy” rating and issued a $230.00 price objective on shares of General Dynamics in a research note on Thursday, October 26th. ValuEngine downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 target price for the company in a research report on Thursday, October 26th. Credit Suisse Group reissued an “outperform” rating and set a $238.00 target price (up from $216.00) on shares of General Dynamics in a research report on Thursday, October 26th. Finally, Citigroup reissued a “neutral” rating and set a $215.00 target price (up from $210.00) on shares of General Dynamics in a research report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $218.24.

In related news, VP Gregory S. Gallopoulos sold 78,370 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $202.93, for a total value of $15,903,624.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Patrick Casey sold 34,945 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the completion of the transaction, the insider now directly owns 144,378 shares of the company’s stock, valued at $29,074,841.64. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by company insiders.

General Dynamics Corporation (NYSE GD) traded down $1.43 during trading on Tuesday, hitting $199.64. 804,100 shares of the stock were exchanged, compared to its average volume of 1,149,249. General Dynamics Corporation has a 1 year low of $168.00 and a 1 year high of $214.81. The company has a market cap of $60,036.07, a P/E ratio of 19.97, a P/E/G ratio of 2.41 and a beta of 0.72. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.34.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.09. The firm had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.94 billion. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.36 EPS. research analysts expect that General Dynamics Corporation will post 9.81 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 1.68%. The ex-dividend date is Thursday, January 18th. General Dynamics’s dividend payout ratio (DPR) is presently 33.50%.

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General Dynamics Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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