General Dynamics Co. (NYSE:GD) Shares Sold by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC decreased its position in General Dynamics Co. (NYSE:GD) by 6.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,505 shares of the aerospace company’s stock after selling 104 shares during the period. Aaron Wealth Advisors LLC’s holdings in General Dynamics were worth $455,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new stake in shares of General Dynamics in the first quarter valued at $25,000. Financial Synergies Wealth Advisors Inc. bought a new position in shares of General Dynamics in the first quarter valued at approximately $29,000. New Covenant Trust Company N.A. acquired a new position in General Dynamics during the 1st quarter worth $29,000. American Capital Advisory LLC bought a new stake in General Dynamics during the 2nd quarter valued at approximately $29,000. Finally, Lowe Wealth Advisors LLC bought a new position in General Dynamics during the third quarter worth $30,000. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GD has been the topic of several recent research reports. Wells Fargo & Company lowered General Dynamics from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $334.00 to $317.00 in a report on Tuesday, October 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price target on shares of General Dynamics in a report on Thursday, July 25th. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Robert W. Baird reissued an “outperform” rating and set a $345.00 price objective on shares of General Dynamics in a report on Tuesday, July 2nd. Finally, Susquehanna raised their price target on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $320.18.

Insider Buying and Selling

In other news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.52% of the stock is owned by insiders.

General Dynamics Price Performance

General Dynamics stock opened at $308.42 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $84.62 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 1.67 and a beta of 0.61. The stock’s 50 day moving average is $299.34 and its 200-day moving average is $294.26. General Dynamics Co. has a 12 month low of $232.29 and a 12 month high of $310.58.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing the consensus estimate of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The firm had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the prior year, the company earned $2.70 EPS. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. Equities research analysts expect that General Dynamics Co. will post 14.38 EPS for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s dividend payout ratio is currently 46.33%.

General Dynamics Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.