General Dynamics Co. (NYSE:GD) Shares Acquired by RFG Advisory LLC

RFG Advisory LLC increased its stake in shares of General Dynamics Co. (NYSE:GD) by 2.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,436 shares of the aerospace company’s stock after purchasing an additional 196 shares during the period. RFG Advisory LLC’s holdings in General Dynamics were worth $2,157,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Czech National Bank boosted its position in General Dynamics by 8.5% in the 2nd quarter. Czech National Bank now owns 43,324 shares of the aerospace company’s stock valued at $12,570,000 after buying an additional 3,377 shares during the period. Austin Private Wealth LLC boosted its position in General Dynamics by 7.9% in the 2nd quarter. Austin Private Wealth LLC now owns 1,456 shares of the aerospace company’s stock valued at $422,000 after buying an additional 106 shares during the period. Unison Advisors LLC boosted its position in General Dynamics by 0.4% in the 2nd quarter. Unison Advisors LLC now owns 16,766 shares of the aerospace company’s stock valued at $4,864,000 after buying an additional 75 shares during the period. Sound Income Strategies LLC boosted its position in General Dynamics by 1,367.8% in the 2nd quarter. Sound Income Strategies LLC now owns 1,277 shares of the aerospace company’s stock valued at $371,000 after buying an additional 1,190 shares during the period. Finally, Cypress Wealth Services LLC boosted its position in General Dynamics by 6.0% in the 2nd quarter. Cypress Wealth Services LLC now owns 914 shares of the aerospace company’s stock valued at $265,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GD shares. Wells Fargo & Company raised their price objective on shares of General Dynamics from $330.00 to $334.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. BTIG Research started coverage on shares of General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price objective on the stock. The Goldman Sachs Group raised their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Robert W. Baird restated an “outperform” rating and issued a $345.00 price objective on shares of General Dynamics in a report on Tuesday, July 2nd. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.06.

Insider Activity

In other General Dynamics news, VP Mark Lagrand Burns sold 12,089 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $296.59, for a total transaction of $3,585,476.51. Following the transaction, the vice president now directly owns 64,132 shares in the company, valued at $19,020,909.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Kimberly A. Kuryea sold 13,344 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total value of $3,978,647.04. Following the transaction, the chief financial officer now owns 79,255 shares of the company’s stock, valued at approximately $23,630,670.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Mark Lagrand Burns sold 12,089 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $296.59, for a total transaction of $3,585,476.51. Following the completion of the transaction, the vice president now directly owns 64,132 shares in the company, valued at approximately $19,020,909.88. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

General Dynamics Stock Performance

NYSE GD traded down $1.41 during trading on Monday, reaching $291.58. The company’s stock had a trading volume of 708,872 shares, compared to its average volume of 1,068,230. The firm has a market cap of $80.00 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 1.68 and a beta of 0.60. The business’s fifty day moving average price is $291.27 and its 200-day moving average price is $285.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. General Dynamics Co. has a twelve month low of $214.53 and a twelve month high of $302.75.

General Dynamics (NYSE:GD) last issued its earnings results 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). The firm had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.70 EPS. As a group, analysts anticipate that General Dynamics Co. will post 14.5 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s payout ratio is 46.33%.

About General Dynamics

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.