Kiley Juergens Wealth Management LLC Acquires Shares of 2,127 General Dynamics Corporation $GD

Kiley Juergens Wealth Management LLC purchased a new position in General Dynamics Corporation (NYSE:GD) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,127 shares of the aerospace company’s stock, valued at approximately $730,000.

A number of other large investors have also added to or reduced their stakes in the stock. KERR FINANCIAL PLANNING Corp bought a new position in General Dynamics in the 3rd quarter worth about $25,000. Dagco Inc. bought a new stake in shares of General Dynamics during the 4th quarter valued at about $25,000. Burkett Financial Services LLC increased its holdings in General Dynamics by 650.0% during the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after buying an additional 65 shares during the last quarter. Steph & Co. increased its stake in shares of General Dynamics by 65.2% in the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 30 shares in the last quarter. Finally, Center for Financial Planning Inc. increased its position in General Dynamics by 220.7% in the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other news, Director Mark Malcolm sold 5,480 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the transaction, the director owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark Lagrand Burns sold 36,480 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the transaction, the executive vice president owned 38,975 shares of the company’s stock, valued at approximately $13,457,677.75. This trade represents a 48.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 78,190 shares of company stock valued at $27,041,022. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Stock Down 0.0%

NYSE GD traded down $0.12 during trading on Tuesday, hitting $376.76. The company’s stock had a trading volume of 107,364 shares, compared to its average volume of 1,377,999. The company has a market cap of $101.89 billion, a PE ratio of 23.71, a P/E/G ratio of 2.31 and a beta of 0.34. General Dynamics Corporation has a fifty-two week low of $293.95 and a fifty-two week high of $380.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.90. The business’s 50 day simple moving average is $344.97 and its 200-day simple moving average is $348.40.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.43. The business had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company posted $3.66 earnings per share. On average, equities analysts anticipate that General Dynamics Corporation will post 16.63 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 2nd will be issued a $1.59 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio is presently 40.03%.

Analysts Set New Price Targets

GD has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. DA Davidson decreased their target price on shares of General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. UBS Group raised shares of General Dynamics from a “neutral” rating to a “buy” rating in a research note on Thursday, June 11th. BNP Paribas Exane decreased their price target on General Dynamics from $430.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on General Dynamics from $387.00 to $377.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell 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 $389.15.

General Dynamics Company Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.