RFG Bristol Wealth Advisors LLC Buys 1,940 Shares of General Dynamics Corporation $GD

RFG Bristol Wealth Advisors LLC boosted its stake in General Dynamics Corporation (NYSE:GD) by 239.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,749 shares of the aerospace company’s stock after buying an additional 1,940 shares during the period. RFG Bristol Wealth Advisors LLC’s holdings in General Dynamics were worth $943,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of GD. Vanguard Group Inc. boosted its stake in shares of General Dynamics by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock valued at $8,338,169,000 after buying an additional 528,769 shares during the period. M&T Bank Corp grew its position in General Dynamics by 155.6% during the fourth quarter. M&T Bank Corp now owns 104,773 shares of the aerospace company’s stock worth $35,273,000 after buying an additional 63,781 shares in the last quarter. Financial Planning Hawaii Inc. bought a new position in General Dynamics during the 4th quarter worth $1,103,000. Jefferies Financial Group Inc. acquired a new position in General Dynamics in the 4th quarter valued at $7,914,000. Finally, Cullen Investment Group LTD. lifted its position in shares of General Dynamics by 371.1% during the 4th quarter. Cullen Investment Group LTD. now owns 19,467 shares of the aerospace company’s stock valued at $6,889,000 after acquiring an additional 15,335 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GD has been the topic of several analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $385.00 target price on shares of General Dynamics in a report on Thursday, April 30th. Weiss Ratings raised General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. UBS Group raised shares of General Dynamics from a “neutral” rating to a “buy” rating in a report on Thursday, June 11th. Finally, Wells Fargo & Company initiated coverage on shares of General Dynamics in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and a consensus target price of $391.15.

Insider Activity

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

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $365.53 on Thursday. The company’s 50 day moving average price is $351.86 and its two-hundred day moving average price is $350.18. The firm has a market capitalization of $98.85 billion, a P/E ratio of 23.00, a P/E/G ratio of 2.23 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.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.43. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The company had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $12.70 billion. During the same period in the prior year, the business earned $3.66 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities analysts forecast that General Dynamics Corporation will post 16.64 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

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

About General Dynamics

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.