Tevis Investment Management Buys 80 Shares of General Dynamics Co. (NYSE:GD)

Tevis Investment Management lifted its position in shares of General Dynamics Co. (NYSE:GDFree Report) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,892 shares of the aerospace company’s stock after buying an additional 80 shares during the quarter. Tevis Investment Management’s holdings in General Dynamics were worth $1,176,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Financial Advocates Investment Management purchased a new position in General Dynamics during the third quarter valued at approximately $215,000. 1620 Investment Advisors Inc. boosted its position in General Dynamics by 79.3% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 2,238 shares of the aerospace company’s stock valued at $676,000 after acquiring an additional 990 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of General Dynamics in the 3rd quarter worth $337,000. First Trust Direct Indexing L.P. boosted its position in General Dynamics by 7.2% during the third quarter. First Trust Direct Indexing L.P. now owns 8,646 shares of the aerospace company’s stock valued at $2,613,000 after purchasing an additional 581 shares in the last quarter. Finally, Golden State Equity Partners grew its stake in General Dynamics by 31.8% in the third quarter. Golden State Equity Partners now owns 5,618 shares of the aerospace company’s stock valued at $1,698,000 after purchasing an additional 1,356 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In other news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the sale, the director now owns 3,592 shares in the company, valued at $1,106,515.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.52% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on GD. Sanford C. Bernstein lowered their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Barclays raised their price target on shares of General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Tuesday. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $293.00 to $345.00 in a report on Friday, August 9th. Finally, Susquehanna lifted 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, October 17th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $324.19.

Get Our Latest Analysis on GD

General Dynamics Trading Down 0.1 %

Shares of General Dynamics stock opened at $301.37 on Thursday. General Dynamics Co. has a fifty-two week low of $237.50 and a fifty-two week high of $313.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. The company has a market cap of $82.87 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 1.72 and a beta of 0.61. The firm has a 50-day simple moving average of $300.83 and a two-hundred day simple moving average of $295.00.

General Dynamics (NYSE:GDGet Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The business had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.65 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.04 EPS. As a group, equities analysts predict that General Dynamics Co. will post 14.27 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.88%. General Dynamics’s dividend payout ratio is currently 46.33%.

About General Dynamics

(Free Report)

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.

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

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