Moloney Securities Asset Management LLC Has $2.64 Million Stake in General Dynamics Co. (NYSE:GD)

Moloney Securities Asset Management LLC increased its stake in shares of General Dynamics Co. (NYSE:GD) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,744 shares of the aerospace company’s stock after acquiring an additional 61 shares during the period. Moloney Securities Asset Management LLC’s holdings in General Dynamics were worth $2,642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MFA Wealth Advisors LLC grew its stake in General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in General Dynamics in the 1st quarter worth about $29,000. American Capital Advisory LLC bought a new position in General Dynamics in the 2nd quarter valued at approximately $29,000. Lowe Wealth Advisors LLC bought a new stake in shares of General Dynamics in the third quarter worth $30,000. Finally, Beacon Capital Management LLC raised its position in shares of General Dynamics by 1,144.4% during the first quarter. Beacon Capital Management LLC now owns 112 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 103 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the company’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 sale, the director now owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GD shares. Citigroup boosted their price objective on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a report on Friday. Sanford C. Bernstein decreased their target price on General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

General Dynamics Price Performance

GD opened at $293.60 on Tuesday. General Dynamics Co. has a fifty-two week low of $238.31 and a fifty-two week high of $313.11. The firm has a 50-day moving average of $300.88 and a 200 day moving average of $295.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The firm has a market cap of $80.73 billion, a P/E ratio of 22.36, a PEG ratio of 1.75 and a beta of 0.61.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The firm had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $3.04 EPS. On average, research analysts expect that General Dynamics Co. will post 13.97 EPS for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be issued a dividend of $1.42 per share. 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 1.93%. General Dynamics’s dividend payout ratio (DPR) is 43.26%.

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.