One Wealth Advisors LLC Invests $276,000 in General Dynamics Corporation (NYSE:GD)

Key Points

• One Wealth Advisors LLC invested approximately $276,000 in General Dynamics Corporation (NYSE:GD) by acquiring 1,013 shares in the first quarter.
• Analysts have increased their price targets for General Dynamics, with estimates ranging from $290.00 to $350.00, reflecting a generally stable outlook with mostly "hold" ratings.
• General Dynamics announced a quarterly dividend of $1.50 per share, representing a yield of 1.91%, with the ex-dividend date set for July 3rd.

One Wealth Advisors LLC bought a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,013 shares of the aerospace company's stock, valued at approximately $276,000.

Several other large investors also recently modified their holdings of GD. GAMMA Investing LLC lifted its position in shares of General Dynamics by 34,578.2% during the first quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company's stock worth $339,253,000 after purchasing an additional 1,241,011 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in General Dynamics in the fourth quarter valued at approximately $279,582,000. Capital Research Global Investors boosted its stake in General Dynamics by 7.4% in the fourth quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company's stock valued at $1,774,381,000 after acquiring an additional 463,497 shares during the period. Voloridge Investment Management LLC boosted its stake in General Dynamics by 6,387.2% in the fourth quarter. Voloridge Investment Management LLC now owns 401,236 shares of the aerospace company's stock valued at $105,722,000 after acquiring an additional 395,051 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in General Dynamics by 24.3% in the fourth quarter. Hsbc Holdings PLC now owns 1,290,344 shares of the aerospace company's stock valued at $339,856,000 after acquiring an additional 252,107 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Dynamics news, CEO Phebe N. Novakovic sold 7,639 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $280.44, for a total transaction of $2,142,281.16. Following the sale, the chief executive officer directly owned 769,607 shares of the company's stock, valued at approximately $215,828,587.08. This represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

GD has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a report on Thursday. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the stock a "hold" rating in a report on Wednesday, July 9th. TD Securities boosted their target price on General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the stock a "market perform" rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their target price on General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, General Dynamics presently has an average rating of "Hold" and an average price target of $312.17.

General Dynamics Price Performance

NYSE GD traded down $0.33 on Friday, reaching $313.92. The company's stock had a trading volume of 1,218,137 shares, compared to its average volume of 1,276,632. The firm has a market cap of $84.44 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.06 and a beta of 0.46. The business has a 50-day moving average price of $287.67 and a 200 day moving average price of $272.15. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $322.50. The company has a current ratio of 1.36, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.27. The business had revenue of $13.04 billion for the quarter, compared to analysts' expectations of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.26 earnings per share. Sell-side analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $6.00 annualized dividend and a yield of 1.91%. General Dynamics's dividend payout ratio is 40.27%.

General Dynamics Company 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.