U.S. Capital Wealth Advisors LLC Buys 36,627 Shares of General Dynamics Corporation (NYSE:GD)

U.S. Capital Wealth Advisors LLC grew its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 111.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,457 shares of the aerospace company's stock after acquiring an additional 36,627 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in General Dynamics were worth $18,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC grew its position in shares of General Dynamics by 213.8% in the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 62 shares during the period. Inlight Wealth Management LLC acquired a new position in shares of General Dynamics in the 1st quarter valued at approximately $26,000. Copia Wealth Management acquired a new position in shares of General Dynamics in the 4th quarter valued at approximately $27,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of General Dynamics in the 1st quarter valued at approximately $27,000. Finally, Hoey Investments Inc. acquired a new position in shares of General Dynamics in the 4th quarter valued at approximately $28,000. 86.14% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Phebe N. Novakovic sold 7,639 shares of the stock in a transaction on Monday, June 16th. The stock was 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

GD has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Argus set a $295.00 price target on General Dynamics in a research report on Tuesday, May 6th. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. TD Securities upped their price target on General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, Citigroup reduced their price target on General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $293.00.

General Dynamics Stock Performance

GD traded up $2.26 during trading hours on Tuesday, reaching $296.91. The company's stock had a trading volume of 1,427,188 shares, compared to its average volume of 1,396,570. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $316.90. The company's 50-day moving average is $279.22 and its 200-day moving average is $268.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.34. The firm has a market cap of $79.69 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.98 and a beta of 0.46.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.23. The firm had revenue of $12.22 billion for the quarter, compared to analysts' expectations of $11.92 billion. General Dynamics had a return on equity of 17.82% and a net margin of 8.08%. The company's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.88 EPS. On average, equities analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's dividend payout ratio (DPR) is currently 41.61%.

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.