Richard C. Young & CO. LTD. Purchases 3,639 Shares of General Dynamics Co. (NYSE:GD)

Richard C. Young & CO. LTD. grew its position in shares of General Dynamics Co. (NYSE:GD) by 14.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,372 shares of the aerospace company’s stock after buying an additional 3,639 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in General Dynamics were worth $6,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Markel Corp raised its holdings in General Dynamics by 0.9% in the 1st quarter. Markel Corp now owns 390,500 shares of the aerospace company’s stock worth $94,181,000 after purchasing an additional 3,500 shares during the period. Moors & Cabot Inc. raised its holdings in General Dynamics by 13.2% in the 1st quarter. Moors & Cabot Inc. now owns 4,202 shares of the aerospace company’s stock worth $1,014,000 after purchasing an additional 490 shares during the period. Zions Bancorporation N.A. raised its holdings in General Dynamics by 294.2% in the 1st quarter. Zions Bancorporation N.A. now owns 540 shares of the aerospace company’s stock worth $130,000 after purchasing an additional 403 shares during the period. Brown Brothers Harriman & Co. raised its holdings in General Dynamics by 791.6% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,275 shares of the aerospace company’s stock worth $308,000 after purchasing an additional 1,132 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in General Dynamics by 51.6% in the 1st quarter. NewEdge Advisors LLC now owns 34,153 shares of the aerospace company’s stock worth $8,237,000 after purchasing an additional 11,630 shares during the period. 86.08% of the stock is owned by institutional investors.

General Dynamics Price Performance

Shares of General Dynamics stock traded down $0.55 during trading on Friday, reaching $226.09. 222,230 shares of the stock traded hands, compared to its average volume of 1,172,242. The company has a market capitalization of $61.73 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 2.00 and a beta of 0.83. The business has a fifty day simple moving average of $220.22 and a two-hundred day simple moving average of $220.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.39 and a quick ratio of 0.90. General Dynamics Co. has a 52-week low of $202.35 and a 52-week high of $256.86.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.59 by $0.11. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.45 billion. General Dynamics had a return on equity of 18.01% and a net margin of 8.24%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $2.75 earnings per share. Sell-side analysts expect that General Dynamics Co. will post 12.64 EPS for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be given a $1.32 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $5.28 annualized dividend and a yield of 2.34%. General Dynamics’s dividend payout ratio is currently 43.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GD shares. Morgan Stanley raised their target price on General Dynamics from $248.00 to $250.00 in a report on Thursday, July 27th. StockNews.com started coverage on General Dynamics in a report on Thursday, August 17th. They set a “buy” rating on the stock. Sanford C. Bernstein decreased their price target on General Dynamics from $251.00 to $245.00 in a report on Thursday, May 4th. Finally, Wells Fargo & Company raised their price target on General Dynamics from $244.00 to $258.00 and gave the company an “overweight” rating in a report on Friday, July 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $262.38.

Insider Buying and Selling

In related news, VP Gregory S. Gallopoulos sold 6,500 shares of General Dynamics stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $225.83, for a total value of $1,467,895.00. Following the completion of the transaction, the vice president now owns 113,319 shares in the company, valued at $25,590,829.77. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other General Dynamics news, SVP Marguerite Amy Gilliland sold 13,500 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $225.46, for a total value of $3,043,710.00. Following the completion of the sale, the senior vice president now owns 44,157 shares of the company’s stock, valued at $9,955,637.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Gregory S. Gallopoulos sold 6,500 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $225.83, for a total transaction of $1,467,895.00. Following the completion of the sale, the vice president now directly owns 113,319 shares of the company’s stock, valued at approximately $25,590,829.77. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,230 shares of company stock worth $12,086,716. Corporate insiders own 1.50% of the company’s stock.

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.