HCR Wealth Advisors Has $230,000 Position in General Dynamics Corporation (NYSE:GD)
HCR Wealth Advisors boosted its position in General Dynamics Corporation (NYSE:GD) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,228 shares of the aerospace company’s stock after buying an additional 39 shares during the period. HCR Wealth Advisors’ holdings in General Dynamics Corporation were worth $230,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of General Dynamics Corporation by 0.7% in the first quarter. Quadrant Capital Group LLC now owns 608 shares of the aerospace company’s stock valued at $108,000 after buying an additional 4 shares during the last quarter. Ruggie Capital Group acquired a new position in shares of General Dynamics Corporation during the first quarter valued at about $119,000. Pinnacle Bank purchased a new stake in General Dynamics Corporation during the first quarter valued at approximately $126,000. Archford Capital Strategies LLC boosted its stake in General Dynamics Corporation by 74.2% in the fourth quarter. Archford Capital Strategies LLC now owns 810 shares of the aerospace company’s stock valued at $139,000 after buying an additional 345 shares during the period. Finally, Central Bank & Trust Co. boosted its stake in General Dynamics Corporation by 33.9% in the first quarter. Central Bank & Trust Co. now owns 872 shares of the aerospace company’s stock valued at $164,000 after buying an additional 221 shares during the period. Institutional investors own 87.52% of the company’s stock.
General Dynamics Corporation (NYSE:GD) traded down 1.16% during trading on Tuesday, hitting $198.80. 1,352,601 shares of the company’s stock traded hands. The stock has a market cap of $59.60 billion, a P/E ratio of 19.64 and a beta of 0.71. General Dynamics Corporation has a 12 month low of $147.80 and a 12 month high of $205.90. The company’s 50 day moving average is $200.36 and its 200-day moving average is $192.94.
General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The company had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.76 billion. During the same quarter last year, the business posted $2.30 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts predict that General Dynamics Corporation will post $9.82 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 annualized dividend and a dividend yield of 1.69%. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.
A number of equities research analysts recently commented on the company. BidaskClub upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday. Morgan Stanley initiated coverage on General Dynamics Corporation in a report on Tuesday. They issued an “underweight” rating and a $185.00 price target on the stock. Zacks Investment Research downgraded General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Cowen and Company reissued a “buy” rating and set a $210.00 price target on shares of General Dynamics Corporation in a research report on Monday, July 17th. Finally, Berenberg Bank initiated coverage on General Dynamics Corporation in a research report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $206.05.
In other General Dynamics Corporation news, VP Christopher Marzilli sold 43,890 shares of General Dynamics Corporation stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the completion of the sale, the vice president now directly owns 107,857 shares in the company, valued at approximately $21,719,164.09. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lester L. Lyles sold 2,551 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $196.01, for a total transaction of $500,021.51. Following the completion of the transaction, the director now owns 7,336 shares of the company’s stock, valued at $1,437,929.36. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.
General Dynamics Corporation Company Profile
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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