Uncommon Cents Investing LLC Purchases 1,220 Shares of General Dynamics Co. (NYSE:GD)

Uncommon Cents Investing LLC raised its stake in shares of General Dynamics Co. (NYSE:GDGet Rating) by 76.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,825 shares of the aerospace company’s stock after purchasing an additional 1,220 shares during the quarter. Uncommon Cents Investing LLC’s holdings in General Dynamics were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in General Dynamics by 0.3% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,014 shares of the aerospace company’s stock valued at $3,621,000 after acquiring an additional 46 shares in the last quarter. Garner Asset Management Corp raised its position in General Dynamics by 1.5% during the first quarter. Garner Asset Management Corp now owns 3,069 shares of the aerospace company’s stock valued at $740,000 after acquiring an additional 46 shares in the last quarter. Brown Miller Wealth Management LLC raised its position in General Dynamics by 1.0% during the first quarter. Brown Miller Wealth Management LLC now owns 4,643 shares of the aerospace company’s stock valued at $1,120,000 after acquiring an additional 47 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its position in shares of General Dynamics by 0.9% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,460 shares of the aerospace company’s stock valued at $1,317,000 after buying an additional 50 shares in the last quarter. Finally, Grassi Investment Management increased its position in shares of General Dynamics by 1.4% in the first quarter. Grassi Investment Management now owns 3,675 shares of the aerospace company’s stock valued at $886,000 after buying an additional 50 shares in the last quarter. 86.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 71,461 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $227.05, for a total value of $16,225,220.05. Following the transaction, the chief executive officer now owns 781,152 shares of the company’s stock, valued at approximately $177,360,561.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Seaport Res Ptn restated a “buy” rating on shares of General Dynamics in a research report on Wednesday, July 27th. Royal Bank of Canada assumed coverage on General Dynamics in a research report on Monday, August 29th. They issued an “outperform” rating and a $275.00 price objective for the company. Finally, Cowen set a $260.00 price objective on General Dynamics in a research report on Tuesday, July 19th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and an average target price of $256.38.

General Dynamics Trading Down 3.2 %

NYSE GD traded down $7.24 on Friday, reaching $220.85. 16,638 shares of the company were exchanged, compared to its average volume of 1,032,225. The business’s fifty day moving average price is $228.38 and its 200 day moving average price is $229.50. The stock has a market capitalization of $60.57 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 1.84 and a beta of 0.86. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 0.56. General Dynamics Co. has a fifty-two week low of $188.64 and a fifty-two week high of $254.99.

General Dynamics (NYSE:GDGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The aerospace company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.03. The company had revenue of $9.19 billion for the quarter, compared to analyst estimates of $9.42 billion. General Dynamics had a return on equity of 19.25% and a net margin of 8.61%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.61 earnings per share. Analysts forecast that General Dynamics Co. will post 12.16 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, October 7th will be paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, October 6th. General Dynamics’s dividend payout ratio (DPR) is currently 42.64%.

General Dynamics Company Profile

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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 designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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