Farther Finance Advisors LLC Purchases 1,175 Shares of General Dynamics Co. (NYSE:GD)

Farther Finance Advisors LLC grew its position in shares of General Dynamics Co. (NYSE:GD) by 8.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,096 shares of the aerospace company’s stock after acquiring an additional 1,175 shares during the quarter. Farther Finance Advisors LLC’s holdings in General Dynamics were worth $4,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC raised its position in shares of General Dynamics by 15.3% during the fourth quarter. Empowered Funds LLC now owns 9,689 shares of the aerospace company’s stock worth $2,553,000 after purchasing an additional 1,283 shares during the period. Kentucky Trust Co acquired a new position in shares of General Dynamics during the fourth quarter worth approximately $607,000. Hickory Point Bank & Trust acquired a new position in shares of General Dynamics during the fourth quarter worth approximately $692,000. Atlas Legacy Advisors LLC acquired a new position in shares of General Dynamics during the fourth quarter worth approximately $550,000. Finally, Jones Financial Companies Lllp raised its position in shares of General Dynamics by 45.4% during the fourth quarter. Jones Financial Companies Lllp now owns 80,565 shares of the aerospace company’s stock worth $21,228,000 after purchasing an additional 25,144 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Up 0.3%

GD stock opened at $277.35 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The company has a market capitalization of $74.44 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.69 and a beta of 0.46. General Dynamics Co. has a fifty-two week low of $239.20 and a fifty-two week high of $316.90. The stock has a fifty day moving average of $272.72 and a 200-day moving average of $266.50.

General Dynamics (NYSE:GD) last posted its quarterly earnings results 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 company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.88 EPS. As a group, equities research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders 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 dividend yield of 2.16%. General Dynamics’s payout ratio is 41.61%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GD shares. Cowen reissued a “buy” rating on shares of General Dynamics in a research report on Thursday, April 24th. TD Securities increased their price target on General Dynamics from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. UBS Group increased their price target on General Dynamics from $268.00 to $279.00 and gave the company a “neutral” rating 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. Finally, Susquehanna increased their price target on General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, General Dynamics has a consensus rating of “Hold” and an average target price of $293.00.

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.