Kiley Juergens Wealth Management LLC Acquires New Holdings in General Dynamics Corporation $GD

Kiley Juergens Wealth Management LLC acquired a new position in General Dynamics Corporation (NYSE:GD) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,127 shares of the aerospace company’s stock, valued at approximately $730,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp purchased a new position in shares of General Dynamics in the third quarter valued at approximately $25,000. Dagco Inc. purchased a new position in General Dynamics in the fourth quarter valued at $25,000. Burkett Financial Services LLC raised its stake in General Dynamics by 650.0% in the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after buying an additional 65 shares in the last quarter. Steph & Co. boosted its position in shares of General Dynamics by 65.2% during the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 30 shares in the last quarter. Finally, Center for Financial Planning Inc. increased its holdings in shares of General Dynamics by 220.7% in the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 64 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 36,480 shares of General Dynamics stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the sale, the executive vice president owned 38,975 shares of the company’s stock, valued at approximately $13,457,677.75. The trade was a 48.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the transaction, the director directly owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 78,190 shares of company stock valued at $27,041,022. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. UBS Group raised shares of General Dynamics from a “neutral” rating to a “buy” rating in a research report on Thursday, June 11th. BNP Paribas Exane decreased their price objective on shares of General Dynamics from $430.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Weiss Ratings raised General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Finally, Wells Fargo & Company began coverage on General Dynamics in a research report on Wednesday, April 1st. They set an “overweight” rating and a $400.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $389.15.

General Dynamics Stock Performance

Shares of General Dynamics stock traded down $0.12 during trading hours on Tuesday, hitting $376.76. 107,364 shares of the company were exchanged, compared to its average volume of 1,377,999. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $344.97 and a 200-day moving average of $348.40. General Dynamics Corporation has a 1 year low of $293.95 and a 1 year high of $380.71. The stock has a market capitalization of $101.89 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 2.31 and a beta of 0.34.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.43. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The company had revenue of $13.48 billion for the quarter, compared to analysts’ expectations of $12.70 billion. During the same period in the previous year, the company posted $3.66 EPS. General Dynamics’s revenue was up 10.3% compared to the same quarter last year. As a group, analysts expect that General Dynamics Corporation will post 16.63 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 2nd will be given a $1.59 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is presently 40.03%.

General Dynamics Company Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.