Spearhead Capital Advisors LLC Buys 1,026 Shares of General Dynamics Co. (NYSE:GD)

Spearhead Capital Advisors LLC boosted its stake in shares of General Dynamics Co. (NYSE:GD) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,301 shares of the aerospace company’s stock after acquiring an additional 1,026 shares during the period. Spearhead Capital Advisors LLC’s holdings in General Dynamics were worth $4,258,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. United Bank increased its stake in shares of General Dynamics by 3.9% in the 1st quarter. United Bank now owns 4,740 shares of the aerospace company’s stock valued at $802,000 after purchasing an additional 180 shares during the last quarter. Bath Savings Trust Co boosted its holdings in shares of General Dynamics by 12.2% during the 2nd quarter. Bath Savings Trust Co now owns 1,655 shares of the aerospace company’s stock valued at $301,000 after acquiring an additional 180 shares in the last quarter. Woodstock Corp boosted its holdings in shares of General Dynamics by 1.1% during the 2nd quarter. Woodstock Corp now owns 6,625 shares of the aerospace company’s stock valued at $1,205,000 after acquiring an additional 75 shares in the last quarter. Rockland Trust Co. boosted its holdings in shares of General Dynamics by 6.9% during the 2nd quarter. Rockland Trust Co. now owns 1,649 shares of the aerospace company’s stock valued at $300,000 after acquiring an additional 107 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of General Dynamics by 14.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 1,664 shares of the aerospace company’s stock valued at $304,000 after acquiring an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.

In related news, EVP Christopher Marzilli sold 32,930 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $187.16, for a total value of $6,163,178.80. Following the completion of the sale, the executive vice president now directly owns 100,557 shares of the company’s stock, valued at approximately $18,820,248.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gary L. Whited sold 14,029 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $188.38, for a total value of $2,642,783.02. Following the completion of the sale, the vice president now directly owns 37,542 shares of the company’s stock, valued at $7,072,161.96. The disclosure for this sale can be found here. Insiders sold a total of 48,459 shares of company stock valued at $9,079,802 over the last ninety days. 7.10% of the stock is currently owned by corporate insiders.

Several equities research analysts recently weighed in on GD shares. Cowen set a $202.00 price objective on General Dynamics and gave the company a “buy” rating in a report on Friday, August 30th. Robert W. Baird raised their price objective on General Dynamics from $188.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $203.00 price objective on the stock in a report on Monday, September 2nd. Barclays set a $215.00 price objective on General Dynamics and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley cut their price objective on General Dynamics from $173.00 to $172.00 and set an “underweight” rating on the stock in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $193.58.

GD traded up $1.02 during midday trading on Monday, hitting $175.45. 944,526 shares of the company were exchanged, compared to its average volume of 1,259,368. The firm has a market capitalization of $50.82 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.71 and a beta of 1.20. General Dynamics Co. has a 1-year low of $143.87 and a 1-year high of $193.76. The firm’s 50 day moving average price is $184.59 and its 200-day moving average price is $178.83. The company has a quick ratio of 0.73, a current ratio of 1.09 and a debt-to-equity ratio of 0.70.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, July 24th. The aerospace company reported $2.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.09. General Dynamics had a return on equity of 26.81% and a net margin of 8.65%. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.36 billion. During the same period in the previous year, the business earned $2.82 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts predict that General Dynamics Co. will post 11.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, October 10th. General Dynamics’s payout ratio is 35.73%.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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

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