Soltis Investment Advisors LLC Has $4.64 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

Soltis Investment Advisors LLC increased its position in shares of General Dynamics Co. (NYSE:GD) by 0.8% during the third quarter, HoldingsChannel.com reports. The firm owned 15,368 shares of the aerospace company’s stock after buying an additional 121 shares during the period. Soltis Investment Advisors LLC’s holdings in General Dynamics were worth $4,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MFA Wealth Advisors LLC lifted its position in shares of General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after buying an additional 58 shares during the period. Hara Capital LLC bought a new position in shares of General Dynamics during the third quarter valued at $26,000. American Capital Advisory LLC bought a new position in shares of General Dynamics during the second quarter valued at $29,000. Lowe Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the 3rd quarter valued at $30,000. Finally, Atlantic Edge Private Wealth Management LLC grew its holdings in shares of General Dynamics by 120.0% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GD. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Barclays lifted their price objective on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Sanford C. Bernstein decreased their target price on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Finally, TD Cowen raised General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.69.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $270.46 on Wednesday. General Dynamics Co. has a 52 week low of $247.36 and a 52 week high of $316.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The stock has a market capitalization of $74.37 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 1.67 and a beta of 0.59. The firm has a fifty day moving average of $294.78 and a two-hundred day moving average of $294.60.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.04 EPS. As a group, equities research analysts predict that General Dynamics Co. will post 13.87 EPS for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio is currently 43.26%.

General Dynamics declared that its Board of Directors has authorized a share buyback program on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the sale, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This trade represents a 26.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

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.