Opal Wealth Advisors LLC holds $72,000 position in General Dynamics Co. (NYSE:GD)

Opal Wealth Advisors LLC bought a new stake in shares of General Dynamics Co. (NYSE:GD – Free Report) in the second quarter, HoldingsChannel reports. The fund purchased 249 shares of the aerospace company’s stock, valued at approximately $72,000.

Several other large investors have also recently made changes to their positions in GD. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of General Dynamics by 13.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,920 shares of the aerospace company’s stock valued at $12,443,000 after purchasing an additional 5,773 shares in the last quarter. Bleakley Financial Group LLC raised its position in shares of General Dynamics by 6.5% during the 4th quarter. Bleakley Financial Group LLC now owns 7,046 shares of the aerospace company’s stock valued at $1,830,000 after buying an additional 428 shares during the period. of shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in General Dynamics by 20.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 179,683 shares of the aerospace company’s stock worth $46,658,000 after purchasing an additional 30,410 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in General Dynamics in the 4th quarter valued at about $101,000. Finally, GHP Investment Advisors Inc. raised its holdings in General Dynamics by 4.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 20,475 shares of the aerospace company’s stock worth $5,317,000 after acquiring an additional 807 shares in the last quarter. 86.14% of the shares are held by hedge funds and other institutional investors.

General Dynamics stock performance

Shares of GD stock opened at $292.99 on Friday. The company has a market cap of $80.39 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.68 and a beta of 0.60. The company has a current ratio of 1.33, a quick ratio of 0.80, and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $291.27 and a 200-day moving average price of $285.16. General Dynamics Co. has a 12-month low of $214.53 and a 12-month high of $302.75.

General Dynamics (NYSE:GD – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The company had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The company’s revenue was up 18.0% compared to the same quarter last year. In the same quarter last year, the business posted EPS of $2.70. As a group, equities analysts estimate that General Dynamics Co. will post 14.5 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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 paid a $1.42 dividend. The ex-dividend date is Friday, October 11. This represents a dividend of $5.68 on an annualized basis and a yield of 1.94%. General Dynamics’ payout ratio is 46.33%.

Changes in Analyst Ratings

Several brokerages have recently weighed in on GD. Wells Fargo & Company raised their price objective on General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. BTIG Research began coverage on General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price objective for the company. Citigroup lifted their price objective on General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. raised their price objective on General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $345.00 price objective on shares of General Dynamics in a report on Tuesday, July 2nd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Moderate Buy” and an average target price of $315.06, according to MarketBeat.

Read our latest review of GD

Insider buying and selling

In related news, CFO Kimberly A. Kuryea sold 13,344 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total value of $3,978,647.04. Following the completion of the sale, the chief financial officer now owns 79,255 shares in the company, valued at approximately $23,630,670.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. In related news, CFO Kimberly A. Kuryea sold 13,344 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total value of $3,978,647.04. Following the completion of the sale, the chief financial officer now owns 79,255 shares in the company, valued at approximately $23,630,670.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. Also, VP Mark Lagrand Burns sold 12,089 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $296.59, for a total value of $3,585,476.51. Following the completion of the sale, the vice president now owns 64,132 shares of the company’s stock, valued at approximately $19,020,909.88. The disclosure for this sale can be found here. Insiders sold 46,483 shares of company stock worth $13,770,716 in the last quarter. 1.52% of shares are held by insiders.

General Dynamics profile

(Free report)

General Dynamics Corporation operates as a global aerospace and defense company. It operates through four segments: Aerospace, Marine Systems, Combat Systems and Technologies. The Aerospace segment manufactures and sells business aircraft; and provides aircraft maintenance and repair, management, support and aircraft ground completion, charter, staffing and fixed base operator services.

Read more

Want to see what other hedge funds own GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for General Dynamics Co. (NYSE:GD – Free Report).

Get General Dynamics news and reviews daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for General Dynamics and related companies with MarketBeat.com’s FREE daily email newsletter.