Taylor Cottrill Erickson & Associates Inc. Buys 280 Shares of General Dynamics Co. (NYSE:GD)

Taylor Cottrill Erickson & Associates Inc. boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,513 shares of the aerospace company’s stock after purchasing an additional 280 shares during the quarter. Taylor Cottrill Erickson & Associates Inc.’s holdings in General Dynamics were worth $1,730,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Archford Capital Strategies LLC raised its holdings in General Dynamics by 3.4% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,696 shares of the aerospace company’s stock valued at $308,000 after acquiring an additional 56 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in General Dynamics by 10.2% in the 1st quarter. Capital Investment Advisory Services LLC now owns 657 shares of the aerospace company’s stock valued at $111,000 after acquiring an additional 61 shares in the last quarter. Weatherstone Capital Management raised its holdings in General Dynamics by 2.9% in the 1st quarter. Weatherstone Capital Management now owns 2,224 shares of the aerospace company’s stock valued at $376,000 after acquiring an additional 63 shares in the last quarter. National Asset Management Inc. raised its holdings in General Dynamics by 2.1% in the 1st quarter. National Asset Management Inc. now owns 3,029 shares of the aerospace company’s stock valued at $513,000 after acquiring an additional 63 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its holdings in General Dynamics by 4.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,494 shares of the aerospace company’s stock valued at $271,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 86.79% of the company’s stock.

Several equities analysts have commented on GD shares. ValuEngine raised General Dynamics from a “sell” rating to a “hold” rating in a report on Thursday, June 6th. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a report on Monday, June 3rd. Goldman Sachs Group raised General Dynamics from a “neutral” rating to a “buy” rating and set a $204.00 target price for the company in a report on Sunday, May 19th. Morgan Stanley increased their target price on General Dynamics from $170.00 to $171.00 and gave the stock an “underweight” rating in a report on Friday, June 14th. Finally, JPMorgan Chase & Co. raised General Dynamics from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $188.00 to $200.00 in a report on Thursday, April 25th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $191.35.

GD stock traded up $0.25 during midday trading on Wednesday, reaching $180.92. 32,073 shares of the company’s stock traded hands, compared to its average volume of 1,134,690. The business has a 50-day moving average of $182.55. General Dynamics Co. has a 1-year low of $143.87 and a 1-year high of $207.72. The stock has a market cap of $51.69 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 0.73 and a debt-to-equity ratio of 0.70.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $2.77 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $9.36 billion. During the same period last year, the firm posted $2.82 EPS. The business’s revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts anticipate that General Dynamics Co. will post 11.83 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $4.08 dividend on an annualized basis and a yield of 2.26%. General Dynamics’s dividend payout ratio is 35.73%.

In related news, Director William A. Osborn sold 1,500 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $182.56, for a total transaction of $273,840.00. Following the completion of the sale, the director now directly owns 37,585 shares of the company’s stock, valued at approximately $6,861,517.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gary L. Whited sold 14,029 shares of the stock in a transaction on 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 transaction, the vice president now owns 37,542 shares in the company, valued at $7,072,161.96. The disclosure for this sale can be found here. Company insiders own 7.10% of the company’s stock.

General Dynamics 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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