General Dynamics Co. (NYSE:GD) Holdings Lowered by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC reduced its position in General Dynamics Co. (NYSE:GD - Free Report) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 141,104 shares of the aerospace company's stock after selling 6,258 shares during the quarter. Bartlett & CO. Wealth Management LLC owned about 0.05% of General Dynamics worth $42,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the first quarter worth $25,000. Financial Synergies Wealth Advisors Inc. purchased a new position in General Dynamics in the first quarter valued at about $29,000. New Covenant Trust Company N.A. acquired a new position in shares of General Dynamics during the first quarter worth about $29,000. American Capital Advisory LLC purchased a new stake in shares of General Dynamics in the second quarter worth about $29,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the third quarter valued at about $30,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Activity

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares in the company, valued at approximately $1,106,515.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.52% of the company's stock.

Analyst Upgrades and Downgrades

GD has been the subject of a number of analyst reports. Barclays upped their price target on General Dynamics from $310.00 to $325.00 and gave the stock an "overweight" rating in a report on Tuesday, July 30th. Morgan Stanley raised shares of General Dynamics from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $293.00 to $345.00 in a report on Friday, August 9th. Susquehanna boosted their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the stock a "positive" rating in a report on Thursday. TD Cowen upgraded General Dynamics to a "strong-buy" rating in a research note on Tuesday, October 8th. Finally, Robert W. Baird reiterated an "outperform" rating and issued a $345.00 price target on shares of General Dynamics in a research note on Tuesday, July 2nd. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $320.18.

General Dynamics Stock Performance

Shares of General Dynamics stock traded up $0.25 during trading hours on Friday, reaching $308.48. The company's stock had a trading volume of 1,316,379 shares, compared to its average volume of 1,090,915. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. General Dynamics Co. has a one year low of $232.29 and a one year high of $310.58. The company's 50 day simple moving average is $299.34 and its 200 day simple moving average is $294.26. The stock has a market cap of $84.64 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing analysts' consensus estimates of $3.30 by ($0.04). The company had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The business's revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.70 earnings per share. As a group, analysts expect that General Dynamics Co. will post 14.38 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Friday, October 11th. General Dynamics's payout ratio is 46.33%.

About General Dynamics

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.