Brookstone Capital Management Purchases 2,139 Shares of General Dynamics Co. (NYSE:GD)

Brookstone Capital Management grew its position in General Dynamics Co. (NYSE:GDGet Rating) by 26.2% during the second quarter, HoldingsChannel reports. The firm owned 10,312 shares of the aerospace company’s stock after buying an additional 2,139 shares during the quarter. Brookstone Capital Management’s holdings in General Dynamics were worth $2,280,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Banque Cantonale Vaudoise bought a new position in General Dynamics during the first quarter worth $75,000. Vanguard Group Inc. increased its position in General Dynamics by 0.7% during the first quarter. Vanguard Group Inc. now owns 20,326,396 shares of the aerospace company’s stock worth $4,902,319,000 after acquiring an additional 140,760 shares during the period. Allstate Corp increased its position in General Dynamics by 566.9% during the fourth quarter. Allstate Corp now owns 20,241 shares of the aerospace company’s stock worth $4,220,000 after acquiring an additional 17,206 shares during the period. AIA Group Ltd increased its position in General Dynamics by 47.9% during the first quarter. AIA Group Ltd now owns 3,494 shares of the aerospace company’s stock worth $843,000 after acquiring an additional 1,131 shares during the period. Finally, Good Life Advisors LLC increased its position in General Dynamics by 3.3% during the first quarter. Good Life Advisors LLC now owns 4,150 shares of the aerospace company’s stock worth $1,001,000 after acquiring an additional 132 shares during the period. Institutional investors own 86.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of General Dynamics in a research report on Monday, August 29th. They set an “outperform” rating and a $275.00 target price on the stock. Seaport Res Ptn reaffirmed a “buy” rating on shares of General Dynamics in a research report on Wednesday, July 27th. Finally, Cowen set a $260.00 price target on shares of General Dynamics in a research note on Tuesday, July 19th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.38.

General Dynamics Stock Up 0.7 %

GD opened at $229.03 on Tuesday. General Dynamics Co. has a fifty-two week low of $188.64 and a fifty-two week high of $254.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.40 and a quick ratio of 0.98. The firm’s fifty day moving average price is $227.30 and its two-hundred day moving average price is $229.76. The company has a market capitalization of $62.81 billion, a P/E ratio of 19.24, a P/E/G ratio of 1.83 and a beta of 0.86.

General Dynamics (NYSE:GDGet Rating) last issued its earnings results on Wednesday, July 27th. The aerospace company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.72 by $0.03. General Dynamics had a net margin of 8.61% and a return on equity of 19.25%. The company had revenue of $9.19 billion for the quarter, compared to the consensus estimate of $9.42 billion. During the same quarter in the previous year, the company earned $2.61 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts anticipate that General Dynamics Co. will post 12.16 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, October 7th will be paid a $1.26 dividend. The ex-dividend date is Thursday, October 6th. This represents a $5.04 annualized dividend and a dividend yield of 2.20%. General Dynamics’s dividend payout ratio is presently 42.64%.

Insider Activity

In other news, CEO Phebe N. Novakovic sold 71,461 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $227.05, for a total value of $16,225,220.05. Following the sale, the chief executive officer now owns 781,152 shares in the company, valued at approximately $177,360,561.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

General Dynamics Profile

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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 designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.

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

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