Capital Asset Advisory Services LLC Sells 301 Shares of General Dynamics Co. (NYSE:GD)

Capital Asset Advisory Services LLC reduced its holdings in shares of General Dynamics Co. (NYSE:GD) by 11.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,408 shares of the aerospace company’s stock after selling 301 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in General Dynamics were worth $711,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fulton Bank N.A. lifted its position in shares of General Dynamics by 1.1% during the 1st quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock worth $932,000 after buying an additional 37 shares during the last quarter. Copperwynd Financial LLC increased its holdings in General Dynamics by 3.7% in the 4th quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock worth $274,000 after purchasing an additional 38 shares in the last quarter. Woodward Diversified Capital LLC increased its holdings in General Dynamics by 2.3% in the 4th quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock worth $448,000 after purchasing an additional 39 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in General Dynamics by 16.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 287 shares of the aerospace company’s stock worth $75,000 after purchasing an additional 40 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC increased its holdings in General Dynamics by 0.4% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock worth $2,812,000 after purchasing an additional 41 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $284.50, for a total value of $14,182,325.00. Following the transaction, the chief executive officer now owns 768,977 shares in the company, valued at $218,773,956.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $284.50, for a total value of $14,182,325.00. Following the transaction, the chief executive officer now owns 768,977 shares in the company, valued at $218,773,956.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the transaction, the vice president now owns 103,345 shares in the company, valued at approximately $29,816,065.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,486 shares of company stock worth $34,391,642. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Stock Down 0.8 %

Shares of General Dynamics stock opened at $290.14 on Friday. General Dynamics Co. has a one year low of $210.65 and a one year high of $302.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87. The stock’s 50-day moving average is $294.27 and its 200 day moving average is $277.73. The firm has a market cap of $79.60 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.67 and a beta of 0.64.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($0.01). The firm had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.64 EPS. Equities research analysts anticipate that General Dynamics Co. will post 14.55 EPS for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $5.68 annualized dividend and a yield of 1.96%. General Dynamics’s payout ratio is currently 46.33%.

Wall Street Analyst Weigh In

GD has been the subject of a number of recent research reports. BTIG Research initiated coverage on General Dynamics in a report on Wednesday. They issued a “buy” rating and a $345.00 target price for the company. Susquehanna upped their target price on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a report on Friday, April 12th. StockNews.com cut General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Jefferies Financial Group raised General Dynamics from a “hold” rating to a “buy” rating and upped their target price for the stock from $305.00 to $335.00 in a report on Monday, April 29th. Finally, Barclays increased their price target on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $303.24.

General Dynamics 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.