General Dynamics Co. (NYSE:GD) Shares Sold by LVW Advisors LLC

LVW Advisors LLC cut its holdings in shares of General Dynamics Co. (NYSE:GD) by 11.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,527 shares of the aerospace company’s stock after selling 1,470 shares during the period. LVW Advisors LLC’s holdings in General Dynamics were worth $3,256,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GD. Bank of Nova Scotia increased its position in shares of General Dynamics by 12.7% in the 3rd quarter. Bank of Nova Scotia now owns 24,522 shares of the aerospace company’s stock valued at $5,419,000 after acquiring an additional 2,755 shares during the period. Schonfeld Strategic Advisors LLC increased its position in shares of General Dynamics by 930.3% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 29,890 shares of the aerospace company’s stock valued at $6,605,000 after acquiring an additional 26,989 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of General Dynamics in the 3rd quarter valued at $16,077,000. Waverly Advisors LLC increased its position in shares of General Dynamics by 5.8% in the 3rd quarter. Waverly Advisors LLC now owns 3,192 shares of the aerospace company’s stock valued at $705,000 after acquiring an additional 175 shares during the period. Finally, Gateway Advisory LLC increased its position in shares of General Dynamics by 10.0% in the 3rd quarter. Gateway Advisory LLC now owns 1,099 shares of the aerospace company’s stock valued at $243,000 after acquiring an additional 100 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GD has been the topic of several research reports. The Goldman Sachs Group upped their target price on General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price target on shares of General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Citigroup upped their price target on shares of General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Royal Bank of Canada lowered their price target on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, Sanford C. Bernstein upped their price target on shares of General Dynamics from $290.00 to $302.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $303.24.

General Dynamics Trading Down 0.8 %

GD stock opened at $290.14 on Monday. General Dynamics Co. has a 52-week low of $210.65 and a 52-week high of $302.75. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The company’s 50-day simple moving average is $294.27 and its 200-day simple moving average is $278.06. The firm has a market cap of $79.60 billion, a P/E ratio of 23.67, a PEG ratio of 1.65 and a beta of 0.60.

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

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $5.68 annualized dividend and a dividend yield of 1.96%. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Insider Buying and Selling

In related news, CFO Kimberly A. Kuryea sold 13,344 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of the stock in a transaction dated Tuesday, May 21st. The shares were 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Leon Rudy F. De sold 2,570 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $288.00, for a total transaction of $740,160.00. Following the completion of the sale, the director now owns 5,518 shares of the company’s stock, valued at approximately $1,589,184. The disclosure for this sale can be found here. Insiders sold a total of 118,486 shares of company stock worth $34,391,642 in the last 90 days. Insiders own 1.60% of the company’s stock.

General Dynamics Company 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.