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

Valeo Financial Advisors LLC decreased its position in shares of General Dynamics Co. (NYSE:GD) by 8.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,305 shares of the aerospace company’s stock after selling 656 shares during the quarter. Valeo Financial Advisors LLC’s holdings in General Dynamics were worth $2,064,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of General Dynamics during the fourth quarter valued at about $728,284,000. Wellington Management Group LLP raised its stake in shares of General Dynamics by 12.0% during the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after purchasing an additional 1,755,276 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of General Dynamics by 10,763.2% during the fourth quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock valued at $239,829,000 after purchasing an additional 915,091 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of General Dynamics by 3,645.4% during the fourth quarter. 1832 Asset Management L.P. now owns 558,586 shares of the aerospace company’s stock valued at $145,048,000 after purchasing an additional 543,672 shares in the last quarter. Finally, Junto Capital Management LP bought a new stake in shares of General Dynamics during the fourth quarter valued at about $43,733,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In related news, VP Gregory S. Gallopoulos sold 13,567 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the sale, the vice president now owns 103,345 shares of the company’s stock, valued at approximately $29,816,065.95. The sale was disclosed in a document filed with the SEC, which is available at this link. In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the company’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 transaction of $14,182,325.00. Following the completion of the sale, the chief executive officer now owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $288.51, for a total value of $3,914,215.17. Following the transaction, the vice president now owns 103,345 shares of the company’s stock, valued at $29,816,065.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,486 shares of company stock valued at $34,391,642. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GD shares. BTIG Research started coverage on shares of General Dynamics in a research note on Wednesday, June 26th. They set a “buy” rating and a $345.00 price objective on the stock. StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. The Goldman Sachs Group boosted their price target on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price target on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Susquehanna boosted their price target on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.56.

General Dynamics Trading Down 0.3 %

NYSE:GD opened at $284.87 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87. General Dynamics Co. has a fifty-two week low of $211.94 and a fifty-two week high of $302.75. The stock’s 50-day moving average is $294.07 and its two-hundred day moving average is $278.55. The stock has a market cap of $78.16 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.63 and a beta of 0.60.

General Dynamics (NYSE:GD) last released its 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 net margin of 7.85% and a return on equity of 16.48%. The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same period last year, the firm earned $2.64 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that General Dynamics Co. will post 14.56 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be paid a $1.42 dividend. The ex-dividend date is Friday, July 5th. This represents a $5.68 annualized dividend and a dividend yield of 1.99%. 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.