ASB Consultores LLC Sells 449 Shares of General Dynamics Co. (NYSE:GD)

ASB Consultores LLC reduced its stake in General Dynamics Co. (NYSE:GD) by 19.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,802 shares of the aerospace company’s stock after selling 449 shares during the period. ASB Consultores LLC’s holdings in General Dynamics were worth $523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Gilbert & Cook Inc. grew its holdings in General Dynamics by 5.1% in the 4th quarter. Gilbert & Cook Inc. now owns 2,509 shares of the aerospace company’s stock worth $652,000 after acquiring an additional 122 shares during the last quarter. Trexquant Investment LP raised its position in General Dynamics by 537.3% during the 4th quarter. Trexquant Investment LP now owns 9,961 shares of the aerospace company’s stock valued at $2,587,000 after purchasing an additional 8,398 shares during the last quarter. Quest Partners LLC purchased a new stake in General Dynamics in the 4th quarter worth approximately $310,000. CreativeOne Wealth LLC bought a new stake in shares of General Dynamics in the 4th quarter worth approximately $345,000. Finally, Assetmark Inc. increased its stake in shares of General Dynamics by 6.7% during the fourth quarter. Assetmark Inc. now owns 20,380 shares of the aerospace company’s stock valued at $5,292,000 after buying an additional 1,274 shares during the period. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GD. Robert W. Baird reiterated an “outperform” rating and issued a $345.00 price target on shares of General Dynamics in a report on Tuesday, July 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 target price on shares of General Dynamics in a research note on Thursday, July 25th. BTIG Research initiated coverage on General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price objective for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of General Dynamics in a research note on Monday, July 29th. Finally, Sanford C. Bernstein upped their price objective on shares of General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.06.

Insider Buying and Selling

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 stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares in the company, valued at $1,106,515.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.52% of the stock is owned by insiders.

General Dynamics Trading Up 0.8 %

NYSE:GD opened at $304.77 on Friday. The company has a 50 day simple moving average of $294.33 and a two-hundred day simple moving average of $290.74. The company has a market cap of $83.62 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 12 month low of $214.53 and a 12 month high of $309.97.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The firm had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the previous year, the business posted $2.70 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. Research analysts forecast that General Dynamics Co. will post 14.52 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s payout ratio is 46.33%.

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.