Sei Investments Co. reduced its position in General Dynamics Co. (NYSE:GD – Free Report) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,156 shares of the aerospace company’s stock after selling 14,179 shares during the quarter. Sei Investments Co. owned approximately 0.09% of General Dynamics worth $69,385,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the business. Gladstone Capital Management LLP acquired a new stake in General Dynamics during the 4th quarter worth approximately $3,869,000. SWP Financial LLC purchased a new position in General Dynamics in the fourth quarter valued at $227,000. Sanibel Captiva Trust Company Inc. acquired a new position in General Dynamics during the 4th quarter worth $28,107,000. Evercore Wealth Management LLC raised its position in General Dynamics by 1.5% in the 4th quarter. Evercore Wealth Management LLC now owns 5,355 shares of the aerospace company’s stock valued at $1,391,000 after purchasing an additional 78 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of General Dynamics by 7.2% in the 4th quarter. TD Asset Management Inc now owns 80,280 shares of the aerospace company’s stock valued at $20,846,000 after buying an additional 5,405 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.
Insider Transactions at General Dynamics
In other news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the transaction, the director now directly 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 available at this hyperlink. Company insiders own 1.52% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Research Report on GD
General Dynamics Stock Performance
NYSE GD opened at $306.87 on Friday. The firm has a market cap of $84.19 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.64 and a beta of 0.61. General Dynamics Co. has a 52-week low of $214.53 and a 52-week high of $309.97. The business’s 50-day moving average price is $294.79 and its 200 day moving average price is $291.09. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33.
General Dynamics (NYSE:GD – Get Free Report) last announced its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing the consensus estimate of $3.30 by ($0.04). General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The company had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter last year, the business posted $2.70 earnings per share. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, equities research analysts expect that General Dynamics Co. will post 14.52 earnings per share for the current year.
General Dynamics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.85%. General Dynamics’s payout ratio is currently 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.
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