General Dynamics Co. (NYSE:GD) Shares Sold by Miramar Capital LLC

Miramar Capital LLC lessened its holdings in shares of General Dynamics Co. (NYSE:GD) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,650 shares of the aerospace company’s stock after selling 78 shares during the period. General Dynamics makes up approximately 2.7% of Miramar Capital LLC’s portfolio, making the stock its 23rd biggest holding. Miramar Capital LLC’s holdings in General Dynamics were worth $10,634,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. purchased a new stake in shares of General Dynamics during the 4th quarter worth approximately $25,000. Redmont Wealth Advisors LLC purchased a new stake in General Dynamics during the first quarter worth $25,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in General Dynamics in the first quarter valued at $29,000. New Covenant Trust Company N.A. purchased a new position in shares of General Dynamics in the first quarter valued at $29,000. Finally, American Capital Advisory LLC acquired a new position in shares of General Dynamics during the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research reports. Barclays increased their price objective on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of General Dynamics in a research report on Thursday, July 25th. Sanford C. Bernstein increased their target price on General Dynamics from $290.00 to $302.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of General Dynamics in a research report on Monday, July 29th. Finally, Wells Fargo & Company upped their price objective on General Dynamics from $330.00 to $334.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Six equities research 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $315.06.

General Dynamics Price Performance

GD stock opened at $302.40 on Thursday. The company has a market cap of $82.97 billion, a PE ratio of 24.67, 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. The stock has a 50-day moving average price of $293.92 and a two-hundred day moving average price of $290.64. General Dynamics Co. has a 12-month low of $214.53 and a 12-month high of $309.97.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS 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 business had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the previous year, the business posted $2.70 EPS. The company’s quarterly revenue was up 18.0% on a year-over-year basis. As a group, research analysts predict that General Dynamics Co. will post 14.52 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 1.88%. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

Insider Buying and Selling at General Dynamics

In other 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 of the company’s stock, valued at $1,106,515.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.52% of the stock is currently owned by corporate insiders.

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.