General Dynamics Co. (NYSE:GD) Shares Sold by Weybosset Research & Management LLC

Weybosset Research & Management LLC cut its position in General Dynamics Co. (NYSE:GD) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,791 shares of the aerospace company’s stock after selling 267 shares during the quarter. General Dynamics accounts for about 4.5% of Weybosset Research & Management LLC’s portfolio, making the stock its 9th largest holding. Weybosset Research & Management LLC’s holdings in General Dynamics were worth $13,234,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new position in shares of General Dynamics in the first quarter valued at approximately $25,000. Richardson Financial Services Inc. acquired a new position in General Dynamics in the 4th quarter valued at approximately $25,000. American Capital Advisory LLC bought a new position in shares of General Dynamics during the second quarter valued at $29,000. Financial Synergies Wealth Advisors Inc. acquired a new position in shares of General Dynamics during the first quarter worth $29,000. Finally, New Covenant Trust Company N.A. bought a new stake in shares of General Dynamics in the first quarter worth $29,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

GD opened at $303.92 on Thursday. The firm’s fifty day moving average price is $296.90 and its two-hundred day moving average price is $292.72. The company has a market capitalization of $83.38 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 1.68 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80. General Dynamics Co. has a 1 year low of $214.53 and a 1 year high of $309.97.

General Dynamics (NYSE:GD) last posted its 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). The firm had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. General Dynamics’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.70 EPS. As a group, analysts anticipate that General Dynamics Co. will post 14.52 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, October 11th. General Dynamics’s payout ratio is 46.33%.

Insider Buying and Selling

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following 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 legal filing with the SEC, which is accessible through this hyperlink. 1.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on GD. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $293.00 to $345.00 in a research report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of General Dynamics in a research note on Thursday, July 25th. Robert W. Baird reaffirmed an “outperform” rating and set a $345.00 price target on shares of General Dynamics in a research report on Tuesday, July 2nd. Barclays lifted their price objective on General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company lowered General Dynamics from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $334.00 to $317.00 in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $317.41.

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.