General Dynamics Co. (NYSE:GD) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in General Dynamics Co. (NYSE:GD) by 39.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,135 shares of the aerospace company’s stock after selling 12,506 shares during the period. SG Americas Securities LLC’s holdings in General Dynamics were worth $5,783,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gladstone Capital Management LLP acquired a new position in shares of General Dynamics during the fourth quarter worth approximately $3,869,000. SWP Financial LLC bought a new stake in shares of General Dynamics in the 4th quarter worth $227,000. Sanibel Captiva Trust Company Inc. acquired a new stake in shares of General Dynamics in the fourth quarter valued at $28,107,000. Evercore Wealth Management LLC grew its holdings in General Dynamics by 1.5% during the fourth quarter. Evercore Wealth Management LLC now owns 5,355 shares of the aerospace company’s stock worth $1,391,000 after acquiring an additional 78 shares during the period. Finally, Kingsview Wealth Management LLC raised its position in General Dynamics by 87.6% in the first quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock worth $4,150,000 after acquiring an additional 6,858 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Performance

Shares of NYSE GD opened at $300.66 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $297.27 and its two-hundred day moving average is $293.02. The company has a market cap of $82.49 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.68 and a beta of 0.61. General Dynamics Co. has a 12 month low of $214.53 and a 12 month high of $309.97.

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

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s payout ratio is presently 46.33%.

Insider Transactions at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction on Monday, September 16th. The stock was 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.52% of the stock is owned by insiders.

Analysts Set New Price Targets

GD has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price objective on shares of General Dynamics in a research note on Thursday, July 25th. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Robert W. Baird reiterated an “outperform” rating and issued a $345.00 target price on shares of General Dynamics in a report on Tuesday, July 2nd. Barclays boosted their price target on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company lowered shares of General Dynamics from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $334.00 to $317.00 in a research note on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $317.06.

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.