Krilogy Financial LLC Cuts Stake in General Dynamics Corporation $GD

Krilogy Financial LLC lowered its stake in shares of General Dynamics Corporation (NYSE:GD) by 39.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,754 shares of the aerospace company’s stock after selling 2,407 shares during the period. Krilogy Financial LLC’s holdings in General Dynamics were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in General Dynamics by 118.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock worth $567,372,000 after purchasing an additional 901,679 shares in the last quarter. Northern Trust Corp grew its position in shares of General Dynamics by 35.0% during the third quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock valued at $1,136,525,000 after purchasing an additional 863,392 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of General Dynamics by 831.1% in the third quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company’s stock worth $251,405,000 after purchasing an additional 658,081 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of General Dynamics by 6,680.8% in the fourth quarter. SG Americas Securities LLC now owns 591,488 shares of the aerospace company’s stock worth $199,130,000 after buying an additional 582,765 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of General Dynamics by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after buying an additional 528,769 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the transaction, the director owned 10,643 shares in the company, valued at $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Lagrand Burns sold 36,480 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the completion of the sale, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,457,677.75. This represents a 48.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 78,190 shares of company stock valued at $27,041,022 over the last ninety days. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company began coverage on General Dynamics in a report on Wednesday, April 1st. They set an “overweight” rating and a $400.00 price target for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $385.00 price objective on shares of General Dynamics in a report on Thursday, April 30th. Morgan Stanley increased their target price on General Dynamics from $410.00 to $435.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Finally, DA Davidson decreased their price target on shares of General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and an average target price of $388.40.

General Dynamics Trading Down 0.0%

Shares of NYSE GD opened at $344.19 on Friday. General Dynamics Corporation has a 1-year low of $286.36 and a 1-year high of $369.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.90. The business’s 50 day moving average is $341.57 and its two-hundred day moving average is $347.51. The stock has a market capitalization of $93.08 billion, a P/E ratio of 21.66, a PEG ratio of 2.13 and a beta of 0.34.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.43. The business had revenue of $13.48 billion during the quarter, compared to analyst estimates of $12.70 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the company earned $3.66 EPS. As a group, research analysts expect that General Dynamics Corporation will post 16.63 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 2nd. General Dynamics’s payout ratio is presently 40.03%.

General Dynamics Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.