General Dynamics Corporation (NYSE:GD) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its position in shares of General Dynamics Corporation (NYSE:GD) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,382 shares of the aerospace company’s stock after selling 172 shares during the period. International Assets Investment Management LLC’s holdings in General Dynamics were worth $922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 1858 Wealth Management LLC raised its stake in shares of General Dynamics by 1.2% in the 1st quarter. 1858 Wealth Management LLC now owns 3,224 shares of the aerospace company’s stock valued at $879,000 after acquiring an additional 38 shares during the period. Keystone Financial Services increased its holdings in General Dynamics by 1.6% in the 1st quarter. Keystone Financial Services now owns 2,421 shares of the aerospace company’s stock valued at $660,000 after purchasing an additional 38 shares in the last quarter. Thrive Wealth Management LLC raised its position in General Dynamics by 2.1% in the first quarter. Thrive Wealth Management LLC now owns 2,002 shares of the aerospace company’s stock valued at $546,000 after purchasing an additional 41 shares during the period. Austin Wealth Management LLC lifted its stake in shares of General Dynamics by 5.4% during the fourth quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company’s stock worth $220,000 after purchasing an additional 42 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of General Dynamics by 35.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company’s stock worth $43,000 after buying an additional 43 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 7,639 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $280.44, for a total transaction of $2,142,281.16. Following the sale, the chief executive officer now directly owns 769,607 shares in the company, valued at approximately $215,828,587.08. This represents a 0.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. TD Securities raised their target price on General Dynamics from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Morgan Stanley dropped their price objective on shares of General Dynamics from $305.00 to $300.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Citigroup decreased their target price on shares of General Dynamics from $335.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. UBS Group raised their price target on shares of General Dynamics from $268.00 to $279.00 and gave the company a “neutral” rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company cut their price objective on shares of General Dynamics from $261.00 to $236.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, General Dynamics has an average rating of “Hold” and a consensus target price of $293.28.

General Dynamics Price Performance

Shares of NYSE GD opened at $286.07 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $76.78 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.89 and a beta of 0.46. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $316.90. The business has a 50 day simple moving average of $275.93 and a 200-day simple moving average of $266.76.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.23. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. During the same quarter in the previous year, the firm earned $2.88 earnings per share. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a $1.50 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 2.10%. General Dynamics’s dividend payout ratio is currently 41.61%.

General Dynamics 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.