General Dynamics Co. (NYSE:GD) Shares Sold by Fiduciary Financial Services of The Southwest Inc. TX

Fiduciary Financial Services of The Southwest Inc. TX cut its holdings in General Dynamics Co. (NYSE:GD) by 4.3% during the second quarter, HoldingsChannel reports. The fund owned 17,180 shares of the aerospace company’s stock after selling 772 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in General Dynamics were worth $3,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Archford Capital Strategies LLC lifted its stake in General Dynamics by 3.4% during the second quarter. Archford Capital Strategies LLC now owns 1,696 shares of the aerospace company’s stock worth $308,000 after purchasing an additional 56 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in General Dynamics by 10.2% during the first quarter. Capital Investment Advisory Services LLC now owns 657 shares of the aerospace company’s stock worth $111,000 after purchasing an additional 61 shares in the last quarter. Weatherstone Capital Management lifted its stake in General Dynamics by 2.9% during the first quarter. Weatherstone Capital Management now owns 2,224 shares of the aerospace company’s stock worth $376,000 after purchasing an additional 63 shares in the last quarter. National Asset Management Inc. lifted its stake in General Dynamics by 2.1% during the first quarter. National Asset Management Inc. now owns 3,029 shares of the aerospace company’s stock worth $513,000 after purchasing an additional 63 shares in the last quarter. Finally, Carroll Financial Associates Inc. lifted its stake in General Dynamics by 4.6% during the second quarter. Carroll Financial Associates Inc. now owns 1,494 shares of the aerospace company’s stock worth $271,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 86.79% of the company’s stock.

A number of research firms have commented on GD. Cowen restated a “buy” rating and set a $202.00 price target on shares of General Dynamics in a research note on Wednesday, April 24th. JPMorgan Chase & Co. upgraded General Dynamics from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $188.00 to $200.00 in a research note on Thursday, April 25th. They noted that the move was a valuation call. Morgan Stanley upped their price target on General Dynamics from $170.00 to $171.00 and gave the stock an “underweight” rating in a research note on Friday, June 14th. UBS Group upped their price target on General Dynamics from $175.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Robert W. Baird upped their price target on General Dynamics from $188.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $191.35.

General Dynamics stock opened at $184.10 on Friday. General Dynamics Co. has a twelve month low of $143.87 and a twelve month high of $207.72. The stock’s fifty day moving average is $183.08. The company has a quick ratio of 0.73, a current ratio of 1.09 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $52.24 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 1.75 and a beta of 1.21.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.09. General Dynamics had a return on equity of 26.81% and a net margin of 8.65%. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.36 billion. During the same quarter in the prior year, the company earned $2.82 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts expect that General Dynamics Co. will post 11.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Thursday, October 10th. General Dynamics’s dividend payout ratio is currently 35.73%.

In related news, Director William A. Osborn sold 1,500 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $182.56, for a total value of $273,840.00. Following the transaction, the director now owns 37,585 shares of the company’s stock, valued at $6,861,517.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gary L. Whited sold 14,029 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $188.38, for a total value of $2,642,783.02. Following the completion of the transaction, the vice president now directly owns 37,542 shares in the company, valued at approximately $7,072,161.96. The disclosure for this sale can be found here. 7.10% 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 in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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