InterOcean Capital LLC lowered its position in shares of General Dynamics Corporation (NYSE:GD) by 52.1% during the first quarter, Holdings Channel reports. The firm owned 1,080 shares of the aerospace company’s stock after selling 1,177 shares during the period. InterOcean Capital LLC’s holdings in General Dynamics Corporation were worth $202,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in shares of General Dynamics Corporation by 0.7% in the first quarter. Quadrant Capital Group LLC now owns 608 shares of the aerospace company’s stock worth $108,000 after buying an additional 4 shares during the period. Ruggie Capital Group bought a new stake in shares of General Dynamics Corporation during the first quarter worth $119,000. Pinnacle Bank bought a new stake in shares of General Dynamics Corporation during the first quarter worth $126,000. Archford Capital Strategies LLC raised its stake in shares of General Dynamics Corporation by 74.2% in the fourth quarter. Archford Capital Strategies LLC now owns 810 shares of the aerospace company’s stock worth $139,000 after buying an additional 345 shares during the period. Finally, Central Bank & Trust Co. raised its stake in shares of General Dynamics Corporation by 33.9% in the first quarter. Central Bank & Trust Co. now owns 872 shares of the aerospace company’s stock worth $164,000 after buying an additional 221 shares during the period. 87.20% of the stock is currently owned by hedge funds and other institutional investors.
General Dynamics Corporation (NYSE GD) opened at 201.26 on Monday. The firm has a 50 day moving average of $199.65 and a 200-day moving average of $188.69. General Dynamics Corporation has a 12 month low of $139.10 and a 12 month high of $205.17. The firm has a market cap of $60.73 billion, a P/E ratio of 20.18 and a beta of 0.72.
General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 26th. The aerospace company reported $2.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.16. General Dynamics Corporation had a net margin of 9.66% and a return on equity of 28.22%. The firm had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.70 billion. During the same quarter last year, the business earned $2.08 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts forecast that General Dynamics Corporation will post $9.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Friday, July 7th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Wednesday, July 5th. General Dynamics Corporation’s dividend payout ratio (DPR) is 34.60%.
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Several research firms have commented on GD. Jefferies Group LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a report on Friday. BidaskClub raised shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday. Vetr lowered shares of General Dynamics Corporation from a “hold” rating to a “sell” rating and set a $170.68 price target on the stock. in a report on Monday, March 13th. Zacks Investment Research raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 price target on the stock in a report on Tuesday, June 27th. Finally, ValuEngine raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. General Dynamics Corporation presently has an average rating of “Buy” and an average price target of $200.98.
In related news, VP Christopher Marzilli sold 43,890 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total value of $8,838,129.30. Following the completion of the sale, the vice president now owns 107,857 shares in the company, valued at $21,719,164.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lester L. Lyles sold 2,551 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $196.01, for a total transaction of $500,021.51. Following the completion of the sale, the director now owns 7,336 shares of the company’s stock, valued at approximately $1,437,929.36. The disclosure for this sale can be found here. 6.70% of the stock is owned by company insiders.
General Dynamics Corporation Company Profile
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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