852 Shares in General Dynamics Corporation $GD Acquired by Klingman & Associates LLC

Klingman & Associates LLC acquired a new position in General Dynamics Corporation (NYSE:GD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 852 shares of the aerospace company's stock, valued at approximately $248,000.

Several other institutional investors have also recently bought and sold shares of GD. Smallwood Wealth Investment Management LLC bought a new position in General Dynamics in the 1st quarter worth approximately $27,000. Quarry LP raised its position in General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company's stock worth $29,000 after purchasing an additional 94 shares during the last quarter. Abound Financial LLC bought a new position in General Dynamics in the 1st quarter worth approximately $32,000. Nova Wealth Management Inc. bought a new position in General Dynamics in the 1st quarter worth approximately $33,000. Finally, Harbor Asset Planning Inc. bought a new position in General Dynamics in the 2nd quarter worth approximately $35,000. Institutional investors own 86.14% of the company's stock.

Insiders Place Their Bets

In related news, VP Christopher J. Brady sold 8,150 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the transaction, the vice president directly owned 22,818 shares in the company, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Lagrand Burns sold 43,860 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $312.28, for a total value of $13,696,600.80. Following the transaction, the executive vice president directly owned 39,875 shares of the company's stock, valued at approximately $12,452,165. This trade represents a 52.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock worth $86,414,503 in the last three months. 1.50% of the stock is owned by corporate insiders.

General Dynamics Price Performance

Shares of GD opened at $340.73 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The stock has a 50 day simple moving average of $327.84 and a 200 day simple moving average of $300.15. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $347.37. The firm has a market capitalization of $91.65 billion, a PE ratio of 22.87, a P/E/G ratio of 2.07 and a beta of 0.47.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same period in the previous year, the firm earned $3.26 EPS. General Dynamics's quarterly revenue was up 8.9% compared to the same quarter last year. Sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. General Dynamics's payout ratio is currently 40.27%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Seaport Res Ptn raised shares of General Dynamics from a "hold" rating to a "strong-buy" rating in a report on Monday, September 29th. TD Cowen lifted their target price on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Robert W. Baird lifted their target price on shares of General Dynamics from $283.00 to $350.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wolfe Research lifted their target price on shares of General Dynamics from $360.00 to $400.00 and gave the stock an "outperform" rating in a report on Thursday, October 9th. Finally, Cowen reaffirmed a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $327.44.

About General Dynamics

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.

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