939 Shares in General Dynamics Corporation (NYSE:GD) Purchased by Inscription Capital LLC

Inscription Capital LLC acquired a new position in shares of General Dynamics Corporation (NYSE:GD - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 939 shares of the aerospace company's stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GD. Capital & Planning LLC raised its holdings in General Dynamics by 9.8% during the fourth quarter. Capital & Planning LLC now owns 1,538 shares of the aerospace company's stock worth $405,000 after purchasing an additional 137 shares in the last quarter. Brighton Jones LLC raised its stake in shares of General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock worth $760,000 after buying an additional 417 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of General Dynamics during the 4th quarter worth approximately $96,000. Atria Wealth Solutions Inc. lifted its holdings in shares of General Dynamics by 7.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 27,032 shares of the aerospace company's stock valued at $7,123,000 after buying an additional 1,800 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in shares of General Dynamics in the fourth quarter valued at approximately $59,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 178,821 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $283.13, for a total transaction of $50,629,589.73. Following the completion of the transaction, the chief executive officer now owns 769,607 shares of the company's stock, valued at $217,898,829.91. This represents a 18.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is owned by corporate insiders.

General Dynamics Price Performance

General Dynamics stock opened at $278.35 on Thursday. The stock has a market capitalization of $74.71 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.89 and a beta of 0.46. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 0.82. The firm's 50-day moving average is $275.42 and its two-hundred day moving average is $266.56.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. General Dynamics's revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.88 earnings per share. Equities analysts predict 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. Investors of record on Thursday, July 3rd will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, July 3rd. This represents a $6.00 annualized dividend and a yield of 2.16%. General Dynamics's dividend payout ratio (DPR) is presently 41.61%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. TD Securities increased their price objective on General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. William Blair cut shares of General Dynamics from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Cowen reissued a "buy" rating on shares of General Dynamics in a report on Thursday, April 24th. Argus set a $295.00 target price on shares of General Dynamics in a report on Tuesday, May 6th. Finally, Wells Fargo & Company decreased their price target on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, General Dynamics presently has a consensus rating of "Hold" and a consensus target price of $293.00.

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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