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927 Shares in General Dynamics Corporation (NYSE:GD) Bought by Advisor OS LLC

General Dynamics logo with Aerospace background

Key Points

  • Advisor OS LLC has acquired 927 shares of General Dynamics Corporation (NYSE:GD), valued at approximately $253,000, during the 1st quarter.
  • Research firms have updated their ratings and price targets for General Dynamics, with Citigroup raising its target from $348 to $368 and maintaining a "buy" rating.
  • General Dynamics reported an EPS of $3.74 for the latest quarter, exceeding analyst estimates and showing an 8.9% increase in quarterly revenue compared to the previous year.
  • Five stocks we like better than General Dynamics.
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Advisor OS LLC bought a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 927 shares of the aerospace company's stock, valued at approximately $253,000.

A number of other hedge funds have also recently modified their holdings of GD. Kovack Advisors Inc. raised its position in shares of General Dynamics by 8.4% in the 1st quarter. Kovack Advisors Inc. now owns 2,292 shares of the aerospace company's stock worth $625,000 after purchasing an additional 178 shares during the last quarter. Argonautica Private Wealth Management Inc. raised its position in General Dynamics by 0.6% in the 1st quarter. Argonautica Private Wealth Management Inc. now owns 10,406 shares of the aerospace company's stock worth $2,837,000 after buying an additional 62 shares during the last quarter. Machina Capital S.A.S. raised its position in General Dynamics by 497.2% in the 1st quarter. Machina Capital S.A.S. now owns 6,766 shares of the aerospace company's stock worth $1,844,000 after buying an additional 5,633 shares during the last quarter. Unison Advisors LLC raised its position in General Dynamics by 0.5% in the 1st quarter. Unison Advisors LLC now owns 17,015 shares of the aerospace company's stock worth $4,638,000 after buying an additional 88 shares during the last quarter. Finally, Hendershot Investments Inc. raised its position in General Dynamics by 64.0% in the 1st quarter. Hendershot Investments Inc. now owns 63,237 shares of the aerospace company's stock worth $17,237,000 after buying an additional 24,681 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised General Dynamics from a "hold" rating to a "buy" rating and boosted their target price for the stock from $298.00 to $342.00 in a research report on Tuesday, July 8th. Susquehanna upped their price target on shares of General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research report on Thursday. TD Cowen upped their price target on shares of General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the company a "hold" rating in a research report on Wednesday, July 9th. Finally, Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $312.17.

Get Our Latest Research Report on GD

Insider Activity at General Dynamics

In related news, CEO Phebe N. Novakovic sold 178,821 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $283.13, for a total value of $50,629,589.73. Following the completion of the sale, the chief executive officer directly owned 769,607 shares in the company, valued at $217,898,829.91. This trade represents a 18.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.50% of the company's stock.

General Dynamics Price Performance

Shares of NYSE GD traded down $0.33 during midday trading on Friday, reaching $313.92. 1,218,137 shares of the stock traded hands, compared to its average volume of 1,276,632. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.82. The stock has a market capitalization of $84.44 billion, a PE ratio of 21.07, a P/E/G ratio of 2.06 and a beta of 0.46. General Dynamics Corporation has a one year low of $239.20 and a one year high of $322.50. The company's 50 day moving average is $287.67 and its 200 day moving average is $272.23.

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

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.91%. General Dynamics's dividend payout ratio is currently 40.27%.

General Dynamics Company Profile

(Free Report)

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

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