Capital Investment Advisors LLC Sells 1,423 Shares of General Dynamics Co. (NYSE:GD)

Capital Investment Advisors LLC lowered its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,343 shares of the aerospace company's stock after selling 1,423 shares during the period. Capital Investment Advisors LLC's holdings in General Dynamics were worth $2,274,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rialto Wealth Management LLC grew its holdings in General Dynamics by 213.8% in the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after acquiring an additional 62 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of General Dynamics in the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of General Dynamics in the 4th quarter worth about $26,000. Copia Wealth Management purchased a new stake in shares of General Dynamics in the 4th quarter worth about $27,000. Finally, Hoey Investments Inc. purchased a new stake in shares of General Dynamics in the 4th quarter worth about $28,000. Institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GD shares. Argus set a $295.00 target price on shares of General Dynamics in a research report on Tuesday, May 6th. UBS Group lifted their price target on shares of General Dynamics from $268.00 to $279.00 and gave the company a "neutral" 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 report on Friday, February 21st. BTIG Research cut shares of General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. Finally, Citigroup lowered their price target on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, General Dynamics has an average rating of "Hold" and an average price target of $293.00.

General Dynamics Stock Up 0.7%

NYSE:GD opened at $276.43 on Monday. The firm has a market cap of $74.19 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.69 and a beta of 0.46. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a fifty-two week low of $239.20 and a fifty-two week high of $316.90. The firm has a 50-day simple moving average of $272.69 and a two-hundred day simple moving average of $266.53.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. During the same period in the previous year, the business posted $2.88 earnings per share. The business's revenue for the quarter was up 13.9% on a year-over-year basis. Analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a $1.50 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.17%. General Dynamics's dividend payout ratio is presently 41.61%.

General Dynamics Profile

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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