Catalyst Financial Partners LLC Makes New $488,000 Investment in General Dynamics Corporation (NYSE:GD)

Catalyst Financial Partners LLC acquired 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,792 shares of the aerospace company's stock, valued at approximately $488,000.

Other hedge funds have also made changes to their positions in the company. Retirement Guys Formula LLC acquired a new stake in General Dynamics in the 1st quarter valued at approximately $1,692,000. Advisory Resource Group grew its holdings in General Dynamics by 7.1% in the 1st quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock valued at $5,234,000 after buying an additional 1,276 shares during the last quarter. Mission Wealth Management LP grew its holdings in General Dynamics by 18.9% in the 1st quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company's stock valued at $4,401,000 after buying an additional 2,568 shares during the last quarter. Virtu Financial LLC grew its holdings in General Dynamics by 59.1% in the 4th quarter. Virtu Financial LLC now owns 2,929 shares of the aerospace company's stock valued at $772,000 after buying an additional 1,088 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY grew its holdings in General Dynamics by 31.6% in the 1st quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company's stock valued at $9,171,000 after buying an additional 8,073 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Trading Down 0.4%

Shares of NYSE GD traded down $1.30 during midday trading on Friday, hitting $298.80. The stock had a trading volume of 619,139 shares, compared to its average volume of 1,398,750. The company's 50-day simple moving average is $283.92 and its 200 day simple moving average is $270.29. The firm has a market cap of $80.20 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 2.00 and a beta of 0.46. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week 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.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.43 by $0.23. The company had revenue of $12.22 billion during the quarter, compared to analysts' expectations of $11.92 billion. General Dynamics had a return on equity of 17.82% and a net margin of 8.08%. The business's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the firm earned $2.88 EPS. Research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be paid 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 2.01%. General Dynamics's dividend payout ratio (DPR) is presently 41.61%.

Insider Activity at General Dynamics

In related news, CEO Phebe N. Novakovic sold 7,639 shares of General Dynamics stock in a transaction on Monday, June 16th. The stock was sold at an average price of $280.44, for a total transaction of $2,142,281.16. Following the completion of the sale, the chief executive officer directly owned 769,607 shares of the company's stock, valued at $215,828,587.08. The trade was a 0.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on GD. Wells Fargo & Company reduced their price objective on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley reduced their price objective on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Cowen reiterated a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. Citigroup reiterated a "buy" rating and issued a $348.00 price objective (up previously from $330.00) on shares of General Dynamics in a research report on Monday. Finally, UBS Group raised their target price on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $294.53.

General Dynamics Company 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.