Chilton Capital Management LLC Acquires 871 Shares of General Dynamics Corporation (NYSE:GD)

Chilton Capital Management LLC increased its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,250 shares of the aerospace company's stock after acquiring an additional 871 shares during the period. Chilton Capital Management LLC's holdings in General Dynamics were worth $26,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of GD. Rialto Wealth Management LLC increased its position in shares of General Dynamics by 213.8% in the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after purchasing an additional 62 shares during the last quarter. Inlight Wealth Management LLC bought a new position in shares of General Dynamics in the 1st quarter worth $26,000. Copia Wealth Management bought a new position in shares of General Dynamics in the 4th quarter worth $27,000. Smallwood Wealth Investment Management LLC bought a new position in shares of General Dynamics in the 1st quarter worth $27,000. Finally, Hoey Investments Inc. bought a new position in General Dynamics in the fourth quarter valued at $28,000. Institutional investors own 86.14% of the company's stock.

General Dynamics Trading Up 0.0%

Shares of NYSE GD traded up $0.08 during trading hours on Friday, hitting $294.00. The company's stock had a trading volume of 646,635 shares, compared to its average volume of 1,397,425. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.34. The stock has a market cap of $78.91 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.98 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 business has a 50-day simple moving average of $278.76 and a 200-day simple moving average of $268.09.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share 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 return on equity of 17.82% and a net margin of 8.08%. The business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $2.88 EPS. On average, analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's payout ratio is 41.61%.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research analyst reports. TD Cowen increased their target price on General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Argus set a $295.00 price objective on General Dynamics in a research report on Tuesday, May 6th. Cowen reiterated a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. TD Securities increased their price target on shares of General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, Wells Fargo & Company reduced their price target on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $290.24.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 7,639 shares of General Dynamics stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $280.44, for a total transaction of $2,142,281.16. Following the sale, the chief executive officer owned 769,607 shares of the company's stock, valued at approximately $215,828,587.08. The trade was a 0.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

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.