Dakota Wealth Management Has $880,000 Position in General Dynamics Corporation (NYSE:GD)

Dakota Wealth Management decreased its position in General Dynamics Corporation (NYSE:GD - Free Report) by 33.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,228 shares of the aerospace company's stock after selling 1,608 shares during the period. Dakota Wealth Management's holdings in General Dynamics were worth $880,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Retirement Guys Formula LLC acquired a new stake in shares of General Dynamics during the first quarter worth about $1,692,000. Advisory Resource Group raised its position in shares of General Dynamics by 7.1% during the first quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock worth $5,234,000 after purchasing an additional 1,276 shares during the period. Mission Wealth Management LP raised its position in shares of General Dynamics by 18.9% during the first quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company's stock worth $4,401,000 after purchasing an additional 2,568 shares during the period. Virtu Financial LLC raised its position in shares of General Dynamics by 59.1% during the fourth quarter. Virtu Financial LLC now owns 2,929 shares of the aerospace company's stock worth $772,000 after purchasing an additional 1,088 shares during the period. Finally, Matrix Asset Advisors Inc. NY raised its position in shares of General Dynamics by 31.6% during the first quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company's stock worth $9,171,000 after purchasing an additional 8,073 shares during the period. Institutional investors own 86.14% of the company's stock.

General Dynamics Price Performance

NYSE GD traded down $0.87 during midday trading on Friday, hitting $299.22. The company had a trading volume of 1,636,135 shares, compared to its average volume of 1,402,718. The company has a market capitalization of $80.31 billion, a PE ratio of 20.75, a P/E/G ratio of 2.00 and a beta of 0.46. The company has a current ratio of 1.34, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $283.92 and a 200-day moving average price of $270.29. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.23. The firm 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 company's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.88 EPS. As a group, analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend 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 currently 41.61%.

Insider Activity at General Dynamics

In other news, CEO Phebe N. Novakovic sold 178,821 shares of the business's stock in a transaction on Friday, June 13th. The stock was 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 owned 769,607 shares of the company's stock, valued at approximately $217,898,829.91. The trade was a 18.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Argus set a $295.00 price objective on General Dynamics in a report on Tuesday, May 6th. Morgan Stanley decreased their price objective on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. TD Securities increased their price objective on General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Susquehanna raised their price target on General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research note on Wednesday, April 2nd. Finally, TD Cowen boosted their price target on General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $294.53.

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.