Financial Partners Group LLC Sells 1,588 Shares of General Dynamics Corporation (NYSE:GD)

Financial Partners Group LLC trimmed its holdings in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 30.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,638 shares of the aerospace company's stock after selling 1,588 shares during the quarter. Financial Partners Group LLC's holdings in General Dynamics were worth $992,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GD. Capital & Planning LLC grew its position in shares of General Dynamics by 9.8% during the 4th quarter. Capital & Planning LLC now owns 1,538 shares of the aerospace company's stock worth $405,000 after buying an additional 137 shares in the last quarter. Brighton Jones LLC grew its holdings in General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock worth $760,000 after acquiring an additional 417 shares in the last quarter. V Square Quantitative Management LLC increased its position in General Dynamics by 17.9% during the 4th quarter. V Square Quantitative Management LLC now owns 843 shares of the aerospace company's stock valued at $222,000 after purchasing an additional 128 shares during the period. Congress Asset Management Co. bought a new stake in shares of General Dynamics in the 4th quarter valued at about $1,218,000. Finally, Principal Securities Inc. lifted its position in shares of General Dynamics by 37.6% in the 4th quarter. Principal Securities Inc. now owns 8,166 shares of the aerospace company's stock worth $2,152,000 after purchasing an additional 2,233 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Phebe N. Novakovic sold 178,821 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 769,607 shares of the company's stock, valued at $217,898,829.91. The trade was a 18.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on GD. Argus set a $295.00 price objective on shares of General Dynamics in a report on Tuesday, May 6th. UBS Group lifted their price target on General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Susquehanna upped their price objective on General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research note on Wednesday, April 2nd. Morgan Stanley cut their target price on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, Citigroup decreased 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 analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, General Dynamics presently has an average rating of "Hold" and an average price target of $293.00.

General Dynamics Price Performance

NYSE GD opened at $281.15 on Wednesday. The company has a market cap of $75.46 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.88 and a beta of 0.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 0.82. The stock's fifty day moving average price is $275.30 and its 200 day moving average price is $266.48. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings results 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. General Dynamics had a return on equity of 17.82% and a net margin of 8.08%. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. During the same quarter in the previous year, the business earned $2.88 EPS. The company's quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's payout ratio is 41.61%.

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.

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