First National Trust Co Has $6.49 Million Stock Position in General Dynamics Corporation (NYSE:GD)

First National Trust Co increased its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 7.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,798 shares of the aerospace company's stock after buying an additional 1,563 shares during the quarter. First National Trust Co's holdings in General Dynamics were worth $6,487,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Rialto Wealth Management LLC boosted its stake in shares of General Dynamics by 213.8% during 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 in the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of General Dynamics during the 1st quarter worth about $26,000. Copia Wealth Management purchased a new stake in shares of General Dynamics during the 4th quarter worth about $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Dynamics during the 1st quarter worth about $27,000. Finally, Hoey Investments Inc. acquired a new position in shares of General Dynamics during the 4th quarter worth about $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on GD shares. TD Securities upped their price target on shares of General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Citigroup raised their price target on shares of General Dynamics from $348.00 to $368.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Susquehanna increased their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price objective on shares of General Dynamics and gave the stock a "market perform" rating in a research report on Monday, July 14th. Finally, TD Cowen raised their price target on shares of General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, General Dynamics currently has a consensus rating of "Hold" and a consensus price target of $315.78.

General Dynamics Stock Down 0.4%

Shares of GD stock traded down $1.16 on Friday, hitting $310.45. The stock had a trading volume of 891,100 shares, compared to its average volume of 1,490,267. The firm has a market capitalization of $83.51 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.91 and a beta of 0.46. The stock's 50 day moving average is $290.34 and its 200-day moving average is $273.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $322.50.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.26 EPS. As a group, research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $6.00 annualized dividend and a yield of 1.9%. General Dynamics's dividend payout ratio (DPR) is presently 40.27%.

Insider Buying and Selling at General Dynamics

In other news, EVP Mark Lagrand Burns sold 43,860 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the completion of the transaction, the executive vice president owned 39,875 shares in the company, valued at approximately $12,452,165. This trade represents a 52.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Leon Rudy F. De sold 5,490 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $312.81, for a total transaction of $1,717,326.90. Following the transaction, the director owned 5,483 shares of the company's stock, valued at approximately $1,715,137.23. This trade represents a 50.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 268,370 shares of company stock valued at $78,408,011. Company insiders own 1.50% of the company's stock.

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.