General Dynamics Co. (NYSE:GD) Shares Sold by RFG Advisory LLC

RFG Advisory LLC decreased its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 79.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,137 shares of the aerospace company's stock after selling 8,110 shares during the quarter. RFG Advisory LLC's holdings in General Dynamics were worth $582,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in shares of General Dynamics by 15.3% in the fourth quarter. Empowered Funds LLC now owns 9,689 shares of the aerospace company's stock valued at $2,553,000 after acquiring an additional 1,283 shares in the last quarter. Kentucky Trust Co bought a new stake in General Dynamics during the fourth quarter worth approximately $607,000. Hickory Point Bank & Trust bought a new stake in General Dynamics during the fourth quarter worth approximately $692,000. Atlas Legacy Advisors LLC bought a new stake in General Dynamics during the fourth quarter worth approximately $550,000. Finally, Jones Financial Companies Lllp boosted its holdings in General Dynamics by 45.4% during the fourth quarter. Jones Financial Companies Lllp now owns 80,565 shares of the aerospace company's stock worth $21,228,000 after buying an additional 25,144 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Ratings Changes

GD has been the subject of several research analyst reports. Argus set a $295.00 price target on shares of General Dynamics in a research report on Tuesday, May 6th. Susquehanna upped their price target on shares of General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research report on Wednesday, April 2nd. Cowen restated a "buy" rating on shares of General Dynamics in a research report on Thursday, April 24th. Citigroup reduced 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. Finally, Morgan Stanley cut their target price on shares of 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. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $293.00.

Insider Buying and Selling at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the sale, the senior vice president now owns 45,192 shares of the company's stock, valued at $12,297,195.12. This represents a 37.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company's stock.

General Dynamics Price Performance

NYSE:GD opened at $276.43 on Friday. The company has a 50-day moving average of $272.69 and a 200-day moving average of $266.71. The company has a market capitalization of $74.19 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.69 and a beta of 0.49. General Dynamics Co. has a 52 week low of $239.20 and a 52 week high of $316.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.23. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. During the same period last year, the firm posted $2.88 EPS. The firm's quarterly revenue was up 13.9% on a year-over-year basis. As a group, equities research analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, July 3rd. General Dynamics's dividend payout ratio is currently 41.61%.

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.

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