General Dynamics Corporation (NYSE:GD) Shares Purchased by Advisory Resource Group

Advisory Resource Group raised its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 7.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,200 shares of the aerospace company's stock after purchasing an additional 1,276 shares during the period. General Dynamics accounts for approximately 1.1% of Advisory Resource Group's holdings, making the stock its 25th biggest position. Advisory Resource Group's holdings in General Dynamics were worth $5,234,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GD. Rialto Wealth Management LLC lifted its stake in shares of General Dynamics by 213.8% in 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 during the period. Whipplewood Advisors LLC acquired a new stake in shares of General Dynamics in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Dynamics in the 4th quarter worth approximately $26,000. Copia Wealth Management acquired a new stake in shares of General Dynamics in the 4th quarter worth approximately $27,000. Finally, Hoey Investments Inc. acquired a new stake in shares of General Dynamics in the 4th quarter worth approximately $28,000. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Performance

Shares of GD opened at $278.35 on Thursday. The company's 50 day moving average price is $275.42 and its 200 day moving average price is $266.56. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $316.90. The company has a market capitalization of $74.71 billion, a PE ratio of 19.30, a PEG ratio of 1.89 and a beta of 0.46. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.34.

General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.43 by $0.23. The company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.88 earnings per share. Research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.16%. The ex-dividend date is Thursday, July 3rd. General Dynamics's dividend payout ratio is 41.61%.

Wall Street Analyst Weigh In

GD has been the subject of a number of research analyst reports. Argus set a $295.00 price target on shares of General Dynamics in a research note on Tuesday, May 6th. UBS Group boosted their target price on shares of General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Susquehanna boosted their target price on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a report on Wednesday, April 2nd. Cowen reiterated a "buy" rating on shares of General Dynamics in a report on Thursday, April 24th. Finally, Morgan Stanley dropped their target price on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $293.00.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 178,821 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $283.13, for a total transaction of $50,629,589.73. Following the completion of the sale, the chief executive officer now directly owns 769,607 shares of the company's stock, valued at approximately $217,898,829.91. This represents 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. 1.50% of the stock is owned by insiders.

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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