General Dynamics Corporation (NYSE:GD) Shares Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC boosted its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 215.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,672 shares of the aerospace company's stock after purchasing an additional 3,192 shares during the period. Ameritas Advisory Services LLC's holdings in General Dynamics were worth $1,266,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GD. Rialto Wealth Management LLC increased 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 purchasing an additional 62 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Dynamics in the fourth quarter worth about $26,000. Inlight Wealth Management LLC purchased a new stake in shares of General Dynamics during the 1st quarter worth approximately $26,000. Copia Wealth Management bought a new position in General Dynamics during the fourth quarter valued at $27,000. Finally, Hoey Investments Inc. bought a new position in shares of General Dynamics in the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 178,821 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $283.13, for a total value of $50,629,589.73. Following the completion of the sale, the chief executive officer owned 769,607 shares of the company's stock, valued at $217,898,829.91. This represents a 18.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on GD. TD Securities lifted their price objective on shares of General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Wells Fargo & Company cut their price objective on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Argus set a $295.00 target price on shares of General Dynamics in a research note on Tuesday, May 6th. TD Cowen raised their price target on General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, Cowen reiterated a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of "Hold" and an average target price of $290.24.

General Dynamics Price Performance

Shares of NYSE:GD traded up $1.92 during midday trading on Thursday, reaching $294.34. 202,357 shares of the company's stock traded hands, compared to its average volume of 1,391,352. The company has a market cap of $79.00 billion, a P/E ratio of 20.41, a PEG ratio of 1.98 and a beta of 0.46. The company has a fifty day simple moving average of $277.88 and a two-hundred day simple moving average of $267.66. 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 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 data 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 analyst estimates of $11.92 billion. General Dynamics had a return on equity of 17.82% and a net margin of 8.08%. General Dynamics's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.88 EPS. Equities analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, July 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 2.04%. 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.