General Dynamics Corporation (NYSE:GD) Shares Purchased by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC raised its position in General Dynamics Corporation (NYSE:GD - Free Report) by 89.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,815 shares of the aerospace company's stock after purchasing an additional 2,268 shares during the period. AssuredPartners Investment Advisors LLC's holdings in General Dynamics were worth $1,312,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GD. Brighton Jones LLC grew its holdings in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock valued at $760,000 after purchasing an additional 417 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of General Dynamics by 0.7% during the fourth quarter. First Horizon Advisors Inc. now owns 6,701 shares of the aerospace company's stock valued at $1,766,000 after acquiring an additional 46 shares during the last quarter. Howard Capital Management Inc. boosted its stake in shares of General Dynamics by 5.2% during the fourth quarter. Howard Capital Management Inc. now owns 1,444 shares of the aerospace company's stock valued at $380,000 after acquiring an additional 72 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of General Dynamics during the fourth quarter valued at $2,937,000. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of General Dynamics by 3.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,356 shares of the aerospace company's stock valued at $357,000 after acquiring an additional 47 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 7,639 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $280.44, for a total transaction of $2,142,281.16. Following the completion of the sale, the chief executive officer now owns 769,607 shares in the company, valued at $215,828,587.08. This trade represents a 0.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $282.77 on Tuesday. The company has a market cap of $75.90 billion, a P/E ratio of 19.61, a PEG ratio of 1.88 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 Corporation has a one year low of $239.20 and a one year high of $316.90. The business's 50-day simple moving average is $275.66 and its 200 day simple moving average is $266.52.

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

General Dynamics Dividend Announcement

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. The ex-dividend date is Thursday, July 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 2.12%. General Dynamics's dividend payout ratio (DPR) is presently 41.61%.

Wall Street Analyst Weigh In

A number of research firms recently commented on GD. Susquehanna increased their price objective on General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research note on Wednesday, April 2nd. UBS Group increased their target price on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Morgan Stanley reduced their target price on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. TD Securities increased their target price on General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, Citigroup reduced their target price on General Dynamics from $335.00 to $330.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $293.00.

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.

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