ORG Wealth Partners LLC Sells 1,460 Shares of General Dynamics Corporation (NYSE:GD)

ORG Wealth Partners LLC reduced its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 75.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 485 shares of the aerospace company's stock after selling 1,460 shares during the period. ORG Wealth Partners LLC's holdings in General Dynamics were worth $133,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Hickory Point Bank & Trust bought a new position in shares of General Dynamics in the 4th quarter worth about $692,000. Jones Financial Companies Lllp raised its position in shares of General Dynamics by 45.4% in the 4th quarter. Jones Financial Companies Lllp now owns 80,565 shares of the aerospace company's stock worth $21,228,000 after acquiring an additional 25,144 shares in the last quarter. U S Global Investors Inc. raised its position in shares of General Dynamics by 18.6% in the 4th quarter. U S Global Investors Inc. now owns 79,450 shares of the aerospace company's stock worth $20,934,000 after acquiring an additional 12,453 shares in the last quarter. Renasant Bank raised its position in shares of General Dynamics by 46.8% in the 4th quarter. Renasant Bank now owns 3,258 shares of the aerospace company's stock worth $858,000 after acquiring an additional 1,038 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of General Dynamics by 990.0% in the 4th quarter. Quantbot Technologies LP now owns 66,557 shares of the aerospace company's stock worth $17,537,000 after acquiring an additional 60,451 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Down 0.0%

GD stock traded down $0.07 during mid-day trading on Friday, reaching $278.46. 1,518,679 shares of the company traded hands, compared to its average volume of 1,390,783. The stock has a market cap of $74.74 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 1.87 and a beta of 0.46. The company has a quick ratio of 0.82, a current ratio of 1.34 and a debt-to-equity ratio of 0.33. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $316.90. The firm's 50 day moving average price is $275.58 and its 200 day moving average price is $266.58.

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

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a $1.50 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.15%. General Dynamics's payout ratio is presently 41.61%.

Analysts Set New Price Targets

GD has been the subject of several research analyst reports. Cowen reissued a "buy" rating on shares of General Dynamics in a research report on Thursday, April 24th. William Blair lowered General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Wells Fargo & Company lowered their price objective on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Citigroup reduced their target price on General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Argus set a $295.00 target price on General Dynamics in a research note on Tuesday, May 6th. One 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 given a strong buy rating to the stock. According to MarketBeat.com, General Dynamics has a consensus rating of "Hold" and an average price target of $293.00.

Insider Transactions at General Dynamics

In related news, CEO Phebe N. Novakovic sold 7,639 shares of General Dynamics stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $280.44, for a total value of $2,142,281.16. Following the sale, the chief executive officer now owns 769,607 shares of the company's stock, valued at approximately $215,828,587.08. The trade was a 0.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.