General Dynamics Corporation (NYSE:GD) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. cut its holdings in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 6.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,099 shares of the aerospace company's stock after selling 1,199 shares during the quarter. QRG Capital Management Inc.'s holdings in General Dynamics were worth $4,933,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rialto Wealth Management LLC raised its position in General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after buying an additional 62 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $26,000. Copia Wealth Management acquired a new stake in General Dynamics in the 4th quarter valued at $27,000. Finally, Hoey Investments Inc. acquired a new stake in General Dynamics in the 4th quarter valued at $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 178,821 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $283.13, for a total value of $50,629,589.73. Following the sale, the chief executive officer now directly owns 769,607 shares in the company, valued at $217,898,829.91. This trade represents a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.50% of the company's stock.

General Dynamics Trading Down 0.0%

NYSE GD traded down $0.07 during trading on Friday, hitting $278.46. The stock had a trading volume of 1,518,679 shares, compared to its average volume of 1,389,593. The company has a market capitalization of $74.74 billion, a PE ratio of 19.31, a PEG ratio of 1.88 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. The firm has a 50 day moving average price of $275.58 and a 200 day moving average price of $266.51. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, beating 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 return on equity of 17.82% and a net margin of 8.08%. General Dynamics's revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.88 EPS. As a group, equities research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on GD. Wells Fargo & Company dropped their price target on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Cowen reissued a "buy" rating on shares of General Dynamics in a research note on Thursday, April 24th. Argus set a $295.00 price target on shares of General Dynamics in a research note on Tuesday, May 6th. William Blair cut shares of General Dynamics from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Finally, UBS Group lifted their price target on shares of General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. One investment 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 data from MarketBeat.com, 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.