Hoxton Planning & Management LLC Makes New $366,000 Investment in General Dynamics Corporation (NYSE:GD)

Key Points

• Hoxton Planning & Management LLC has acquired 1,341 shares of General Dynamics Corporation, valued at approximately $366,000, during the first quarter.
• Insider trading highlighted a significant transaction where CEO Phebe N. Novakovic sold 178,821 shares, decreasing her ownership by 18.85%.
• General Dynamics recently reported a quarterly earnings per share (EPS) of $3.74, exceeding analysts' expectations and marking an 8.9% revenue increase year-over-year.

Hoxton Planning & Management LLC bought a new stake in General Dynamics Corporation (NYSE:GD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,341 shares of the aerospace company's stock, valued at approximately $366,000.

Several other large investors have also modified their holdings of the stock. Rialto Wealth Management LLC raised its position in General Dynamics by 213.8% in the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 62 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in General Dynamics in the 1st quarter valued at $26,000. Copia Wealth Management purchased a new stake in General Dynamics in the 4th quarter valued at $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in General Dynamics in the 1st quarter valued at $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in General Dynamics in the 4th quarter valued at $28,000. 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, EVP Mark Lagrand Burns sold 43,860 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the completion of the transaction, the executive vice president directly owned 39,875 shares in the company, valued at approximately $12,452,165. This trade represents a 52.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leon Rudy F. De sold 5,490 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $312.81, for a total transaction of $1,717,326.90. Following the transaction, the director owned 5,483 shares of the company's stock, valued at $1,715,137.23. This trade represents a 50.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 268,370 shares of company stock worth $78,408,011. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on GD. Citigroup upped their price target on shares of General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Argus set a $295.00 price target on shares of General Dynamics in a research report on Tuesday, May 6th. UBS Group upped their price target on shares of General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Morgan Stanley reduced their target price on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, Wolfe Research upgraded shares of General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 target price for the company in a research note on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $315.78.

General Dynamics Price Performance

Shares of GD traded down $1.16 during trading hours on Friday, reaching $310.45. The company had a trading volume of 891,124 shares, compared to its average volume of 1,277,841. The firm has a 50 day simple moving average of $291.05 and a 200-day simple moving average of $273.88. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $83.51 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.90 and a beta of 0.48. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $322.50.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $0.27. The business had revenue of $13.04 billion during the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business's revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.26 EPS. Research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current 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 issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, July 3rd. General Dynamics's dividend payout ratio (DPR) is 40.27%.

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.