KPP Advisory Services LLC Makes New $461,000 Investment in General Dynamics Corporation (NYSE:GD)

KPP Advisory Services LLC purchased a new position in General Dynamics Corporation (NYSE:GD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,693 shares of the aerospace company's stock, valued at approximately $461,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rialto Wealth Management LLC increased its holdings in General Dynamics by 213.8% in the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock valued at $25,000 after buying an additional 62 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at about $26,000. Inlight Wealth Management LLC acquired a new stake in shares of General Dynamics in the first quarter valued at about $26,000. Finally, Copia Wealth Management acquired a new stake in shares of General Dynamics in the fourth quarter valued at about $27,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Up 2.0%

Shares of NYSE:GD opened at $291.63 on Friday. The stock has a market cap of $78.27 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.92 and a beta of 0.46. The firm has a fifty day moving average price of $276.24 and a 200 day moving average price of $266.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 0.82. 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 issued its quarterly 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 net margin of 8.08% and a return on equity of 17.82%. The firm had revenue of $12.22 billion during the quarter, compared to analysts' expectations of $11.92 billion. During the same quarter in the prior year, the business earned $2.88 EPS. General Dynamics's quarterly revenue was up 13.9% compared to the same quarter last year. Sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company 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. This represents a $6.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's dividend payout ratio (DPR) is presently 41.61%.

Insider Transactions at General Dynamics

In related news, CEO Phebe N. Novakovic sold 178,821 shares of the firm's stock in a transaction dated 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 now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on GD. TD Securities boosted their price target on shares of General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Citigroup lowered their price target on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Argus set a $295.00 target price on shares of General Dynamics in a report on Tuesday, May 6th. Cowen reiterated a "buy" rating on shares of General Dynamics in a report on Wednesday. Finally, Susquehanna upped their price objective on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $290.24.

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.

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