LVW Advisors LLC Trims Position in General Dynamics Co. (NYSE:GD)

LVW Advisors LLC trimmed its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 12.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,413 shares of the aerospace company's stock after selling 1,360 shares during the period. LVW Advisors LLC's holdings in General Dynamics were worth $2,566,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Life Planners purchased a new stake in General Dynamics in the 4th quarter valued at $25,000. Whipplewood Advisors LLC purchased a new stake in General Dynamics in the 4th quarter valued at $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in General Dynamics in the 4th quarter valued at $26,000. Copia Wealth Management purchased a new stake in General Dynamics in the 4th 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. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Price Performance

Shares of GD traded down $1.17 during trading hours on Thursday, reaching $273.86. 266,831 shares of the company's stock traded hands, compared to its average volume of 1,376,740. The stock has a market cap of $73.50 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm's 50 day simple moving average is $272.61 and its 200-day simple moving average is $266.82. General Dynamics Co. has a 12 month low of $239.20 and a 12 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, topping analysts' consensus estimates 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 17.10% and a net margin of 7.93%. General Dynamics's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.88 EPS. Equities analysts expect that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.19%. General Dynamics's payout ratio is currently 41.61%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the sale, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. The trade was a 37.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GD. Susquehanna raised their target price on General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research report on Wednesday, April 2nd. UBS Group raised their target price on General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating 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. Morgan Stanley decreased their target price on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Finally, Argus set a $295.00 target price on General Dynamics in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, General Dynamics has a consensus rating of "Hold" and a consensus target price of $293.00.

General Dynamics Company 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.