Mutual Advisors LLC Sells 1,072 Shares of General Dynamics Corporation (NYSE:GD)

Mutual Advisors LLC trimmed its holdings in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 11.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,566 shares of the aerospace company's stock after selling 1,072 shares during the quarter. Mutual Advisors LLC's holdings in General Dynamics were worth $2,330,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock worth $760,000 after acquiring an additional 417 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in shares of General Dynamics by 35.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company's stock worth $43,000 after purchasing an additional 43 shares in the last quarter. Assetmark Inc. boosted its holdings in General Dynamics by 20.4% during the fourth quarter. Assetmark Inc. now owns 68,777 shares of the aerospace company's stock worth $18,122,000 after purchasing an additional 11,669 shares during the last quarter. Proficio Capital Partners LLC bought a new position in General Dynamics in the fourth quarter valued at $49,935,000. Finally, Raymond James Financial Inc. bought a new stake in General Dynamics during the 4th quarter worth about $197,238,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In related news, CEO Phebe N. Novakovic sold 7,639 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $280.44, for a total value of $2,142,281.16. Following the transaction, the chief executive officer owned 769,607 shares in the company, valued at approximately $215,828,587.08. This trade represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company's stock.

General Dynamics Stock Performance

NYSE GD traded up $0.08 on Friday, reaching $294.00. The stock had a trading volume of 646,635 shares, compared to its average volume of 1,395,994. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 0.82. The company has a market cap of $78.91 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 1.98 and a beta of 0.46. The firm has a fifty day moving average of $278.76 and a two-hundred day moving average of $268.05.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS 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 business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. During the same period last year, the firm earned $2.88 earnings per share. General Dynamics's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

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 issued a $1.50 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $6.00 annualized dividend and a yield of 2.04%. General Dynamics's dividend payout ratio is presently 41.61%.

Analyst Ratings Changes

GD has been the topic of several analyst reports. UBS Group upped their target price on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Argus set a $295.00 price objective on General Dynamics in a research note on Tuesday, May 6th. TD Securities raised their target price on shares of General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. TD Cowen upped their price target on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company cut their price target on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, General Dynamics presently has an average rating of "Hold" and an average price target of $290.24.

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.