OneAscent Financial Services LLC Raises Holdings in General Dynamics Corporation (NYSE:GD)

OneAscent Financial Services LLC increased its position in General Dynamics Corporation (NYSE:GD - Free Report) by 124.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,536 shares of the aerospace company's stock after buying an additional 3,065 shares during the quarter. OneAscent Financial Services LLC's holdings in General Dynamics were worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock valued at $760,000 after purchasing an additional 417 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of General Dynamics in the fourth quarter worth about $696,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of General Dynamics by 134.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,648 shares of the aerospace company's stock worth $434,000 after buying an additional 945 shares during the period. Millstone Evans Group LLC acquired a new position in General Dynamics during the 4th quarter worth approximately $33,000. Finally, Virtu Financial LLC lifted its position in General Dynamics by 59.1% during the 4th quarter. Virtu Financial LLC now owns 2,929 shares of the aerospace company's stock worth $772,000 after acquiring an additional 1,088 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 178,821 shares of General Dynamics stock in a transaction dated 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 transaction, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $217,898,829.91. The trade was a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

General Dynamics Price Performance

Shares of GD opened at $299.22 on Monday. 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 capitalization of $80.31 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 1.99 and a beta of 0.46. The business's 50-day moving average is $284.47 and its 200-day moving average is $270.65. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.43 by $0.23. The company had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. The company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $2.88 EPS. Equities research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors 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 dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's dividend payout ratio is currently 41.61%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GD shares. Wells Fargo & Company dropped their price objective 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. UBS Group upped their price objective on shares of General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Morgan Stanley cut their price target on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Cowen restated a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. Finally, TD Securities upped their target price on General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $294.53.

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.

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