Revisor Wealth Management LLC Purchases 990 Shares of General Dynamics Corporation (NYSE:GD)

Revisor Wealth Management LLC grew its position in General Dynamics Corporation (NYSE:GD - Free Report) by 84.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,161 shares of the aerospace company's stock after purchasing an additional 990 shares during the quarter. Revisor Wealth Management LLC's holdings in General Dynamics were worth $589,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC grew its position in General Dynamics by 34,578.2% in the 1st quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company's stock valued at $339,253,000 after purchasing an additional 1,241,011 shares during the period. Castlekeep Investment Advisors LLC bought a new position in General Dynamics in the 4th quarter valued at $279,582,000. Raymond James Financial Inc. bought a new position in shares of General Dynamics during the 4th quarter valued at approximately $197,238,000. Vanguard Group Inc. increased its position in General Dynamics by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock worth $6,265,813,000 after buying an additional 706,317 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in General Dynamics by 7.4% in the 4th quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company's stock valued at $1,774,381,000 after acquiring an additional 463,497 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Performance

GD traded up $0.08 during mid-day trading on Friday, reaching $294.00. 646,635 shares of the company traded hands, compared to its average volume of 1,395,994. The stock has a market capitalization of $78.91 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.98 and a beta of 0.46. The company has a quick ratio of 0.82, a current ratio of 1.34 and a debt-to-equity ratio of 0.33. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $316.90. The company's fifty day moving average price is $278.32 and its 200-day moving average price is $267.85.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.23. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. The company's quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm earned $2.88 earnings per share. On average, sell-side analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $6.00 annualized dividend and a dividend yield of 2.04%. General Dynamics's payout ratio is 41.61%.

Analysts Set New Price Targets

Several research firms have issued reports on GD. UBS Group increased their target price on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Wells Fargo & Company decreased their price target on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley decreased their price objective on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Citigroup cut their price target on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, TD Securities raised their target price on shares of General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $290.24.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 178,821 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 769,607 shares in the company, valued at $217,898,829.91. This represents a 18.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is owned by insiders.

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.