Revisor Wealth Management LLC Lowers Stake in General Dynamics Co. (NYSE:GD)

Revisor Wealth Management LLC trimmed its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 43.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,171 shares of the aerospace company's stock after selling 916 shares during the period. Revisor Wealth Management LLC's holdings in General Dynamics were worth $307,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GD. Castlekeep Investment Advisors LLC purchased a new position in shares of General Dynamics in the 4th quarter worth $279,582,000. Raymond James Financial Inc. purchased a new position in shares of General Dynamics in the 4th quarter worth $197,238,000. Vanguard Group Inc. boosted its stake in shares of General Dynamics by 3.1% in the 4th 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. Capital Research Global Investors boosted its stake in shares of 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 worth $1,774,381,000 after buying an additional 463,497 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in shares of General Dynamics by 6,387.2% in the 4th quarter. Voloridge Investment Management LLC now owns 401,236 shares of the aerospace company's stock worth $105,722,000 after buying an additional 395,051 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Price Performance

Shares of NYSE:GD traded down $5.63 during mid-day trading on Wednesday, reaching $273.60. The stock had a trading volume of 1,006,122 shares, compared to its average volume of 1,373,496. The business's 50 day moving average price is $271.63 and its 200 day moving average price is $267.75. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 1 year low of $239.20 and a 1 year high of $316.90. The company has a market cap of $73.43 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.23. The firm had revenue of $12.22 billion for the quarter, compared to analysts' expectations of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The company's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.88 earnings per share. Research analysts expect that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 11th were paid a dividend of $1.50 per share. This is a boost from General Dynamics's previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.19%. General Dynamics's dividend payout ratio is currently 41.61%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TD Securities raised their price target on General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Royal Bank of Canada dropped their price target on General Dynamics from $290.00 to $280.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 30th. Susquehanna raised their price target on General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research note on Wednesday, April 2nd. Argus set a $295.00 target price on General Dynamics in a research report on Tuesday, May 6th. Finally, Cowen reiterated a "buy" rating on shares of General Dynamics in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $293.00.

Insider Activity

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the 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 transaction, the senior vice president now owns 45,192 shares of the company's stock, valued at $12,297,195.12. This represents a 37.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company's stock.

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.