General Dynamics Co. (NYSE:GD) Stock Position Raised by Courier Capital LLC

Courier Capital LLC lifted its position in General Dynamics Co. (NYSE:GD) by 22.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,844 shares of the aerospace company’s stock after acquiring an additional 1,447 shares during the quarter. Courier Capital LLC’s holdings in General Dynamics were worth $2,216,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GD. Fulton Bank N.A. increased its position in General Dynamics by 1.1% in the 1st quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock valued at $932,000 after acquiring an additional 37 shares in the last quarter. Copperwynd Financial LLC grew its position in shares of General Dynamics by 3.7% during the 4th quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock worth $274,000 after buying an additional 38 shares during the period. Woodward Diversified Capital LLC grew its position in shares of General Dynamics by 2.3% during the 4th quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock worth $448,000 after buying an additional 39 shares during the period. Newbridge Financial Services Group Inc. grew its position in shares of General Dynamics by 16.2% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 287 shares of the aerospace company’s stock worth $75,000 after buying an additional 40 shares during the period. Finally, Regent Peak Wealth Advisors LLC grew its position in shares of General Dynamics by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock worth $2,812,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $288.51, for a total value of $3,914,215.17. Following the transaction, the vice president now directly owns 103,345 shares in the company, valued at $29,816,065.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the transaction, the chief executive officer now directly owns 768,977 shares in the company, valued at $218,773,956.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the completion of the transaction, the vice president now owns 103,345 shares in the company, valued at $29,816,065.95. The disclosure for this sale can be found here. Insiders have sold a total of 118,486 shares of company stock worth $34,391,642 over the last ninety days. Insiders own 1.52% of the company’s stock.

General Dynamics Stock Down 0.7 %

GD traded down $2.03 during trading on Thursday, reaching $292.50. 773,624 shares of the stock were exchanged, compared to its average volume of 1,044,919. The stock has a market cap of $80.25 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 1.68 and a beta of 0.64. General Dynamics Co. has a twelve month low of $209.25 and a twelve month high of $302.75. The stock’s 50 day moving average price is $294.10 and its two-hundred day moving average price is $277.37. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the firm posted $2.64 earnings per share. General Dynamics’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts expect that General Dynamics Co. will post 14.55 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be issued a $1.42 dividend. The ex-dividend date is Friday, July 5th. This represents a $5.68 annualized dividend and a dividend yield of 1.94%. General Dynamics’s dividend payout ratio is currently 46.33%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GD. The Goldman Sachs Group lifted their price target on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Wells Fargo & Company lifted their price target on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Argus lifted their price objective on shares of General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. JPMorgan Chase & Co. lifted their price objective on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Finally, Citigroup lifted their price objective on shares of General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.24.

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.