General Dynamics Co. (NYSE:GD) Shares Sold by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. reduced its stake in shares of General Dynamics Co. (NYSE:GD) by 26.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,934 shares of the aerospace company’s stock after selling 1,782 shares during the period. Blackhawk Capital Partners LLC.’s holdings in General Dynamics were worth $1,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in General Dynamics by 0.6% in the third quarter. Vanguard Group Inc. now owns 22,423,961 shares of the aerospace company’s stock valued at $4,955,023,000 after buying an additional 133,061 shares in the last quarter. Wellington Management Group LLP boosted its holdings in General Dynamics by 12.0% in the 3rd quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after purchasing an additional 1,755,276 shares during the last quarter. Sanders Capital LLC lifted its holdings in shares of General Dynamics by 3.7% in the 4th quarter. Sanders Capital LLC now owns 4,164,857 shares of the aerospace company’s stock worth $1,081,488,000 after acquiring an additional 147,800 shares during the last quarter. Norges Bank acquired a new position in shares of General Dynamics in the 4th quarter worth approximately $728,284,000. Finally, Northern Trust Corp lifted its holdings in shares of General Dynamics by 1.1% in the 4th quarter. Northern Trust Corp now owns 2,282,757 shares of the aerospace company’s stock worth $592,764,000 after acquiring an additional 24,395 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Price Performance

NYSE:GD traded down $1.77 during mid-day trading on Friday, hitting $281.68. 1,039,502 shares of the company’s stock traded hands, compared to its average volume of 936,272. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. The firm’s 50 day simple moving average is $294.08 and its 200 day simple moving average is $278.84. General Dynamics Co. has a 1 year low of $211.94 and a 1 year high of $302.75. The company has a market cap of $77.28 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.62 and a beta of 0.60.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). The firm had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.64 earnings per share. Sell-side analysts expect that General Dynamics Co. will post 14.56 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be given a $1.42 dividend. The ex-dividend date is Friday, July 5th. This represents a $5.68 annualized dividend and a dividend yield of 2.02%. General Dynamics’s dividend payout ratio is presently 46.33%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Robert W. Baird reaffirmed an “outperform” rating and set a $345.00 target price on shares of General Dynamics in a research note on Tuesday. Citigroup upped their target price on shares of General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Argus increased their price target 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. Wells Fargo & Company increased their price target on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, BTIG Research began coverage on shares of General Dynamics in a research note on Wednesday, June 26th. They issued a “buy” rating and a $345.00 target price for the company. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $305.56.

Insider Buying and Selling

In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of General Dynamics stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the transaction, the chief financial officer now directly owns 79,255 shares of the company’s stock, valued at $23,630,670.80. The sale was disclosed in a filing with the SEC, which is available at this link. In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of General Dynamics stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the transaction, the chief financial officer now directly owns 79,255 shares of the company’s stock, valued at $23,630,670.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Gregory S. Gallopoulos sold 13,567 shares of General Dynamics stock in a transaction that occurred on 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 sale, the vice president now owns 103,345 shares in the company, valued at approximately $29,816,065.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,486 shares of company stock valued at $34,391,642. Insiders own 1.60% of the company’s stock.

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.