Orion Portfolio Solutions LLC Sells 4,470 Shares of General Dynamics Co. (NYSE:GD)

Orion Portfolio Solutions LLC reduced its stake in General Dynamics Co. (NYSE:GD) by 11.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,523 shares of the aerospace company’s stock after selling 4,470 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in General Dynamics were worth $9,470,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Eudaimonia Partners LLC bought a new position in General Dynamics in the 4th quarter worth $240,000. Benjamin F. Edwards & Company Inc. raised its holdings in General Dynamics by 188.3% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 40,830 shares of the aerospace company’s stock worth $10,602,000 after purchasing an additional 26,668 shares during the period. Pacer Advisors Inc. raised its holdings in General Dynamics by 99.3% in the 4th quarter. Pacer Advisors Inc. now owns 29,045 shares of the aerospace company’s stock worth $7,542,000 after purchasing an additional 14,468 shares during the period. Principal Securities Inc. bought a new position in General Dynamics in the 4th quarter worth $1,056,000. Finally, Gladstone Capital Management LLP bought a new position in General Dynamics in the 4th quarter worth $3,869,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Trading Down 1.7 %

GD traded down $5.08 on Friday, hitting $288.19. The company had a trading volume of 973,256 shares, compared to its average volume of 1,052,075. The company has a market cap of $79.07 billion, a PE ratio of 23.51, a PEG ratio of 1.67 and a beta of 0.60. General Dynamics Co. has a 12-month low of $213.47 and a 12-month high of $302.75. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $293.32 and its 200 day simple moving average is $280.76.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.01). The company had revenue of $10.73 billion during 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 company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.64 EPS. Equities research analysts expect that General Dynamics Co. will post 14.54 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently declared 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 yield of 1.97%. General Dynamics’s dividend payout ratio is currently 46.33%.

Insider Buying and Selling

In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total value of $3,978,647.04. Following the completion of the sale, the chief financial officer now owns 79,255 shares of the company’s stock, valued at $23,630,670.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the firm’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 completion of the sale, the chief executive officer now owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kimberly A. Kuryea sold 13,344 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the sale, the chief financial officer now directly owns 79,255 shares of the company’s stock, valued at approximately $23,630,670.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,486 shares of company stock worth $34,391,642. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GD shares. Susquehanna raised their target price on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a report on Friday, April 12th. Barclays increased their price target on General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Jefferies Financial Group upgraded General Dynamics from a “hold” rating to a “buy” rating and increased their price target for the stock from $305.00 to $335.00 in a research note on Monday, April 29th. StockNews.com lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, Citigroup increased their price target on General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $307.94.

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.