General Dynamics Co. (NYSE:GD) Shares Sold by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC decreased its holdings in shares of General Dynamics Co. (NYSE:GD) by 15.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,274 shares of the aerospace company’s stock after selling 230 shares during the quarter. AlphaStar Capital Management LLC’s holdings in General Dynamics were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GD. Callan Family Office LLC grew its position in shares of General Dynamics by 4.5% during the second quarter. Callan Family Office LLC now owns 2,143 shares of the aerospace company’s stock worth $622,000 after acquiring an additional 93 shares during the last quarter. Hyman Charles D raised its holdings in shares of General Dynamics by 18.3% during the second quarter. Hyman Charles D now owns 4,516 shares of the aerospace company’s stock valued at $1,310,000 after buying an additional 700 shares during the last quarter. St. Johns Investment Management Company LLC boosted its position in shares of General Dynamics by 9.9% during the second quarter. St. Johns Investment Management Company LLC now owns 3,641 shares of the aerospace company’s stock worth $1,056,000 after buying an additional 329 shares during the period. Verdence Capital Advisors LLC grew its holdings in General Dynamics by 6.0% in the 2nd quarter. Verdence Capital Advisors LLC now owns 8,410 shares of the aerospace company’s stock worth $2,440,000 after buying an additional 478 shares in the last quarter. Finally, Amica Mutual Insurance Co. increased its position in General Dynamics by 4.1% in the 2nd quarter. Amica Mutual Insurance Co. now owns 31,620 shares of the aerospace company’s stock valued at $9,174,000 after acquiring an additional 1,238 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Robert W. Baird reissued an “outperform” rating and issued a $345.00 price target on shares of General Dynamics in a research note on Tuesday, July 2nd. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Wells Fargo & Company upped their price target on shares of General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Jefferies Financial Group upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and raised their price objective for the company from $305.00 to $335.00 in a research note on Monday, April 29th. Finally, Barclays increased their price target on General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average target price of $315.06.

General Dynamics Stock Up 0.0 %

Shares of NYSE GD traded up $0.11 during trading hours on Tuesday, hitting $291.11. The stock had a trading volume of 150,770 shares, compared to its average volume of 1,048,800. The company has a market capitalization of $79.87 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.68 and a beta of 0.60. The firm’s 50-day moving average price is $290.84 and its two-hundred day moving average price is $287.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. General Dynamics Co. has a 52 week low of $214.53 and a 52 week high of $302.75.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The business had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.70 EPS. Analysts anticipate that General Dynamics Co. will post 14.5 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is 46.33%.

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.