General Dynamics Co. (NYSE:GD) Shares Sold by New England Professional Planning Group Inc.

New England Professional Planning Group Inc. decreased its holdings in General Dynamics Co. (NYSE:GD) by 11.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,536 shares of the aerospace company’s stock after selling 200 shares during the quarter. General Dynamics comprises approximately 0.2% of New England Professional Planning Group Inc.’s portfolio, making the stock its 19th biggest holding. New England Professional Planning Group Inc.’s holdings in General Dynamics were worth $446,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new position in shares of General Dynamics in the first quarter valued at $25,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of General Dynamics in the fourth quarter valued at $25,000. Richardson Financial Services Inc. purchased a new position in shares of General Dynamics in the fourth quarter valued at $25,000. American Capital Advisory LLC purchased a new position in shares of General Dynamics in the second quarter valued at $29,000. Finally, Financial Synergies Wealth Advisors Inc. purchased a new stake in General Dynamics during the 1st quarter worth about $29,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of General Dynamics in a research report on Monday, July 29th. Robert W. Baird reaffirmed an “outperform” rating and issued a $345.00 price objective on shares of General Dynamics in a research note on Tuesday, July 2nd. Barclays lifted their price objective on General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of General Dynamics in a research note on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $315.06.

General Dynamics Stock Up 0.5 %

GD stock traded up $1.53 during mid-day trading on Friday, hitting $299.36. The stock had a trading volume of 1,033,038 shares, compared to its average volume of 947,283. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 1-year low of $214.53 and a 1-year high of $302.75. The company has a fifty day moving average of $290.64 and a 200 day moving average of $288.05. The stock has a market capitalization of $82.26 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.64 and a beta of 0.60.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.30 by ($0.04). The company had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.70 EPS. On average, equities analysts expect that General Dynamics Co. will post 14.52 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a dividend of $1.42 per share. The ex-dividend date is Friday, October 11th. This represents a $5.68 annualized dividend and a yield of 1.90%. General Dynamics’s dividend payout ratio is 46.33%.

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.