Southland Equity Partners LLC Has $280,000 Stock Holdings in General Dynamics Co. (NYSE:GD)

Southland Equity Partners LLC lifted its stake in shares of General Dynamics Co. (NYSE:GD) by 7.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 992 shares of the aerospace company’s stock after buying an additional 72 shares during the quarter. Southland Equity Partners LLC’s holdings in General Dynamics were worth $280,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GD. MeadowBrook Investment Advisors LLC acquired a new stake in General Dynamics in the 4th quarter worth about $25,000. Richardson Financial Services Inc. bought a new position in General Dynamics in the 4th quarter valued at about $25,000. Scarborough Advisors LLC bought a new position in General Dynamics in the 4th quarter valued at about $33,000. Voisard Asset Management Group Inc. bought a new position in General Dynamics in the 4th quarter valued at about $36,000. Finally, Wetzel Investment Advisors Inc. bought a new position in General Dynamics in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on GD. Citigroup lifted their price target 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. Susquehanna lifted their price target on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a report on Friday, April 12th. Wells Fargo & Company lifted their price target on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Argus lifted their price target on shares of General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, Barclays boosted their target price on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $300.63.

General Dynamics Stock Performance

GD opened at $298.53 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.41. The company’s fifty day moving average price is $293.69 and its two-hundred day moving average price is $276.94. General Dynamics Co. has a 1-year low of $209.25 and a 1-year high of $302.75. The company has a market cap of $81.90 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.70 and a beta of 0.64.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business 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 company posted $2.64 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts expect that General Dynamics Co. will post 14.55 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be paid a $1.42 dividend. The ex-dividend date is Friday, July 5th. This represents a $5.68 annualized dividend and a dividend yield of 1.90%. General Dynamics’s payout ratio is 46.33%.

Insider Transactions at General Dynamics

In other news, CFO Kimberly A. Kuryea sold 13,344 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $23,630,670.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Gregory S. Gallopoulos sold 13,567 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kimberly A. Kuryea sold 13,344 shares of the stock in a transaction dated 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 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. Insiders sold a total of 118,486 shares of company stock worth $34,391,642 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

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.