General Dynamics Co. (NYSE:GD) Shares Sold by MCF Advisors LLC

MCF Advisors LLC decreased its position in General Dynamics Co. (NYSE:GD) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,179 shares of the aerospace company’s stock after selling 77 shares during the quarter. MCF Advisors LLC’s holdings in General Dynamics were worth $333,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GD. MeadowBrook Investment Advisors LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. bought a new position in General Dynamics during the 4th quarter worth $25,000. Financial Synergies Wealth Advisors Inc. bought a new position in General Dynamics during the 1st quarter worth $29,000. Scarborough Advisors LLC bought a new stake in General Dynamics in the fourth quarter valued at $33,000. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of General Dynamics during the fourth quarter valued at $36,000. 86.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Leon Rudy F. De sold 2,570 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $288.00, for a total value of $740,160.00. Following the transaction, the director now owns 5,518 shares in the company, valued at approximately $1,589,184. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other General Dynamics news, Director Leon Rudy F. De sold 2,570 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $288.00, for a total value of $740,160.00. Following the transaction, the director now owns 5,518 shares in the company, valued at $1,589,184. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kimberly A. Kuryea sold 13,344 shares of the business’s stock in a transaction that occurred 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 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. In the last ninety days, insiders sold 118,486 shares of company stock worth $34,391,642. 1.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on GD shares. BTIG Research started coverage on shares of General Dynamics in a report on Wednesday. They issued a “buy” rating and a $345.00 price objective on the stock. Wells Fargo & Company boosted their price objective on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Sanford C. Bernstein raised their target price on General Dynamics from $290.00 to $302.00 and gave the company a “market perform” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group lifted their target price on General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, Argus raised their price target on General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a report on Monday, April 29th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $303.24.

General Dynamics Stock Performance

Shares of NYSE GD opened at $290.14 on Friday. The stock’s fifty day simple moving average is $294.27 and its 200 day simple moving average is $277.90. The stock has a market capitalization of $79.60 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.65 and a beta of 0.64. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 52-week low of $210.65 and a 52-week high of $302.75.

General Dynamics (NYSE:GD) last posted its quarterly earnings data 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 net margin of 7.85% and a return on equity of 16.48%. General Dynamics’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.64 earnings per share. As a group, sell-side analysts forecast that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, July 5th. General Dynamics’s dividend payout ratio is currently 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.