General Dynamics Co. (NYSE:GD) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its position in General Dynamics Co. (NYSE:GD) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,686 shares of the aerospace company’s stock after selling 621 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in General Dynamics were worth $10,064,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of GD. Richardson Financial Services Inc. purchased a new stake in shares of General Dynamics in the 4th quarter valued at $25,000. Redmont Wealth Advisors LLC acquired a new position in General Dynamics during the first quarter valued at $25,000. Financial Synergies Wealth Advisors Inc. purchased a new stake in General Dynamics in the first quarter valued at $29,000. New Covenant Trust Company N.A. acquired a new stake in General Dynamics during the 1st quarter worth about $29,000. Finally, American Capital Advisory LLC purchased a new position in shares of General Dynamics during the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the transaction, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.52% of the company’s stock.

General Dynamics Stock Up 0.8 %

Shares of GD opened at $304.77 on Friday. The stock has a 50 day moving average price of $294.33 and a 200 day moving average price of $290.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. The stock has a market capitalization of $83.62 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.64 and a beta of 0.61. General Dynamics Co. has a one year low of $214.53 and a one year high of $309.97.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The business had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. General Dynamics’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the company earned $2.70 earnings per share. Equities research analysts forecast that General Dynamics Co. will post 14.52 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be given a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.86%. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Analyst Ratings Changes

Several analysts recently commented on GD shares. Robert W. Baird reaffirmed an “outperform” rating and set a $345.00 target price on shares of General Dynamics in a report on Tuesday, July 2nd. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. BTIG Research started coverage on shares of General Dynamics in a research note on Wednesday, June 26th. They issued a “buy” rating and a $345.00 target price for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of General Dynamics in a research report on Monday, July 29th. Finally, Barclays upped their price objective on shares of General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Six equities 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, General Dynamics has an average rating of “Moderate Buy” and a consensus target price of $315.06.

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.