MCF Advisors LLC decreased its position in General Dynamics Co. (NYSE:GD – Free Report) 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
Check Out Our Latest Stock Analysis on GD
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 – Get Free Report) 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.
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