General Dynamics Co. (NYSE:GD) Shares Sold by ORG Partners LLC

ORG Partners LLC lessened its holdings in shares of General Dynamics Co. (NYSE:GD) by 77.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 677 shares of the aerospace company’s stock after selling 2,332 shares during the quarter. ORG Partners LLC’s holdings in General Dynamics were worth $205,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Kingsview Wealth Management LLC lifted its position in General Dynamics by 87.6% during the first quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock worth $4,150,000 after buying an additional 6,858 shares in the last quarter. Clearbridge Investments LLC purchased a new position in shares of General Dynamics during the 1st quarter worth $493,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of General Dynamics by 2.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 147,736 shares of the aerospace company’s stock valued at $41,734,000 after acquiring an additional 3,531 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of General Dynamics by 291.4% in the first quarter. Cetera Investment Advisers now owns 96,539 shares of the aerospace company’s stock valued at $27,271,000 after purchasing an additional 71,871 shares during the period. Finally, Peak Financial Advisors LLC acquired a new stake in General Dynamics during the third quarter worth about $3,022,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the subject of several analyst reports. Robert W. Baird reissued an “outperform” rating and issued a $345.00 price target on shares of General Dynamics in a research note on Tuesday, July 2nd. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Barclays lifted their target price on General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of General Dynamics in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Dynamics from $320.00 to $314.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $319.06.

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 that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.52% of the stock is owned by corporate insiders.

General Dynamics Stock Performance

Shares of GD stock opened at $300.29 on Wednesday. The firm has a 50 day moving average of $298.33 and a two-hundred day moving average of $293.97. The stock has a market capitalization of $82.39 billion, a PE ratio of 24.49, a P/E/G ratio of 1.67 and a beta of 0.61. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 52 week low of $232.29 and a 52 week high of $309.97.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The company had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter last year, the business posted $2.70 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, research analysts predict that General Dynamics Co. will post 14.38 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently announced 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 of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.89%. General Dynamics’s 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.