General Dynamics Co. (NYSE:GD) Shares Sold by Savant Capital LLC

Savant Capital LLC lessened its stake in General Dynamics Co. (NYSE:GD) by 2.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,043 shares of the aerospace company’s stock after selling 176 shares during the period. Savant Capital LLC’s holdings in General Dynamics were worth $2,043,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new stake in General Dynamics in the 1st quarter valued at approximately $25,000. Richardson Financial Services Inc. acquired a new stake in General Dynamics in the 4th quarter valued at approximately $25,000. American Capital Advisory LLC acquired a new stake in General Dynamics in the 2nd quarter valued at approximately $29,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in General Dynamics in the 1st quarter valued at approximately $29,000. Finally, New Covenant Trust Company N.A. acquired a new stake in General Dynamics in the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of GD opened at $301.56 on Tuesday. General Dynamics Co. has a 1-year low of $214.53 and a 1-year high of $303.10. The stock has a market cap of $82.86 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 1.60 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a fifty day moving average price of $291.07 and a 200 day moving average price of $289.30.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share 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 period last year, the firm earned $2.70 earnings per share. General Dynamics’s revenue was up 18.0% on a year-over-year basis. As a group, sell-side analysts anticipate that General Dynamics Co. will post 14.52 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be given a $1.42 dividend. The ex-dividend date is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.88%. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of General Dynamics in a research note on Monday, July 29th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of General Dynamics in a research note on Thursday, July 25th. Sanford C. Bernstein boosted their price target on shares of General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a research note on Thursday, May 23rd. Barclays boosted their price target on shares of General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company boosted their price target on shares of General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $315.06.

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.