General Dynamics Co. (NYSE:GD) Shares Sold by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY lessened its holdings in shares of General Dynamics Co. (NYSE:GD) by 4.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,192 shares of the aerospace company’s stock after selling 53 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in General Dynamics were worth $256,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanders Capital LLC acquired a new stake in shares of General Dynamics in the first quarter worth $630,466,000. Norges Bank acquired a new stake in General Dynamics in the 4th quarter valued at $607,393,000. Envestnet Asset Management Inc. raised its position in General Dynamics by 325.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,857,786 shares of the aerospace company’s stock valued at $155,968,000 after purchasing an additional 2,186,369 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of General Dynamics by 484.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,749,729 shares of the aerospace company’s stock worth $399,306,000 after purchasing an additional 1,450,213 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its position in shares of General Dynamics by 91,832.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,386,337 shares of the aerospace company’s stock worth $343,964,000 after buying an additional 1,384,829 shares during the period. Institutional investors and hedge funds own 86.08% of the company’s stock.

Insider Activity at General Dynamics

In other General Dynamics news, VP Gregory S. Gallopoulos sold 6,500 shares of General Dynamics stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $225.83, for a total value of $1,467,895.00. Following the completion of the transaction, the vice president now directly owns 113,319 shares in the company, valued at $25,590,829.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other General Dynamics news, CEO Phebe N. Novakovic sold 33,230 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $227.96, for a total value of $7,575,110.80. Following the completion of the transaction, the chief executive officer now owns 778,092 shares in the company, valued at approximately $177,373,852.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Gregory S. Gallopoulos sold 6,500 shares of General Dynamics stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $225.83, for a total value of $1,467,895.00. Following the sale, the vice president now directly owns 113,319 shares in the company, valued at approximately $25,590,829.77. The disclosure for this sale can be found here. Insiders sold a total of 53,230 shares of company stock valued at $12,086,716 in the last quarter. Insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 0.1 %

NYSE:GD opened at $224.33 on Tuesday. The stock has a 50-day simple moving average of $221.77 and a 200 day simple moving average of $219.13. General Dynamics Co. has a one year low of $202.35 and a one year high of $256.86. The company has a market capitalization of $61.25 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.99 and a beta of 0.84. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.90 and a current ratio of 1.39.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.11. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.45 billion. General Dynamics had a return on equity of 18.01% and a net margin of 8.24%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.75 EPS. Sell-side analysts predict that General Dynamics Co. will post 12.64 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics’s dividend payout ratio (DPR) is presently 43.35%.

Analysts Set New Price Targets

Several equities analysts recently commented on GD shares. StockNews.com started coverage on General Dynamics in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Wells Fargo & Company reduced their target price on shares of General Dynamics from $258.00 to $243.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Morgan Stanley raised their price target on shares of General Dynamics from $248.00 to $250.00 in a report on Thursday, July 27th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $261.23.

General Dynamics Company 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.