General Dynamics Co. (NYSE:GD) Stock Position Decreased by Cwm LLC

Cwm LLC cut its position in shares of General Dynamics Co. (NYSE:GDFree Report) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,755 shares of the aerospace company’s stock after selling 3,060 shares during the period. Cwm LLC’s holdings in General Dynamics were worth $21,117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GD. Rafferty Asset Management LLC raised its stake in shares of General Dynamics by 2.3% in the 3rd quarter. Rafferty Asset Management LLC now owns 38,525 shares of the aerospace company’s stock valued at $8,513,000 after acquiring an additional 871 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in General Dynamics in the 3rd quarter valued at approximately $7,376,000. Envestnet Portfolio Solutions Inc. acquired a new stake in General Dynamics in the 3rd quarter valued at approximately $4,473,000. Envestnet Asset Management Inc. grew its holdings in shares of General Dynamics by 26.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 882,199 shares of the aerospace company’s stock worth $194,939,000 after purchasing an additional 182,341 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of General Dynamics by 13.7% during the 3rd quarter. FMR LLC now owns 2,293,269 shares of the aerospace company’s stock worth $506,744,000 after purchasing an additional 275,947 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Trading Up 1.4 %

NYSE:GD traded up $4.17 during mid-day trading on Wednesday, hitting $298.00. The company had a trading volume of 748,596 shares, compared to its average volume of 768,507. General Dynamics Co. has a fifty-two week low of $209.25 and a fifty-two week high of $302.42. The business’s fifty day moving average is $292.81 and its two-hundred day moving average is $275.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. The firm has a market cap of $81.76 billion, a P/E ratio of 24.31, a P/E/G ratio of 1.68 and a beta of 0.64.

General Dynamics (NYSE:GDGet Free Report) last released its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The company had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same period in the previous year, the company posted $2.64 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts expect that General Dynamics Co. will post 14.55 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, July 5th. General Dynamics’s payout ratio is 46.33%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GD. Jefferies Financial Group raised General Dynamics from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $305.00 to $335.00 in a report on Monday, April 29th. Citigroup lifted their price objective on General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Barclays boosted their price target on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. StockNews.com lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company lifted their price objective on General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $300.63.

Check Out Our Latest Stock Analysis on General Dynamics

Insiders Place Their Bets

In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the sale, the vice president now directly owns 103,345 shares in the company, valued at $29,816,065.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the sale, the vice president now directly owns 103,345 shares in the company, valued at $29,816,065.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kimberly A. Kuryea sold 13,344 shares of the stock in a transaction dated Tuesday, May 21st. The stock was 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 owns 79,255 shares of the company’s stock, valued at $23,630,670.80. The disclosure for this sale can be found here. Insiders sold 118,486 shares of company stock worth $34,391,642 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

General Dynamics Company Profile

(Free Report)

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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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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