MPS Loria Financial Planners LLC Sells 132 Shares of General Dynamics Co. (NYSE:GD)

MPS Loria Financial Planners LLC trimmed its position in shares of General Dynamics Co. (NYSE:GD) by 10.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,132 shares of the aerospace company’s stock after selling 132 shares during the period. MPS Loria Financial Planners LLC’s holdings in General Dynamics were worth $320,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GD. Norges Bank bought a new position in General Dynamics during the 4th quarter valued at about $728,284,000. Wellington Management Group LLP grew its stake in General Dynamics by 12.0% in the 3rd quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock worth $3,615,185,000 after acquiring an additional 1,755,276 shares in the last quarter. International Assets Investment Management LLC grew its stake in General Dynamics by 10,763.2% in the 4th quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock worth $239,829,000 after acquiring an additional 915,091 shares in the last quarter. 1832 Asset Management L.P. grew its stake in General Dynamics by 3,645.4% in the 4th quarter. 1832 Asset Management L.P. now owns 558,586 shares of the aerospace company’s stock worth $145,048,000 after acquiring an additional 543,672 shares in the last quarter. Finally, Junto Capital Management LP bought a new position in General Dynamics in the 4th quarter worth about $43,733,000. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research analyst reports. Citigroup upped their target price on shares of General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Wells Fargo & Company upped their target price on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Royal Bank of Canada dropped their target price on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Barclays upped their price target on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $303.24.

General Dynamics Stock Down 0.8 %

NYSE:GD traded down $2.36 during midday trading on Friday, reaching $290.14. 2,259,932 shares of the stock traded hands, compared to its average volume of 860,268. General Dynamics Co. has a 12-month low of $210.65 and a 12-month high of $302.75. The business has a 50-day moving average of $294.27 and a two-hundred day moving average of $277.90. 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 stock has a market capitalization of $79.60 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 1.65 and a beta of 0.64.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). The company had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.64 EPS. On average, equities analysts forecast that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be issued a $1.42 dividend. The ex-dividend date is Friday, July 5th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.96%. General Dynamics’s dividend payout ratio is currently 46.33%.

Insiders Place Their Bets

In other news, CFO Kimberly A. Kuryea sold 13,344 shares of the stock in a transaction 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 sale, the chief financial officer now owns 79,255 shares in the company, valued at $23,630,670.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP William A. Moss sold 21,050 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $294.85, for a total value of $6,206,592.50. Following the sale, the vice president now owns 16,624 shares in the company, valued at $4,901,586.40. The transaction was disclosed in a document filed 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 on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the sale, the chief financial officer now owns 79,255 shares in the company, valued at approximately $23,630,670.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,486 shares of company stock valued at $34,391,642. Insiders own 1.52% of the company’s stock.

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.