Murphy Pohlad Asset Management LLC Sells 140 Shares of General Dynamics Co. (NYSE:GD)

Murphy Pohlad Asset Management LLC cut its position in General Dynamics Co. (NYSE:GD) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,430 shares of the aerospace company’s stock after selling 140 shares during the quarter. General Dynamics accounts for about 1.8% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 13th largest holding. Murphy Pohlad Asset Management LLC’s holdings in General Dynamics were worth $4,361,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GD. CWC Advisors LLC. acquired a new stake in General Dynamics in the third quarter valued at about $771,000. Kingsview Wealth Management LLC boosted its stake in General Dynamics by 87.6% in the first quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock valued at $4,150,000 after buying an additional 6,858 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in General Dynamics in the first quarter valued at about $493,000. Peak Financial Advisors LLC acquired a new stake in General Dynamics in the third quarter valued at about $3,022,000. Finally, Cetera Investment Advisers boosted its stake in 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 buying an additional 71,871 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GD. Barclays lifted their price target on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut their price target on General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research note on Friday. Sanford C. Bernstein cut their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada lifted their price target on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Susquehanna lifted their price target on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.69.

General Dynamics Trading Up 0.5 %

Shares of General Dynamics stock opened at $292.99 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. General Dynamics Co. has a 52 week low of $238.31 and a 52 week high of $313.11. The stock has a 50 day moving average price of $300.83 and a two-hundred day moving average price of $295.03. The stock has a market capitalization of $80.56 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 1.80 and a beta of 0.61.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same period last year, the business posted $3.04 EPS. The company’s revenue was up 10.4% on a year-over-year basis. As a group, equities analysts anticipate that General Dynamics Co. will post 13.97 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be paid 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 1.94%. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.52% of the company’s stock.

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.