Sequoia Financial Advisors LLC Increases Stock Position in General Dynamics Corporation $GD

Sequoia Financial Advisors LLC raised its stake in shares of General Dynamics Corporation (NYSE:GD) by 4.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,429 shares of the aerospace company’s stock after purchasing an additional 2,318 shares during the period. Sequoia Financial Advisors LLC’s holdings in General Dynamics were worth $17,308,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GD. KERR FINANCIAL PLANNING Corp purchased a new stake in General Dynamics during the 3rd quarter valued at $25,000. Dagco Inc. bought a new stake in General Dynamics in the fourth quarter worth about $25,000. Whipplewood Advisors LLC boosted its holdings in General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 69 shares during the period. Burkett Financial Services LLC grew its holdings in shares of General Dynamics by 650.0% in the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 65 shares during the last quarter. Finally, Steph & Co. grew its stake in General Dynamics by 65.2% in the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 30 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other General Dynamics news, EVP Mark Lagrand Burns sold 36,480 shares of General Dynamics stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the completion of the sale, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,457,677.75. The trade was a 48.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the sale, the director directly owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 78,190 shares of company stock valued at $27,041,022 over the last three months. 1.40% of the stock is currently owned by insiders.

General Dynamics Stock Performance

GD stock traded down $0.09 during midday trading on Friday, reaching $374.51. The stock had a trading volume of 1,008,554 shares, compared to its average volume of 1,289,890. The firm has a fifty day simple moving average of $350.54 and a two-hundred day simple moving average of $349.63. General Dynamics Corporation has a 52-week low of $293.95 and a 52-week high of $380.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. The stock has a market cap of $101.28 billion, a PE ratio of 23.57, a P/E/G ratio of 2.26 and a beta of 0.34.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.43. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The business had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $12.70 billion. During the same quarter in the previous year, the business earned $3.66 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts anticipate that General Dynamics Corporation will post 16.64 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 2nd will be issued a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, July 2nd. General Dynamics’s dividend payout ratio is 40.03%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen raised shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. UBS Group upgraded General Dynamics from a “neutral” rating to a “buy” rating in a research note on Thursday, June 11th. Morgan Stanley upped their target price on General Dynamics from $410.00 to $435.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Jefferies Financial Group raised their price target on General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Citigroup cut their price objective on shares of General Dynamics from $380.00 to $364.00 and set a “neutral” rating on the stock in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $391.15.

About General Dynamics

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.