Capital Investment Advisors LLC Has $454,000 Stake in General Dynamics Corporation (GD)
Capital Investment Advisors LLC boosted its position in General Dynamics Corporation (NYSE:GD) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 2,290 shares of the aerospace company’s stock after buying an additional 43 shares during the period. Capital Investment Advisors LLC’s holdings in General Dynamics Corporation were worth $454,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of GD. Macquarie Group Ltd. raised its stake in General Dynamics Corporation by 117.9% in the fourth quarter. Macquarie Group Ltd. now owns 18,300 shares of the aerospace company’s stock worth $3,160,000 after buying an additional 9,900 shares during the period. Quadrant Capital Group LLC raised its stake in General Dynamics Corporation by 0.7% in the first quarter. Quadrant Capital Group LLC now owns 608 shares of the aerospace company’s stock worth $108,000 after buying an additional 4 shares during the period. Capstone Asset Management Co. raised its stake in General Dynamics Corporation by 9.8% in the first quarter. Capstone Asset Management Co. now owns 14,056 shares of the aerospace company’s stock worth $2,631,000 after buying an additional 1,253 shares during the period. Private Trust Co. NA raised its stake in General Dynamics Corporation by 75.3% in the first quarter. Private Trust Co. NA now owns 7,624 shares of the aerospace company’s stock worth $1,427,000 after buying an additional 3,275 shares during the period. Finally, Private Bank & Trust Co. raised its stake in General Dynamics Corporation by 0.3% in the first quarter. Private Bank & Trust Co. now owns 76,727 shares of the aerospace company’s stock worth $14,363,000 after buying an additional 233 shares during the period. 86.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of General Dynamics Corporation (GD) traded up 0.89% during midday trading on Monday, hitting $199.66. 306,246 shares of the stock were exchanged. The company has a market capitalization of $59.86 billion, a P/E ratio of 19.73 and a beta of 0.71. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $205.90. The firm has a 50-day moving average of $199.82 and a 200-day moving average of $193.74.
General Dynamics Corporation (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.43 by $0.02. The company had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. General Dynamics Corporation’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.30 earnings per share. On average, equities analysts expect that General Dynamics Corporation will post $9.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.70%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s payout ratio is 34.57%.
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A number of analysts recently weighed in on GD shares. Cowen and Company reaffirmed an “outperform” rating and set a $207.00 target price on shares of General Dynamics Corporation in a report on Monday, April 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $200.00 target price on shares of General Dynamics Corporation in a report on Tuesday, April 18th. Vetr lowered shares of General Dynamics Corporation from a “hold” rating to a “sell” rating and set a $183.78 target price on the stock. in a report on Monday, April 24th. Royal Bank Of Canada upped their target price on shares of General Dynamics Corporation from $211.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Finally, Stifel Nicolaus upped their target price on shares of General Dynamics Corporation from $173.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, April 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $206.59.
In other General Dynamics Corporation news, VP Christopher Marzilli sold 43,890 shares of General Dynamics Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the completion of the transaction, the vice president now directly owns 107,857 shares of the company’s stock, valued at $21,719,164.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lester L. Lyles sold 2,551 shares of General Dynamics Corporation stock in a transaction on Friday, May 19th. The stock was sold at an average price of $196.01, for a total transaction of $500,021.51. Following the transaction, the director now directly owns 7,336 shares of the company’s stock, valued at $1,437,929.36. The disclosure for this sale can be found here. 6.70% of the stock is owned by insiders.
About General Dynamics Corporation
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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