General Dynamics Corporation (NYSE:GD) Position Increased by Clg LLC

Clg LLC raised its holdings in shares of General Dynamics Corporation (NYSE:GD) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,015 shares of the aerospace company’s stock after purchasing an additional 79 shares during the period. Clg LLC’s holdings in General Dynamics were worth $277,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Autumn Glory Partners LLC grew its position in shares of General Dynamics by 0.8% during the first quarter. Autumn Glory Partners LLC now owns 5,437 shares of the aerospace company’s stock worth $1,482,000 after acquiring an additional 43 shares during the last quarter. Advisory Resource Group lifted its holdings in General Dynamics by 7.1% in the first quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company’s stock worth $5,234,000 after purchasing an additional 1,276 shares during the period. Global X Japan Co. Ltd. lifted its holdings in General Dynamics by 31.6% in the first quarter. Global X Japan Co. Ltd. now owns 2,273 shares of the aerospace company’s stock worth $620,000 after purchasing an additional 546 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in General Dynamics by 11.1% in the first quarter. Johnson Investment Counsel Inc. now owns 3,643 shares of the aerospace company’s stock worth $993,000 after purchasing an additional 365 shares during the period. Finally, Aspiriant LLC lifted its holdings in General Dynamics by 8.8% in the first quarter. Aspiriant LLC now owns 4,495 shares of the aerospace company’s stock worth $1,225,000 after purchasing an additional 363 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $278.35 on Thursday. The business has a fifty day moving average of $275.42 and a 200-day moving average of $266.56. The firm has a market cap of $74.71 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.89 and a beta of 0.46. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $316.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.34.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.23. The business had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.92 billion. General Dynamics had a return on equity of 17.82% and a net margin of 8.08%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.88 earnings per share. On average, equities research analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, July 3rd. General Dynamics’s dividend payout ratio (DPR) is currently 41.61%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 7,639 shares of General Dynamics stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $280.44, for a total value of $2,142,281.16. Following the transaction, the chief executive officer now owns 769,607 shares of the company’s stock, valued at approximately $215,828,587.08. The trade was a 0.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley cut their price target on shares of General Dynamics from $305.00 to $300.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Argus set a $295.00 price objective on General Dynamics in a report on Tuesday, May 6th. Susquehanna upped their target price on General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a report on Wednesday, April 2nd. Cowen reiterated a “buy” rating on shares of General Dynamics in a report on Thursday, April 24th. Finally, UBS Group upped their target price on General Dynamics from $268.00 to $279.00 and gave the company a “neutral” rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, General Dynamics presently has an average rating of “Hold” and a consensus price target of $293.00.

About General Dynamics

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.