SJS Investment Consulting Inc. Sells 118 Shares of General Dynamics Co. (NYSE:GD)

SJS Investment Consulting Inc. cut its holdings in General Dynamics Co. (NYSE:GD) by 42.0% in the second quarter, HoldingsChannel reports. The firm owned 163 shares of the aerospace company’s stock after selling 118 shares during the period. SJS Investment Consulting Inc.’s holdings in General Dynamics were worth $35,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Professional Advisory Services Inc. raised its position in shares of General Dynamics by 18.9% during the second quarter. Professional Advisory Services Inc. now owns 88,493 shares of the aerospace company’s stock valued at $19,039,000 after buying an additional 14,038 shares during the last quarter. National Pension Service raised its position in shares of General Dynamics by 1.8% during the fourth quarter. National Pension Service now owns 386,851 shares of the aerospace company’s stock valued at $95,982,000 after buying an additional 6,880 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of General Dynamics during the first quarter valued at about $708,000. Accurate Wealth Management LLC raised its position in shares of General Dynamics by 7.8% during the first quarter. Accurate Wealth Management LLC now owns 2,052 shares of the aerospace company’s stock valued at $470,000 after buying an additional 149 shares during the last quarter. Finally, Financial Counselors Inc. raised its position in General Dynamics by 4.9% in the first quarter. Financial Counselors Inc. now owns 1,943 shares of the aerospace company’s stock worth $443,000 after purchasing an additional 91 shares in the last quarter. 86.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on GD. Morgan Stanley upped their price objective on shares of General Dynamics from $248.00 to $250.00 in a research note on Thursday, July 27th. Citigroup reaffirmed a “buy” rating and set a $283.00 price objective on shares of General Dynamics in a research note on Tuesday. StockNews.com started coverage on shares of General Dynamics in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company decreased their price target on shares of General Dynamics from $258.00 to $243.00 and set an “overweight” rating on the stock in a research note on Monday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $261.23.

General Dynamics Stock Down 0.8 %

Shares of General Dynamics stock traded down $1.78 on Tuesday, hitting $222.55. The company had a trading volume of 372,283 shares, compared to its average volume of 1,166,161. The firm has a market capitalization of $60.77 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.99 and a beta of 0.84. General Dynamics Co. has a twelve month low of $202.35 and a twelve month high of $256.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.39 and a quick ratio of 0.90. The stock has a 50-day moving average of $221.77 and a 200-day moving average of $219.13.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.11. The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.45 billion. General Dynamics had a net margin of 8.24% and a return on equity of 18.01%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.75 earnings per share. Research analysts predict that General Dynamics Co. will post 12.64 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics’s payout ratio is 43.35%.

Insider Buying and Selling

In related news, SVP Marguerite Amy Gilliland sold 13,500 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $225.46, for a total transaction of $3,043,710.00. Following the completion of the transaction, the senior vice president now owns 44,157 shares in the company, valued at $9,955,637.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other General Dynamics news, SVP Marguerite Amy Gilliland sold 13,500 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $225.46, for a total value of $3,043,710.00. Following the completion of the sale, the senior vice president now owns 44,157 shares in the company, valued at $9,955,637.22. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory S. Gallopoulos sold 6,500 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $225.83, for a total transaction of $1,467,895.00. Following the completion of the sale, the vice president now owns 113,319 shares of the company’s stock, valued at approximately $25,590,829.77. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,230 shares of company stock worth $12,086,716. 1.50% of the stock is owned by insiders.

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.