Chilton Capital Management LLC Buys 871 Shares of General Dynamics Corporation (NYSE:GD)

Chilton Capital Management LLC increased its holdings in General Dynamics Corporation (NYSE:GD) by 0.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,250 shares of the aerospace company’s stock after purchasing an additional 871 shares during the period. Chilton Capital Management LLC’s holdings in General Dynamics were worth $26,236,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GD. Brighton Jones LLC boosted its stake in shares of General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after purchasing an additional 417 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of General Dynamics by 35.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 43 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of General Dynamics in the 4th quarter valued at $49,935,000. Raymond James Financial Inc. purchased a new stake in shares of General Dynamics in the 4th quarter valued at $197,238,000. Finally, Vestmark Advisory Solutions Inc. boosted its stake in shares of General Dynamics by 43.5% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 3,571 shares of the aerospace company’s stock valued at $941,000 after purchasing an additional 1,083 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

GD stock opened at $294.00 on Friday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $316.90. The company has a market cap of $78.91 billion, a P/E ratio of 20.39, a PEG ratio of 1.98 and a beta of 0.46. The firm has a 50-day moving average of $278.76 and a 200 day moving average of $268.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 0.82.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.23. The company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. General Dynamics’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.88 earnings per share. On average, sell-side analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be paid a $1.50 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $6.00 annualized dividend and a dividend yield of 2.04%. General Dynamics’s payout ratio is 41.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. TD Securities increased their price target on shares of General Dynamics from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Citigroup dropped their price target on shares of General Dynamics from $335.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Argus set a $295.00 price target on shares of General Dynamics in a research report on Tuesday, May 6th. Wells Fargo & Company dropped their price target on shares of General Dynamics from $261.00 to $236.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen increased their price target on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $290.24.

Insider Activity

In related news, CEO Phebe N. Novakovic sold 178,821 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $283.13, for a total value of $50,629,589.73. Following the completion of the transaction, the chief executive officer directly owned 769,607 shares in the company, valued at $217,898,829.91. This trade represents a 18.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

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.