General Dynamics Corporation (NYSE:GD) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its stake in shares of General Dynamics Corporation (NYSE:GD) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,752 shares of the aerospace company’s stock after acquiring an additional 273 shares during the period. Concurrent Investment Advisors LLC’s holdings in General Dynamics were worth $4,294,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GD. GAMMA Investing LLC increased its position in shares of General Dynamics by 34,578.2% during the first quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company’s stock valued at $339,253,000 after acquiring an additional 1,241,011 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of General Dynamics during the fourth quarter valued at about $279,582,000. Raymond James Financial Inc. acquired a new stake in shares of General Dynamics during the fourth quarter valued at about $197,238,000. Vanguard Group Inc. increased its position in shares of General Dynamics by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company’s stock valued at $6,265,813,000 after acquiring an additional 706,317 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of General Dynamics by 7.4% in the fourth quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company’s stock valued at $1,774,381,000 after purchasing an additional 463,497 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 7,639 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $280.44, for a total transaction of $2,142,281.16. Following the completion of the sale, the chief executive officer owned 769,607 shares in the company, valued at approximately $215,828,587.08. The trade was a 0.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on GD shares. Argus set a $295.00 price objective on shares of General Dynamics in a report on Tuesday, May 6th. UBS Group lifted their price objective on shares of General Dynamics from $268.00 to $279.00 and gave the company a “neutral” rating in a report on Thursday, April 24th. TD Cowen lifted their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. TD Securities lifted their price objective on shares of General Dynamics from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Finally, Morgan Stanley dropped their price objective 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. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $290.24.

General Dynamics Stock Up 0.0%

Shares of NYSE:GD opened at $294.00 on Friday. The company has a market capitalization of $78.91 billion, a PE ratio of 20.39, a P/E/G ratio of 1.98 and a beta of 0.46. The company has a current ratio of 1.34, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $316.90. The firm has a 50 day simple moving average of $278.76 and a 200-day simple moving average of $268.09.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.23. The business 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%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.88 EPS. On average, equities analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.50 per share. 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 dividend payout ratio is presently 41.61%.

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.