General Dynamics Corporation $GD Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV decreased its holdings in General Dynamics Corporation (NYSE:GD) by 87.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,168 shares of the aerospace company’s stock after selling 21,792 shares during the period. Resources Management Corp CT ADV’s holdings in General Dynamics were worth $1,067,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. WASHINGTON TRUST Co raised its holdings in General Dynamics by 453.3% in the 3rd quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock valued at $3,212,000 after acquiring an additional 7,716 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of General Dynamics by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock valued at $8,338,169,000 after buying an additional 528,769 shares during the period. Modern Wealth Management LLC grew its stake in shares of General Dynamics by 114.7% in the 3rd quarter. Modern Wealth Management LLC now owns 6,124 shares of the aerospace company’s stock valued at $2,088,000 after buying an additional 3,271 shares during the period. Jain Global LLC grew its stake in shares of General Dynamics by 97.8% in the 3rd quarter. Jain Global LLC now owns 169,305 shares of the aerospace company’s stock valued at $57,733,000 after buying an additional 83,692 shares during the period. Finally, M&T Bank Corp grew its stake in shares of General Dynamics by 155.6% in the 4th quarter. M&T Bank Corp now owns 104,773 shares of the aerospace company’s stock valued at $35,273,000 after buying an additional 63,781 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

In other General Dynamics news, EVP Mark Lagrand Burns sold 36,480 shares of General Dynamics stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total value of $12,596,179.20. Following the transaction, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,457,677.75. The trade was a 48.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Trading Down 0.1%

NYSE GD opened at $359.92 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. The firm has a market cap of $97.33 billion, a PE ratio of 22.65, a P/E/G ratio of 2.23 and a beta of 0.34. General Dynamics Corporation has a one year low of $275.49 and a one year high of $369.70. The firm’s fifty day moving average is $340.32 and its two-hundred day moving average is $346.65.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. The company had revenue of $13.48 billion for the quarter, compared to analyst estimates of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. General Dynamics’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.66 earnings per share. Analysts expect that General Dynamics Corporation will post 16.62 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be paid a $1.59 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 dividend on an annualized basis and a yield of 1.8%. General Dynamics’s payout ratio is currently 40.03%.

Wall Street Analyst Weigh In

GD has been the subject of several analyst reports. UBS Group raised shares of General Dynamics from a “neutral” rating to a “buy” rating in a research note on Thursday. Argus increased their price target on shares of General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. The Goldman Sachs Group decreased their price target on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research report on Monday, May 4th. DA Davidson decreased their price target on shares of General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $388.40.

About General Dynamics

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.