Shelton Wealth Management LLC Has $1.55 Million Position in General Dynamics Corporation $GD

Shelton Wealth Management LLC increased its holdings in shares of General Dynamics Corporation (NYSE:GD) by 126.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,532 shares of the aerospace company’s stock after purchasing an additional 2,528 shares during the period. Shelton Wealth Management LLC’s holdings in General Dynamics were worth $1,555,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kiley Juergens Wealth Management LLC bought a new stake in shares of General Dynamics during the first quarter valued at approximately $730,000. O Domhnaill Enterprises Inc. bought a new position in shares of General Dynamics during the 1st quarter worth approximately $1,262,000. PUREfi Wealth LLC lifted its holdings in General Dynamics by 25.8% during the first quarter. PUREfi Wealth LLC now owns 1,798 shares of the aerospace company’s stock worth $617,000 after acquiring an additional 369 shares during the period. Abel Hall LLC boosted its holdings in shares of General Dynamics by 6.5% in the 1st quarter. Abel Hall LLC now owns 874 shares of the aerospace company’s stock worth $300,000 after buying an additional 53 shares during the last quarter. Finally, Bogart Wealth LLC boosted its stake in General Dynamics by 1.8% in the first quarter. Bogart Wealth LLC now owns 31,188 shares of the aerospace company’s stock valued at $10,704,000 after acquiring an additional 565 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Activity at General Dynamics

In related news, EVP Mark Lagrand Burns sold 36,480 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 38,975 shares in the company, valued at $13,457,677.75. The trade was a 48.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the transaction, the director owned 10,643 shares of the company’s stock, valued at $3,884,695. This represents a 33.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 78,190 shares of company stock valued at $27,041,022 in the last three months. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Weiss Ratings upgraded General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. DA Davidson lowered their price objective on General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. UBS Group upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating in a research report on Thursday, June 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $385.00 price target on shares of General Dynamics in a research note on Thursday, April 30th. Finally, Citigroup cut their price objective on shares of General Dynamics from $380.00 to $364.00 and set a “neutral” rating for the company in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $389.15.

General Dynamics Trading Down 0.1%

Shares of NYSE:GD traded down $0.36 on Tuesday, hitting $376.52. The company had a trading volume of 111,720 shares, compared to its average volume of 1,377,999. General Dynamics Corporation has a 1 year low of $293.95 and a 1 year high of $380.71. The firm’s 50-day simple moving average is $344.97 and its two-hundred day simple moving average is $348.40. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $101.82 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 2.31 and a beta of 0.34.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 17.41% and a net margin of 8.07%.The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.66 earnings per share. Equities analysts anticipate that General Dynamics Corporation will post 16.63 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors 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 1.7%. General Dynamics’s payout ratio is presently 40.03%.

General Dynamics Company Profile

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.