General Dynamics Corporation (NYSE:GD) Shares Sold by Hefty Wealth Partners

Hefty Wealth Partners decreased its stake in General Dynamics Corporation (NYSE:GD) by 14.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,968 shares of the aerospace company’s stock after selling 833 shares during the period. Hefty Wealth Partners’ holdings in General Dynamics Corporation were worth $984,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GD. Quadrant Capital Group LLC boosted its position in shares of General Dynamics Corporation by 0.7% in the first quarter. Quadrant Capital Group LLC now owns 608 shares of the aerospace company’s stock worth $108,000 after buying an additional 4 shares in the last quarter. Ruggie Capital Group acquired a new position in shares of General Dynamics Corporation during the first quarter worth about $119,000. Pinnacle Bank acquired a new position in shares of General Dynamics Corporation during the first quarter worth about $126,000. Zions Bancorporation boosted its position in shares of General Dynamics Corporation by 0.5% in the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock worth $137,000 after buying an additional 4 shares in the last quarter. Finally, Global X Management Co. LLC boosted its position in shares of General Dynamics Corporation by 59.8% in the first quarter. Global X Management Co. LLC now owns 759 shares of the aerospace company’s stock worth $142,000 after buying an additional 284 shares in the last quarter. 87.52% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Corporation (NYSE GD) traded down 0.71% during midday trading on Thursday, hitting $199.57. The stock had a trading volume of 250,607 shares. The company has a market cap of $59.83 billion, a PE ratio of 19.72 and a beta of 0.71. The stock’s 50 day moving average price is $200.07 and its 200-day moving average price is $193.56. General Dynamics Corporation has a 52 week low of $148.76 and a 52 week high of $205.90.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.30 earnings per share. Equities research analysts predict that General Dynamics Corporation will post $9.82 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be given a $0.84 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a yield of 1.67%. General Dynamics Corporation’s dividend payout ratio (DPR) is presently 34.57%.

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A number of equities analysts have issued reports on the stock. BidaskClub raised shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $220.00 target price on shares of General Dynamics Corporation in a report on Friday, June 2nd. ValuEngine raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $220.00 target price on shares of General Dynamics Corporation in a report on Friday, July 7th. Finally, Cowen and Company reissued a “buy” rating and issued a $210.00 target price on shares of General Dynamics Corporation in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. General Dynamics Corporation presently has an average rating of “Buy” and a consensus target price of $206.05.

In other General Dynamics Corporation news, Director Lester L. Lyles sold 2,551 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $196.01, for a total value of $500,021.51. Following the transaction, the director now directly owns 7,336 shares in the company, valued at $1,437,929.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Christopher Marzilli sold 43,890 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the completion of the transaction, the vice president now owns 107,857 shares in the company, valued at $21,719,164.09. The disclosure for this sale can be found here. 6.70% of the stock is owned by insiders.

General Dynamics Corporation Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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Institutional Ownership by Quarter for General Dynamics Corporation (NYSE:GD)

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