Hanson McClain Inc. Sells 75 Shares of General Dynamics Co. (GD)

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Hanson McClain Inc. trimmed its holdings in shares of General Dynamics Co. (NYSE:GD) by 14.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430 shares of the aerospace company’s stock after selling 75 shares during the period. Hanson McClain Inc.’s holdings in General Dynamics were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Exeter Financial LLC boosted its holdings in shares of General Dynamics by 0.9% in the 4th quarter. Exeter Financial LLC now owns 7,105 shares of the aerospace company’s stock valued at $1,117,000 after buying an additional 61 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of General Dynamics by 10.2% in the 1st quarter. Capital Investment Advisory Services LLC now owns 657 shares of the aerospace company’s stock valued at $111,000 after buying an additional 61 shares in the last quarter. Weatherstone Capital Management boosted its holdings in shares of General Dynamics by 2.9% in the 1st quarter. Weatherstone Capital Management now owns 2,224 shares of the aerospace company’s stock valued at $376,000 after buying an additional 63 shares in the last quarter. Somerset Trust Co boosted its holdings in shares of General Dynamics by 0.5% in the 1st quarter. Somerset Trust Co now owns 13,039 shares of the aerospace company’s stock valued at $2,208,000 after buying an additional 69 shares in the last quarter. Finally, United Capital Management of KS Inc. boosted its holdings in shares of General Dynamics by 2.1% in the 1st quarter. United Capital Management of KS Inc. now owns 3,431 shares of the aerospace company’s stock valued at $620,000 after buying an additional 72 shares in the last quarter. Institutional investors own 86.41% of the company’s stock.

A number of analysts recently commented on GD shares. Zacks Investment Research cut shares of General Dynamics from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Cowen reiterated a “buy” rating on shares of General Dynamics in a research note on Wednesday, March 6th. Argus cut shares of General Dynamics from a “buy” rating to a “hold” rating and set a $170.91 target price for the company. in a research note on Thursday, January 31st. Credit Suisse Group cut shares of General Dynamics from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $190.00 to $184.00 in a research note on Friday, February 15th. Finally, ValuEngine cut shares of General Dynamics from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $197.82.

GD opened at $167.97 on Friday. General Dynamics Co. has a 12-month low of $143.87 and a 12-month high of $208.88. The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The company has a market cap of $48.45 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.61 and a beta of 1.13.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 24th. The aerospace company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.18. The firm had revenue of $9.26 billion during the quarter, compared to analyst estimates of $8.90 billion. General Dynamics had a net margin of 8.68% and a return on equity of 27.62%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.65 EPS. Analysts expect that General Dynamics Co. will post 11.74 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 12th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.43%. This is a positive change from General Dynamics’s previous quarterly dividend of $0.93. The ex-dividend date was Thursday, April 11th. General Dynamics’s payout ratio is 35.73%.

In other news, EVP John Patrick Casey sold 45,470 shares of General Dynamics stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $172.46, for a total transaction of $7,841,756.20. Following the completion of the transaction, the executive vice president now directly owns 148,133 shares of the company’s stock, valued at approximately $25,547,017.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lester L. Lyles sold 4,580 shares of General Dynamics stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $172.42, for a total transaction of $789,683.60. Following the transaction, the director now directly owns 12,314 shares of the company’s stock, valued at $2,123,179.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,690 shares of company stock valued at $11,052,603. Insiders own 7.10% of the company’s stock.

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General Dynamics Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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

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