General Dynamics Co. (NYSE:GD) Stock Position Raised by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC lifted its holdings in shares of General Dynamics Co. (NYSE:GD) by 4.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 17,652 shares of the aerospace company’s stock after purchasing an additional 772 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in General Dynamics were worth $4,811,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC grew its position in shares of General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares during the last quarter. Whipplewood Advisors LLC bought a new position in General Dynamics in the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC bought a new position in General Dynamics in the 4th quarter worth about $26,000. Copia Wealth Management bought a new position in General Dynamics in the 4th quarter worth about $27,000. Finally, Hoey Investments Inc. bought a new position in General Dynamics in the 4th quarter worth about $28,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.7%

GD stock opened at $276.43 on Friday. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The firm has a market cap of $74.19 billion, a PE ratio of 20.27, a P/E/G ratio of 1.69 and a beta of 0.49. The firm has a 50 day simple moving average of $272.69 and a 200 day simple moving average of $266.62. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.43 by $0.23. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. During the same period in the prior year, the business earned $2.88 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. Equities research analysts forecast that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, July 3rd. General Dynamics’s dividend payout ratio is presently 41.61%.

Analyst Upgrades and Downgrades

GD has been the subject of several recent analyst reports. UBS Group upped their target price on shares of General Dynamics from $268.00 to $279.00 and gave the stock a “neutral” rating in a research report on Thursday, April 24th. Wells Fargo & Company decreased their target price on shares of General Dynamics from $261.00 to $236.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. William Blair cut shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Argus set a $295.00 target price on shares of General Dynamics in a research report on Tuesday, May 6th. Finally, TD Securities upped their target price on shares of General Dynamics from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, General Dynamics presently has an average rating of “Hold” and an average price target of $293.00.

Insider Activity at General Dynamics

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the sale, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. This represents a 37.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

General Dynamics 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.