KPP Advisory Services LLC Makes New Investment in General Dynamics Corporation (NYSE:GD)

KPP Advisory Services LLC bought a new position in shares of General Dynamics Corporation (NYSE:GD) in the first quarter, HoldingsChannel reports. The firm bought 1,693 shares of the aerospace company’s stock, valued at approximately $461,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its holdings in shares of General Dynamics by 1.1% during the first quarter. Creative Financial Designs Inc. ADV now owns 4,793 shares of the aerospace company’s stock worth $1,306,000 after buying an additional 50 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of General Dynamics by 3.3% during the first quarter. Sequoia Financial Advisors LLC now owns 31,372 shares of the aerospace company’s stock worth $8,551,000 after buying an additional 1,015 shares in the last quarter. Pure Financial Advisors LLC grew its holdings in shares of General Dynamics by 0.7% during the first quarter. Pure Financial Advisors LLC now owns 6,025 shares of the aerospace company’s stock worth $1,642,000 after buying an additional 39 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of General Dynamics by 3.6% during the first quarter. Perigon Wealth Management LLC now owns 6,716 shares of the aerospace company’s stock worth $1,831,000 after buying an additional 233 shares in the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in shares of General Dynamics during the first quarter worth about $153,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 7,639 shares of General Dynamics stock in a transaction on Monday, June 16th. The shares were sold at an average price of $280.44, for a total transaction of $2,142,281.16. Following the sale, the chief executive officer now owns 769,607 shares in the company, valued at $215,828,587.08. The trade was a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Trading Up 2.0%

NYSE:GD opened at $291.63 on Friday. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $316.90. The firm has a market cap of $78.27 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 1.92 and a beta of 0.46. The company has a quick ratio of 0.82, a current ratio of 1.34 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $276.24 and its 200-day moving average is $266.91.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.23. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. General Dynamics’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company posted $2.88 earnings per share. Equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a $1.50 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $6.00 annualized dividend and a dividend yield of 2.06%. General Dynamics’s payout ratio is 41.61%.

Wall Street Analyst Weigh In

GD has been the subject of a number of recent analyst reports. UBS Group boosted their target price on shares of General Dynamics from $268.00 to $279.00 and gave the company a “neutral” rating in a report on Thursday, April 24th. Wells Fargo & Company lowered 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 report on Tuesday, April 8th. Argus set a $295.00 target price on shares of General Dynamics in a report on Tuesday, May 6th. Morgan Stanley lowered their target price on shares of General Dynamics from $305.00 to $300.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Finally, TD Securities boosted their target price on shares of General Dynamics from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $290.24.

About General Dynamics

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.