Sustainable Insight Capital Management LLC reduced its position in General Dynamics Corporation (NYSE:GD – Free Report) by 25.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,726 shares of the aerospace company’s stock after selling 1,620 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in General Dynamics were worth $1,591,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of GD. Brighton Jones LLC increased its position in General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after purchasing an additional 417 shares during the last quarter. Acadian Asset Management LLC increased its position in General Dynamics by 140.2% in the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock worth $938,000 after purchasing an additional 2,011 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in General Dynamics in the 2nd quarter worth about $240,000. Flow Traders U.S. LLC acquired a new position in General Dynamics in the 2nd quarter worth about $352,000. Finally, Jump Financial LLC acquired a new position in General Dynamics in the 2nd quarter worth about $1,284,000. 86.14% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, EVP Mark Lagrand Burns sold 36,480 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the completion of the sale, the executive vice president owned 38,975 shares in the company, valued at $13,457,677.75. This represents a 48.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Read Our Latest Analysis on GD
General Dynamics Stock Performance
GD opened at $359.57 on Friday. The stock has a 50-day moving average of $340.14 and a 200-day moving average of $346.50. General Dynamics Corporation has a 52-week low of $274.88 and a 52-week high of $369.70. The company has a market cap of $97.24 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 2.12 and a beta of 0.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38.
General Dynamics (NYSE:GD – Get Free Report) last announced its 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. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The firm had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $12.70 billion. During the same quarter in the prior year, the company earned $3.66 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, equities research analysts forecast that General Dynamics Corporation will post 16.62 earnings per share for the current fiscal year.
General Dynamics Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 2nd will be paid a dividend of $1.59 per share. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio is presently 40.03%.
General Dynamics 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.
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