Focus Partners Advisor Solutions LLC lowered its position in General Dynamics Corporation (NYSE:GD – Free Report) by 27.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,565 shares of the aerospace company’s stock after selling 7,671 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in General Dynamics were worth $6,924,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of GD. Brighton Jones LLC boosted its position in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after buying an additional 417 shares during the last quarter. Acadian Asset Management LLC boosted its position in General Dynamics by 140.2% in the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after buying an additional 2,011 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in General Dynamics in the second quarter valued at approximately $240,000. Flow Traders U.S. LLC purchased a new stake in General Dynamics in the second quarter valued at approximately $352,000. Finally, Jump Financial LLC purchased a new stake in General Dynamics in the second quarter valued at approximately $1,284,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.
Insider Activity at General Dynamics
In related news, EVP Mark Lagrand Burns sold 36,480 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the transaction, the executive vice president directly owned 38,975 shares of the company’s stock, valued at approximately $13,457,677.75. This represents a 48.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total value of $1,350,016.50. Following the completion of the transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at approximately $15,825,134.50. This represents a 7.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 119,600 shares of company stock valued at $41,650,580. 1.40% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
General Dynamics Stock Down 1.6%
NYSE GD opened at $340.85 on Tuesday. The business has a fifty day moving average price of $339.81 and a 200 day moving average price of $346.33. General Dynamics Corporation has a one year low of $268.10 and a one year high of $369.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. The company has a market cap of $92.18 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.15 and a beta of 0.34.
General Dynamics (NYSE:GD – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 EPS 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 period in the prior year, the company earned $3.66 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. Research analysts anticipate that General Dynamics Corporation will post 16.62 EPS for the current fiscal year.
General Dynamics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 2nd will be paid a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, July 2nd. General Dynamics’s dividend payout ratio is currently 40.03%.
General Dynamics Company 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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