Financial & Tax Architects LLC decreased its holdings in shares of General Dynamics Corporation (NYSE:GD – Free Report) by 6.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 21,089 shares of the aerospace company’s stock after selling 1,532 shares during the period. General Dynamics makes up approximately 1.6% of Financial & Tax Architects LLC’s portfolio, making the stock its 21st largest position. Financial & Tax Architects LLC’s holdings in General Dynamics were worth $7,238,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in General Dynamics by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after purchasing an additional 528,769 shares in the last quarter. State Street Corp raised its holdings in General Dynamics by 2.7% during the fourth quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock valued at $3,812,058,000 after buying an additional 294,456 shares in the last quarter. Geode Capital Management LLC raised its holdings in General Dynamics by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock valued at $2,039,742,000 after buying an additional 195,604 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of General Dynamics by 2.2% in the fourth quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock worth $1,786,786,000 after buying an additional 114,647 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of General Dynamics by 5.4% in the third quarter. Ameriprise Financial Inc. now owns 3,627,155 shares of the aerospace company’s stock worth $1,236,900,000 after buying an additional 187,435 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.
General Dynamics Trading Up 1.8%
Shares of NYSE:GD opened at $354.29 on Wednesday. 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 stock’s 50-day moving average is $342.35 and its 200-day moving average is $347.77. The company has a market cap of $95.81 billion, a P/E ratio of 22.30, a P/E/G ratio of 2.16 and a beta of 0.34. General Dynamics Corporation has a 52-week low of $289.40 and a 52-week high of $369.70.
General Dynamics Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $1.59 per share. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s payout ratio is 40.03%.
More General Dynamics News
Here are the key news stories impacting General Dynamics this week:
- Positive Sentiment: UBS initiated coverage on General Dynamics with a Hold rating, adding another Wall Street view on the stock as investors reassess valuation and defense spending trends. General Dynamics (GD) Gets a Hold from UBS
- Positive Sentiment: General Dynamics was upgraded to Zacks Rank #2 (Buy), reflecting improving earnings optimism and supporting the case for further upside. General Dynamics (GD) Upgraded to Buy: Here’s What You Should Know
- Neutral Sentiment: Investors are also focused on General Dynamics’ upcoming second-quarter earnings report, with analysts expecting single-digit bottom-line growth, which could set the tone for the next move in the shares. General Dynamics’ Quarterly Earnings Preview: What You Need to Know
- Neutral Sentiment: Recent market commentary highlighted that GD has been outperforming the broader market, but the move appears tied more to broader defensive sentiment and company-specific catalysts than to a major new fundamental development. General Dynamics (GD) Rises Higher Than Market: Key Facts
- Neutral Sentiment: General Dynamics was also cited in a broader defense-industry story about CSG recruiting talent from major contractors, including GD, but the item is not directly material to General Dynamics’ near-term fundamentals. CSG Enters the Next Phase of Global Growth: Strengthening Its Leadership Team with Top Defence Executives
Insider Activity at General Dynamics
In other news, Director Mark Malcolm sold 5,480 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the sale, the director owned 10,643 shares in the company, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark Lagrand Burns sold 36,480 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 38,975 shares in the company, valued at $13,457,677.75. This trade represents a 48.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 78,190 shares of company stock valued at $27,041,022 over the last three months. 1.40% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on GD shares. Weiss Ratings lowered General Dynamics from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 19th. JPMorgan Chase & Co. boosted their target price on General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. The Goldman Sachs Group decreased their target price on General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research report on Monday, May 4th. UBS Group upgraded General Dynamics from a “neutral” rating to a “buy” rating in a report on Thursday, June 11th. Finally, BNP Paribas Exane dropped their price target on shares of General Dynamics from $430.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $388.40.
View Our Latest Research Report on GD
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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