General Dynamics Co. (NYSE:GD) Shares Sold by Embree Financial Group

Embree Financial Group decreased its holdings in General Dynamics Co. (NYSE:GD) by 3.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,744 shares of the aerospace company’s stock after selling 226 shares during the quarter. Embree Financial Group’s holdings in General Dynamics were worth $1,905,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. grew its holdings in shares of General Dynamics by 46.8% during the 1st quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 36 shares during the period. Diversified Trust Co grew its holdings in shares of General Dynamics by 2.5% during the 1st quarter. Diversified Trust Co now owns 1,503 shares of the aerospace company’s stock worth $425,000 after purchasing an additional 36 shares during the period. Fulton Bank N.A. grew its holdings in shares of General Dynamics by 1.1% during the 1st quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock worth $932,000 after purchasing an additional 37 shares during the period. Copperwynd Financial LLC grew its holdings in shares of General Dynamics by 3.7% during the 4th quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock worth $274,000 after purchasing an additional 38 shares during the period. Finally, Woodward Diversified Capital LLC grew its holdings in shares of General Dynamics by 2.3% during the 4th quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock worth $448,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE:GD traded up $2.40 on Wednesday, hitting $281.91. The company’s stock had a trading volume of 955,163 shares, compared to its average volume of 1,055,214. The stock’s 50-day moving average is $293.69 and its two-hundred day moving average is $279.61. General Dynamics Co. has a 12 month low of $212.58 and a 12 month high of $302.75. The company has a market capitalization of $77.35 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 1.60 and a beta of 0.60. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The firm had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the prior year, the business earned $2.64 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that General Dynamics Co. will post 14.56 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Friday, July 5th. General Dynamics’s dividend payout ratio is 46.33%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GD. Argus upped their price target on General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, April 29th. JPMorgan Chase & Co. upped their price target on General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Wells Fargo & Company upped their price target on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Barclays upped their price target on General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, Susquehanna upped their price target on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a report on Friday, April 12th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $305.56.

Insider Buying and Selling

In related news, Director Leon Rudy F. De sold 2,570 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $288.00, for a total value of $740,160.00. Following the completion of the sale, the director now directly owns 5,518 shares of the company’s stock, valued at approximately $1,589,184. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the sale, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon Rudy F. De sold 2,570 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $288.00, for a total value of $740,160.00. Following the sale, the director now directly owns 5,518 shares of the company’s stock, valued at $1,589,184. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,486 shares of company stock valued at $34,391,642. Corporate insiders own 1.60% of the company’s stock.

General Dynamics Company 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.