Trilogy Capital Inc. Reduces Stock Position in General Dynamics Co. (NYSE:GD)

Trilogy Capital Inc. decreased its holdings in shares of General Dynamics Co. (NYSE:GD) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,716 shares of the aerospace company’s stock after selling 221 shares during the period. Trilogy Capital Inc.’s holdings in General Dynamics were worth $3,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Redmont Wealth Advisors LLC purchased a new position in shares of General Dynamics during the first quarter valued at about $25,000. Financial Synergies Wealth Advisors Inc. purchased a new position in shares of General Dynamics during the 1st quarter worth approximately $29,000. New Covenant Trust Company N.A. bought a new position in shares of General Dynamics in the 1st quarter worth approximately $29,000. American Capital Advisory LLC bought a new position in shares of General Dynamics in the 2nd quarter worth approximately $29,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of General Dynamics in the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity

In related news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

GD has been the subject of a number of research reports. Barclays increased their price objective on General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. BTIG Research began coverage on shares of General Dynamics in a research note on Wednesday, June 26th. They set a “buy” rating and a $345.00 price objective on the stock. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $320.18.

General Dynamics Trading Up 0.1 %

Shares of NYSE:GD opened at $308.48 on Monday. General Dynamics Co. has a 1 year low of $232.29 and a 1 year high of $310.58. The stock’s fifty day moving average price is $299.34 and its 200-day moving average price is $294.30. The company has a market cap of $84.64 billion, a P/E ratio of 25.16, a PEG ratio of 1.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The company had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the previous year, the business earned $2.70 EPS. The business’s revenue was up 18.0% compared to the same quarter last year. Sell-side analysts expect that General Dynamics Co. will post 14.38 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.84%. General Dynamics’s dividend payout ratio is presently 46.33%.

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.