Trilogy Capital Inc. decreased its holdings in shares of General Dynamics Co. (NYSE:GD – Free Report) 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
Get Our Latest Stock Analysis on GD
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 – Get Free Report) 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.
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