General Dynamics Co. (NYSE:GD) Shares Bought by Rikoon Group LLC

Rikoon Group LLC grew its position in shares of General Dynamics Co. (NYSE:GD) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,040 shares of the aerospace company’s stock after acquiring an additional 86 shares during the quarter. Rikoon Group LLC’s holdings in General Dynamics were worth $371,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Longview Asset Management LLC lifted its holdings in General Dynamics by 0.7% in the first quarter. Longview Asset Management LLC now owns 32,898,410 shares of the aerospace company’s stock worth $5,569,043,000 after purchasing an additional 215,179 shares during the period. Geode Capital Management LLC lifted its holdings in General Dynamics by 5.8% in the fourth quarter. Geode Capital Management LLC now owns 3,511,536 shares of the aerospace company’s stock worth $551,080,000 after purchasing an additional 193,294 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in General Dynamics by 8.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,365,297 shares of the aerospace company’s stock worth $569,677,000 after purchasing an additional 252,900 shares during the period. Janus Henderson Group PLC lifted its holdings in General Dynamics by 2.6% in the second quarter. Janus Henderson Group PLC now owns 2,335,959 shares of the aerospace company’s stock worth $424,721,000 after purchasing an additional 58,222 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its holdings in General Dynamics by 18,507.6% in the second quarter. Thoroughbred Financial Services LLC now owns 926,285 shares of the aerospace company’s stock worth $92,628,000 after purchasing an additional 921,307 shares during the period. 87.03% of the stock is owned by institutional investors.

NYSE GD traded down $2.32 on Friday, hitting $185.23. 38,158 shares of the company were exchanged, compared to its average volume of 1,067,562. The company’s 50 day moving average price is $184.37 and its 200-day moving average price is $174.84. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.09 and a quick ratio of 0.73. The firm has a market capitalization of $54.06 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 1.81 and a beta of 1.21. General Dynamics Co. has a twelve month low of $143.87 and a twelve month high of $207.72.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $2.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.09. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.36 billion. General Dynamics had a return on equity of 26.81% and a net margin of 8.65%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 EPS. As a group, equities analysts expect that General Dynamics Co. will post 11.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $4.08 annualized dividend and a yield of 2.20%. General Dynamics’s payout ratio is presently 35.73%.

In other General Dynamics news, Director William A. Osborn sold 1,500 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $182.56, for a total transaction of $273,840.00. Following the sale, the director now owns 37,585 shares in the company, valued at approximately $6,861,517.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Gary L. Whited sold 14,029 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $188.38, for a total value of $2,642,783.02. Following the sale, the vice president now owns 37,542 shares in the company, valued at approximately $7,072,161.96. The disclosure for this sale can be found here. 7.10% of the stock is currently owned by insiders.

Several brokerages have commented on GD. Morgan Stanley boosted their price target on shares of General Dynamics from $171.00 to $173.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 14th. Goldman Sachs Group upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating and set a $204.00 price target on the stock in a research report on Sunday, May 19th. UBS Group boosted their price target on shares of General Dynamics from $175.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Zacks Investment Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research report on Monday, June 3rd. Finally, JPMorgan Chase & Co. upgraded shares of General Dynamics from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $188.00 to $200.00 in a research report on Thursday, April 25th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. General Dynamics presently has an average rating of “Hold” and an average price target of $191.47.

General Dynamics Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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