R Squared Ltd Buys 3,183 Shares of General Dynamics Corporation $GD

R Squared Ltd increased its position in shares of General Dynamics Corporation (NYSE:GD) by 280.4% during the 1st quarter, Holdings Channel reports. The fund owned 4,318 shares of the aerospace company’s stock after buying an additional 3,183 shares during the quarter. General Dynamics accounts for about 0.8% of R Squared Ltd’s investment portfolio, making the stock its 17th biggest holding. R Squared Ltd’s holdings in General Dynamics were worth $1,482,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GD. KERR FINANCIAL PLANNING Corp acquired a new position in shares of General Dynamics during the third quarter worth about $25,000. Dagco Inc. acquired a new position in General Dynamics during the 4th quarter worth approximately $25,000. Burkett Financial Services LLC boosted its position in General Dynamics by 650.0% during the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 65 shares during the last quarter. Steph & Co. grew its stake in shares of General Dynamics by 65.2% during the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 30 shares in the last quarter. Finally, Center for Financial Planning Inc. raised its holdings in shares of General Dynamics by 220.7% in the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock traded down $0.24 during midday trading on Tuesday, hitting $376.64. 125,713 shares of the company were exchanged, compared to its average volume of 1,378,160. General Dynamics Corporation has a 52 week low of $293.95 and a 52 week high of $380.71. The firm has a market capitalization of $101.85 billion, a P/E ratio of 23.70, a PEG ratio of 2.31 and a beta of 0.34. The firm’s 50 day moving average price is $344.97 and its two-hundred day moving average price is $348.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.43. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The firm had revenue of $13.48 billion for the quarter, compared to analysts’ expectations of $12.70 billion. During the same quarter last year, the business earned $3.66 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts anticipate that General Dynamics Corporation will post 16.63 earnings per share for the current year.

General Dynamics Dividend Announcement

The company 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. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, July 2nd. General Dynamics’s dividend payout ratio is 40.03%.

Insider Buying and Selling

In other news, EVP Mark Lagrand Burns sold 36,480 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the transaction, the executive vice president owned 38,975 shares of the company’s stock, valued at approximately $13,457,677.75. This represents a 48.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the transaction, the director directly owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. The trade was a 33.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 78,190 shares of company stock valued at $27,041,022. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GD. Wells Fargo & Company assumed coverage on shares of General Dynamics in a report on Wednesday, April 1st. They set an “overweight” rating and a $400.00 target price for the company. Jefferies Financial Group raised shares of General Dynamics from a “hold” rating to a “buy” rating and boosted their price target for the stock from $380.00 to $400.00 in a research report on Thursday, June 11th. BNP Paribas Exane reduced their price objective on shares of General Dynamics from $430.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Bank of America raised their price objective on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a report on Monday. Finally, The Goldman Sachs Group dropped their target price on General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $389.15.

General Dynamics Company 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.