General Dynamics Co. (NYSE:GD) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lessened its stake in shares of General Dynamics Co. (NYSE:GD) by 1.5% during the first quarter, HoldingsChannel reports. The firm owned 3,259 shares of the aerospace company’s stock after selling 50 shares during the period. Mount Yale Investment Advisors LLC’s holdings in General Dynamics were worth $921,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of General Dynamics by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,782,612 shares of the aerospace company’s stock worth $1,351,041,000 after purchasing an additional 115,063 shares in the last quarter. Sanders Capital LLC lifted its stake in shares of General Dynamics by 3.7% during the fourth quarter. Sanders Capital LLC now owns 4,164,857 shares of the aerospace company’s stock worth $1,081,488,000 after purchasing an additional 147,800 shares in the last quarter. Norges Bank acquired a new position in shares of General Dynamics during the fourth quarter worth about $728,284,000. Northern Trust Corp increased its position in shares of General Dynamics by 1.1% during the fourth quarter. Northern Trust Corp now owns 2,282,757 shares of the aerospace company’s stock worth $592,764,000 after acquiring an additional 24,395 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of General Dynamics by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,372,311 shares of the aerospace company’s stock worth $356,348,000 after acquiring an additional 40,689 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GD. Robert W. Baird reaffirmed an “outperform” rating and set a $345.00 target price on shares of General Dynamics in a research report on Tuesday, July 2nd. Sanford C. Bernstein lifted their target price on General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a research report on Thursday, May 23rd. JPMorgan Chase & Co. lifted their target price on General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Morgan Stanley lifted their target price on General Dynamics from $271.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Monday, July 15th. Finally, The Goldman Sachs Group lifted their target price on General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $312.17.

General Dynamics Stock Performance

Shares of NYSE:GD traded up $1.82 during trading on Tuesday, hitting $291.31. 27,324 shares of the company traded hands, compared to its average volume of 1,066,257. The stock has a market capitalization of $80.05 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.66 and a beta of 0.60. The business’s fifty day moving average is $292.43 and its 200-day moving average is $282.88. General Dynamics Co. has a one year low of $214.53 and a one year high of $302.75. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.30 by ($0.04). The company had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the company posted $2.70 earnings per share. As a group, equities analysts predict that General Dynamics Co. will post 14.51 earnings per share for the current fiscal 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 1.95%. The ex-dividend date is Friday, July 5th. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Insider Transactions at General Dynamics

In other news, CFO Kimberly A. Kuryea sold 13,344 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the transaction, the chief financial officer now directly owns 79,255 shares in the company, valued at $23,630,670.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Leon Rudy F. De sold 2,570 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $288.00, for a total transaction of $740,160.00. Following the completion of the transaction, the director now directly owns 5,518 shares in the company, valued at $1,589,184. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kimberly A. Kuryea sold 13,344 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total value of $3,978,647.04. Following the transaction, the chief financial officer now owns 79,255 shares of the company’s stock, valued at $23,630,670.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,069 shares of company stock worth $16,295,101. Company insiders own 1.52% of the company’s stock.

General Dynamics 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.