Traders Sell Shares of General Dynamics (GD) on Strength (GD)

Investors sold shares of General Dynamics Co. (NYSE:GD) on strength during trading hours on Tuesday. $49.30 million flowed into the stock on the tick-up and $87.49 million flowed out of the stock on the tick-down, for a money net flow of $38.19 million out of the stock. Of all stocks tracked, General Dynamics had the 0th highest net out-flow for the day. General Dynamics traded up $1.38 for the day and closed at $199.83

A number of analysts have recently issued reports on GD shares. Royal Bank of Canada set a $239.00 target price on General Dynamics and gave the stock a “buy” rating in a report on Wednesday, November 15th. Cowen restated a “buy” rating and issued a $230.00 price target on shares of General Dynamics in a report on Thursday, October 19th. Deutsche Bank restated a “hold” rating and issued a $210.00 price target (up previously from $200.00) on shares of General Dynamics in a report on Monday, October 2nd. ValuEngine cut General Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Stifel Nicolaus upped their price target on General Dynamics from $200.00 to $210.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $218.24.

The company has a market capitalization of $59,665.82, a PE ratio of 19.84, a PEG ratio of 2.40 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.09. General Dynamics had a return on equity of 27.98% and a net margin of 9.94%. The company had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.94 billion. During the same period in the prior year, the company posted $2.36 EPS. General Dynamics’s quarterly revenue was down 1.0% on a year-over-year basis. sell-side analysts expect that General Dynamics Co. will post 9.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 19th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Thursday, January 18th. General Dynamics’s payout ratio is 33.50%.

In other General Dynamics news, insider John Patrick Casey sold 34,945 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total value of $7,037,224.10. Following the transaction, the insider now directly owns 144,378 shares of the company’s stock, valued at approximately $29,074,841.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $202.93, for a total value of $15,903,624.10. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Pathstone Family Office LLC raised its position in shares of General Dynamics by 100.0% during the 2nd quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock valued at $4,754,000 after acquiring an additional 12 shares in the last quarter. Vantage Investment Advisors LLC raised its position in shares of General Dynamics by 9.3% during the 2nd quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock valued at $116,000 after acquiring an additional 50 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of General Dynamics by 6.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock valued at $110,000 after acquiring an additional 37 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of General Dynamics during the 2nd quarter valued at approximately $129,000. Finally, WFG Advisors LP raised its position in shares of General Dynamics by 0.3% during the 2nd quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 2 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

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About General Dynamics

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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