Reilly Financial Advisors LLC Lowers Position in General Dynamics Co. (GD)

Reilly Financial Advisors LLC lowered its stake in General Dynamics Co. (NYSE:GD) by 0.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,194 shares of the aerospace company’s stock after selling 55 shares during the period. Reilly Financial Advisors LLC’s holdings in General Dynamics were worth $1,895,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GD. Vanguard Group Inc grew its holdings in General Dynamics by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 20,905,951 shares of the aerospace company’s stock worth $4,279,866,000 after acquiring an additional 357,032 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of General Dynamics by 14,601.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,581,635 shares of the aerospace company’s stock worth $61,000 after purchasing an additional 9,516,460 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of General Dynamics by 5.8% during 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 in the last quarter. Bank of New York Mellon Corp boosted its position in shares of General Dynamics by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 1,914,278 shares of the aerospace company’s stock worth $391,891,000 after purchasing an additional 29,753 shares in the last quarter. Finally, Iridian Asset Management LLC CT boosted its position in shares of General Dynamics by 3.8% during the fourth quarter. Iridian Asset Management LLC CT now owns 1,198,828 shares of the aerospace company’s stock worth $188,468,000 after purchasing an additional 43,375 shares in the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

GD traded up $4.71 during trading on Tuesday, hitting $181.74. The company had a trading volume of 59,316 shares, compared to its average volume of 1,361,336. The stock has a market capitalization of $50.70 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.64 and a beta of 1.12. General Dynamics Co. has a one year low of $143.87 and a one year high of $229.74. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.98.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 30th. The aerospace company reported $3.07 EPS for the quarter, beating the consensus estimate of $2.98 by $0.09. The business had revenue of $10.38 billion for the quarter, compared to analysts’ expectations of $10.34 billion. General Dynamics had a net margin of 9.24% and a return on equity of 28.33%. The firm’s revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.50 EPS. On average, equities research analysts predict that General Dynamics Co. will post 11.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be given a $1.02 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $0.93. This represents a $4.08 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, April 11th. General Dynamics’s payout ratio is currently 35.73%.

In other General Dynamics news, VP Gary L. Whited sold 14,640 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $165.38, for a total transaction of $2,421,163.20. Following the sale, the vice president now directly owns 30,462 shares of the company’s stock, valued at approximately $5,037,805.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John Patrick Casey sold 45,470 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $172.46, for a total transaction of $7,841,756.20. Following the sale, the executive vice president now directly owns 148,133 shares in the company, valued at $25,547,017.18. The disclosure for this sale can be found here. Insiders sold a total of 67,017 shares of company stock worth $11,451,055 over the last ninety days. 7.10% of the stock is currently owned by insiders.

A number of brokerages have recently weighed in on GD. Zacks Investment Research cut shares of General Dynamics from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Cowen reissued a “buy” rating on shares of General Dynamics in a research report on Wednesday, March 6th. Drexel Hamilton reissued a “buy” rating and set a $230.00 price target on shares of General Dynamics in a research report on Monday, February 4th. ValuEngine cut shares of General Dynamics from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Finally, Argus cut shares of General Dynamics from a “buy” rating to a “hold” rating and set a $170.91 price target on the stock. in a research report on Thursday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $204.43.

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General Dynamics Company 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.

See Also: What is the balance sheet?

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

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