General Dynamics Corporation $GD Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its position in General Dynamics Corporation (NYSE:GD) by 17.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 101,251 shares of the aerospace company’s stock after buying an additional 15,170 shares during the period. Corient Private Wealth LLC’s holdings in General Dynamics were worth $34,092,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC grew its position in General Dynamics by 620.0% during the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in shares of General Dynamics in the 3rd quarter worth about $25,000. Dagco Inc. acquired a new position in shares of General Dynamics in the 4th quarter valued at about $25,000. Burkett Financial Services LLC grew its holdings in shares of 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 purchasing an additional 65 shares during the period. Finally, Steph & Co. grew its holdings 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 purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Performance

General Dynamics stock opened at $350.39 on Monday. The firm has a market capitalization of $94.76 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.34. General Dynamics Corporation has a one year low of $275.49 and a one year high of $369.70. The stock’s 50 day moving average price is $341.10 and its 200 day moving average price is $347.30. 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 issued its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.43. The company had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. General Dynamics’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the company earned $3.66 earnings per share. As a group, sell-side analysts expect that General Dynamics Corporation will post 16.62 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be paid a $1.59 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio is 40.03%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating in a report on Thursday, June 11th. The Goldman Sachs Group decreased their price objective on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research note on Monday, May 4th. Wall Street Zen raised shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. BNP Paribas Exane cut their target price on shares of General Dynamics from $430.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Finally, Wells Fargo & Company started coverage on shares of General Dynamics in a research report on Wednesday, April 1st. They set an “overweight” rating and a $400.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $388.40.

Insiders Place Their Bets

In related news, EVP Mark Lagrand Burns sold 36,480 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the completion of the sale, the executive vice president directly owned 38,975 shares of the company’s stock, valued at approximately $13,457,677.75. This trade represents a 48.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

General Dynamics 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.