General Dynamics Corporation $GD Shares Sold by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC reduced its holdings in General Dynamics Corporation (NYSE:GD) by 28.5% during the 1st quarter, Holdings Channel reports. The fund owned 6,336 shares of the aerospace company’s stock after selling 2,526 shares during the period. Aaron Wealth Advisors LLC’s holdings in General Dynamics were worth $2,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in General Dynamics by 118.3% in the third quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock valued at $567,372,000 after purchasing an additional 901,679 shares during the last quarter. Northern Trust Corp boosted its stake in shares of General Dynamics by 35.0% in the third quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock worth $1,136,525,000 after buying an additional 863,392 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in General Dynamics by 831.1% during the third quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company’s stock worth $251,405,000 after acquiring an additional 658,081 shares during the period. SG Americas Securities LLC grew its holdings in General Dynamics by 6,680.8% during the fourth quarter. SG Americas Securities LLC now owns 591,488 shares of the aerospace company’s stock worth $199,130,000 after acquiring an additional 582,765 shares during the period. Finally, Vanguard Group Inc. raised its position in General Dynamics by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock valued at $8,338,169,000 after acquiring an additional 528,769 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 0.0%

General Dynamics stock opened at $344.19 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.90. The stock has a market capitalization of $93.08 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.13 and a beta of 0.34. The business has a 50 day simple moving average of $341.57 and a 200-day simple moving average of $347.51. General Dynamics Corporation has a 12 month low of $286.36 and a 12 month high of $369.70.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. The firm had revenue of $13.48 billion for the quarter, compared to analyst estimates of $12.70 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.66 EPS. On average, analysts anticipate that General Dynamics Corporation will post 16.63 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be given 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 (DPR) is 40.03%.

Insider Transactions at General Dynamics

In related news, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the sale, the director directly owned 10,643 shares in the company, valued at approximately $3,884,695. The trade was a 33.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark Lagrand Burns sold 36,480 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the sale, the executive vice president 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 78,190 shares of company stock valued at $27,041,022 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wall Street Zen raised General Dynamics from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Weiss Ratings cut shares of General Dynamics from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 19th. BNP Paribas Exane cut their target price on shares of General Dynamics from $430.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. DA Davidson lowered their price target on shares of General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Finally, UBS Group upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating in a research report on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $388.40.

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.