Impact Capital Partners LLC Reduces Stock Position in General Dynamics Co. (NYSE:GD)

Impact Capital Partners LLC lessened its stake in shares of General Dynamics Co. (NYSE:GD) by 8.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 800 shares of the aerospace company’s stock after selling 73 shares during the quarter. Impact Capital Partners LLC’s holdings in General Dynamics were worth $218,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Pines Wealth Management LLC boosted its holdings in shares of General Dynamics by 14.6% during the 1st quarter. Pines Wealth Management LLC now owns 4,170 shares of the aerospace company’s stock valued at $1,061,000 after acquiring an additional 531 shares during the last quarter. Procyon Advisors LLC boosted its holdings in shares of General Dynamics by 0.9% during the 1st quarter. Procyon Advisors LLC now owns 7,744 shares of the aerospace company’s stock valued at $2,111,000 after acquiring an additional 67 shares during the last quarter. Davis Capital Management boosted its holdings in shares of General Dynamics by 17.2% during the 1st quarter. Davis Capital Management now owns 2,485 shares of the aerospace company’s stock valued at $677,000 after acquiring an additional 365 shares during the last quarter. Intellectus Partners LLC boosted its holdings in shares of General Dynamics by 31.7% during the 1st quarter. Intellectus Partners LLC now owns 3,512 shares of the aerospace company’s stock valued at $957,000 after acquiring an additional 845 shares during the last quarter. Finally, Atwater Malick LLC purchased a new stake in shares of General Dynamics during the 1st quarter valued at about $205,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GD. Wells Fargo & Company dropped their price objective on shares of General Dynamics from $261.00 to $236.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Cowen reiterated a “buy” rating on shares of General Dynamics in a research report on Thursday, April 24th. Argus set a $295.00 price target on shares of General Dynamics in a research report on Tuesday, May 6th. TD Securities boosted their price target on shares of General Dynamics from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Finally, UBS Group boosted their price target on shares of General Dynamics from $268.00 to $279.00 and gave the stock a “neutral” rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $293.00.

Insider Activity

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the sale, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at approximately $12,297,195.12. The trade was a 37.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 0.7%

NYSE GD opened at $276.43 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $272.69 and a two-hundred day moving average of $266.62. The firm has a market capitalization of $74.19 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.69 and a beta of 0.49. General Dynamics Co. has a 52 week low of $239.20 and a 52 week high of $316.90.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.43 by $0.23. The company had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. General Dynamics’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.88 earnings per share. On average, analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics’s dividend payout ratio is currently 41.61%.

General Dynamics Company 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.