RW Investment Management LLC Buys New Stake in General Dynamics Corporation $GD

RW Investment Management LLC bought a new stake in General Dynamics Corporation (NYSE:GD) in the 1st quarter, Holdings Channel.com reports. The fund bought 737 shares of the aerospace company’s stock, valued at approximately $201,000.

Several other institutional investors have also recently added to or reduced their stakes in GD. Brighton Jones LLC lifted its position in shares of General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after purchasing an additional 417 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of General Dynamics during the 4th quarter worth $209,000. GeoWealth Management LLC lifted its position in shares of General Dynamics by 17.8% during the 4th quarter. GeoWealth Management LLC now owns 1,720 shares of the aerospace company’s stock worth $453,000 after purchasing an additional 260 shares during the last quarter. Forum Financial Management LP lifted its position in shares of General Dynamics by 6.6% during the 4th quarter. Forum Financial Management LP now owns 2,177 shares of the aerospace company’s stock worth $574,000 after purchasing an additional 135 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of General Dynamics by 4.9% during the 4th quarter. First Trust Advisors LP now owns 861,800 shares of the aerospace company’s stock worth $227,076,000 after purchasing an additional 40,567 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Down 0.7%

GD stock opened at $313.70 on Monday. The company’s 50 day simple moving average is $298.76 and its 200-day simple moving average is $277.44. The firm has a market capitalization of $84.38 billion, a PE ratio of 21.05, a P/E/G ratio of 1.92 and a beta of 0.48. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $322.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.47 by $0.27. The business had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.26 earnings per share. Equities analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. General Dynamics’s dividend payout ratio is presently 40.27%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GD. Wolfe Research raised shares of General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price target for the company in a research report on Thursday, July 24th. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the company a “hold” rating in a report on Wednesday, July 9th. Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the company a “market perform” rating in a report on Monday, July 14th. Susquehanna boosted their target price on General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. Finally, Cowen reiterated a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $315.78.

Insider Activity

In related news, EVP Mark Lagrand Burns sold 43,860 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the transaction, the executive vice president owned 39,875 shares of the company’s stock, valued at approximately $12,452,165. This represents a 52.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leon Rudy F. De sold 5,490 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $312.81, for a total transaction of $1,717,326.90. Following the transaction, the director directly owned 5,483 shares in the company, valued at $1,715,137.23. The trade was a 50.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 302,110 shares of company stock worth $89,042,859. 1.50% of the stock is currently owned by corporate insiders.

About General Dynamics

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.