KPP Advisory Services LLC Buys 108 Shares of General Dynamics Corporation $GD

KPP Advisory Services LLC grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 6.4% during the second quarter, Holdings Channel reports. The institutional investor owned 1,801 shares of the aerospace company’s stock after purchasing an additional 108 shares during the quarter. KPP Advisory Services LLC’s holdings in General Dynamics were worth $525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GD. Nuveen LLC purchased a new stake in shares of General Dynamics during the first quarter worth about $272,464,000. Ameriprise Financial Inc. boosted its holdings in shares of General Dynamics by 34.8% during the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after purchasing an additional 709,782 shares during the period. Deutsche Bank AG boosted its holdings in shares of General Dynamics by 120.9% during the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after purchasing an additional 690,349 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of General Dynamics by 4.9% during the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after purchasing an additional 256,687 shares during the period. Finally, Vident Advisory LLC boosted its holdings in shares of General Dynamics by 183.1% during the first quarter. Vident Advisory LLC now owns 261,484 shares of the aerospace company’s stock worth $71,276,000 after purchasing an additional 169,120 shares during the period. 86.14% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the transaction, the executive vice president directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the transaction, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 242,460 shares of company stock valued at $76,192,291. 1.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GD. Susquehanna increased their target price on shares of General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 target price on shares of General Dynamics in a report on Wednesday, October 8th. Citigroup increased their target price on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 target price on shares of General Dynamics and gave the stock a “market perform” rating in a report on Monday, July 14th. Finally, Robert W. Baird increased their target price on shares of General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $327.44.

General Dynamics Stock Performance

Shares of GD opened at $341.59 on Friday. 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 Corporation has a one year low of $239.20 and a one year high of $347.37. The company has a 50-day simple moving average of $328.76 and a two-hundred day simple moving average of $301.06. The firm has a market capitalization of $91.88 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 2.08 and a beta of 0.47.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same period last year, the business posted $3.26 earnings per share. General Dynamics’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is presently 40.27%.

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.