General Dynamics Corporation $GD Shares Sold by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC decreased its position in General Dynamics Corporation (NYSE:GD) by 25.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,726 shares of the aerospace company’s stock after selling 1,620 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in General Dynamics were worth $1,591,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GD. Dunhill Financial LLC lifted its holdings in shares of General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of General Dynamics in the third quarter valued at $25,000. Dagco Inc. acquired a new stake in shares of General Dynamics in the fourth quarter valued at $25,000. Burkett Financial Services LLC lifted its holdings in shares of General Dynamics by 650.0% in the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after buying an additional 65 shares during the period. Finally, Steph & Co. lifted its holdings in shares of General Dynamics by 65.2% in the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GD. BNP Paribas Exane cut their price objective on General Dynamics from $430.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Citigroup reduced their target price on General Dynamics from $380.00 to $364.00 and set a “neutral” rating for the company in a report on Monday, May 18th. Jefferies Financial Group raised General Dynamics from a “hold” rating to a “buy” rating and upped their target price for the company from $380.00 to $400.00 in a report on Thursday. JPMorgan Chase & Co. upped their target price on General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on General Dynamics from $387.00 to $377.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $388.40.

General Dynamics Trading Up 5.4%

Shares of NYSE GD opened at $359.57 on Friday. General Dynamics Corporation has a 12 month low of $274.88 and a 12 month high of $369.70. The company has a market cap of $97.24 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 2.12 and a beta of 0.34. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $340.14 and a 200-day simple moving average of $346.50.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.67 by $0.43. The business had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $12.70 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.General Dynamics’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.66 earnings per share. Sell-side analysts predict that General Dynamics Corporation will post 16.62 EPS for the current year.

General Dynamics Dividend Announcement

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

Insider Transactions at General Dynamics

In related news, EVP Mark Lagrand Burns sold 36,480 shares of the stock in a transaction dated 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 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 represents a 48.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Company 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.