Sun Financial Inc Makes New Investment in General Dynamics Corporation $GD

Sun Financial Inc bought a new position in shares of General Dynamics Corporation (NYSE:GDFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,535 shares of the aerospace company’s stock, valued at approximately $517,000.

Other institutional investors have also recently made changes to their positions in the company. Dunhill Financial LLC lifted its position in shares of General Dynamics by 620.0% during the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 62 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of General Dynamics during the third quarter worth $25,000. Dagco Inc. purchased a new stake in shares of General Dynamics during the fourth quarter worth $25,000. Burkett Financial Services LLC lifted its position in shares of General Dynamics by 650.0% during the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 65 shares in the last quarter. Finally, Steph & Co. lifted its position in shares of General Dynamics by 65.2% during the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

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Insider Transactions at General Dynamics

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 3,819 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the sale, the executive vice president owned 44,767 shares in the company, valued at $15,825,134.50. This trade represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark Lagrand Burns sold 10,153 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $354.95, for a total value of $3,603,807.35. Following the sale, the executive vice president owned 38,975 shares in the company, valued at $13,834,176.25. The trade was a 20.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 51,260 shares of company stock worth $18,133,971. Company insiders own 1.40% of the company’s stock.

General Dynamics Trading Down 0.1%

Shares of GD stock opened at $345.49 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. General Dynamics Corporation has a 52-week low of $266.98 and a 52-week high of $369.70. The company has a market capitalization of $93.43 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 2.28 and a beta of 0.34. The business’s fifty day moving average is $345.59 and its 200 day moving average is $346.34.

General Dynamics (NYSE:GDGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The business had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $12.70 billion. During the same quarter last year, the business posted $3.66 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities research analysts anticipate that General Dynamics Corporation will post 16.46 EPS for the current fiscal year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be given a dividend of $1.59 per share. The ex-dividend date is Friday, April 10th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 dividend on an annualized basis and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is 40.03%.

Analysts Set New Price Targets

Several research firms have issued reports on GD. Wolfe Research increased their target price on General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. BNP Paribas Exane lowered their price objective on General Dynamics from $430.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday. Wells Fargo & Company assumed coverage on General Dynamics in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research report on Tuesday, April 21st. Finally, Argus increased their price objective on General Dynamics from $380.00 to $395.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $387.70.

View Our Latest Report on GD

General Dynamics Profile

(Free Report)

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.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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