General Dynamics Co. (NYSE:GD) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC reduced its stake in shares of General Dynamics Co. (NYSE:GD) by 0.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,263 shares of the aerospace company’s stock after selling 37 shares during the quarter. Valeo Financial Advisors LLC’s holdings in General Dynamics were worth $1,893,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. Richardson Financial Services Inc. acquired a new stake in shares of General Dynamics during the 4th quarter valued at about $25,000. Redmont Wealth Advisors LLC acquired a new stake in shares of General Dynamics during the 1st quarter valued at about $25,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of General Dynamics during the 1st quarter valued at about $29,000. New Covenant Trust Company N.A. acquired a new stake in shares of General Dynamics during the 1st quarter valued at about $29,000. Finally, American Capital Advisory LLC acquired a new stake in shares of General Dynamics during the 2nd quarter valued at about $29,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares in the company, valued at approximately $1,106,515.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Stock Up 1.6 %

GD stock opened at $299.44 on Friday. The firm has a market cap of $82.28 billion, a PE ratio of 23.36, a PEG ratio of 1.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. The firm’s 50 day moving average price is $297.70 and its 200-day moving average price is $293.62. General Dynamics Co. has a one year low of $232.29 and a one year high of $309.97.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.30 by ($0.04). The firm had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 EPS. On average, equities research analysts anticipate that General Dynamics Co. will post 14.38 EPS for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s payout ratio is presently 44.31%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on General Dynamics from $320.00 to $314.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Wells Fargo & Company cut General Dynamics from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $334.00 to $317.00 in a report on Tuesday, October 1st. BTIG Research assumed coverage on General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price objective on the stock. Citigroup lifted their price objective on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of General Dynamics in a report on Thursday, July 25th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $319.06.

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.