J. W. Coons Advisors LLC Sells 46 Shares of General Dynamics Co. (NYSE:GD)

J. W. Coons Advisors LLC trimmed its position in shares of General Dynamics Co. (NYSE:GDFree Report) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,528 shares of the aerospace company’s stock after selling 46 shares during the period. J. W. Coons Advisors LLC’s holdings in General Dynamics were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in General Dynamics by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 22,423,961 shares of the aerospace company’s stock valued at $4,955,023,000 after buying an additional 133,061 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of General Dynamics by 12.0% during the 3rd quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after purchasing an additional 1,755,276 shares during the period. Sanders Capital LLC lifted its holdings in General Dynamics by 0.4% during the 3rd quarter. Sanders Capital LLC now owns 4,017,057 shares of the aerospace company’s stock worth $887,649,000 after purchasing an additional 17,061 shares in the last quarter. Norges Bank bought a new position in General Dynamics in the 4th quarter worth about $728,284,000. Finally, FMR LLC grew its holdings in General Dynamics by 13.7% during the 3rd quarter. FMR LLC now owns 2,293,269 shares of the aerospace company’s stock valued at $506,744,000 after buying an additional 275,947 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $284.50, for a total value of $14,182,325.00. Following the sale, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Phebe N. Novakovic sold 49,850 shares of General Dynamics stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the sale, the chief executive officer now owns 768,977 shares in the company, valued at $218,773,956.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the completion of the transaction, the vice president now owns 103,345 shares of the company’s stock, valued at $29,816,065.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,486 shares of company stock valued at $34,391,642. Insiders own 1.52% of the company’s stock.

General Dynamics Stock Up 0.3 %

Shares of NYSE:GD opened at $299.14 on Friday. The stock has a market capitalization of $82.07 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 1.70 and a beta of 0.64. The stock’s 50-day moving average price is $292.54 and its 200-day moving average price is $273.12. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 12-month low of $209.25 and a 12-month high of $302.42.

General Dynamics (NYSE:GDGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The company had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter in the previous year, the business earned $2.64 earnings per share. General Dynamics’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that General Dynamics Co. will post 14.55 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, July 5th. General Dynamics’s payout ratio is 46.33%.

Analysts Set New Price Targets

A number of research firms have recently commented on GD. JPMorgan Chase & Co. raised their price objective on shares of General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Royal Bank of Canada reduced their price target on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Argus increased their price objective on General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Sanford C. Bernstein boosted their target price on General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a research report on Thursday, May 23rd. Finally, StockNews.com cut General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $300.63.

Read Our Latest Stock Report on General Dynamics

General Dynamics Profile

(Free Report)

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.

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

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