Investors Sell General Dynamics (GD) on Strength (GD)

Traders sold shares of General Dynamics (NYSE:GD) on strength during trading on Friday. $52.91 million flowed into the stock on the tick-up and $170.65 million flowed out of the stock on the tick-down, for a money net flow of $117.74 million out of the stock. Of all stocks tracked, General Dynamics had the 0th highest net out-flow for the day. General Dynamics traded up $0.76 for the day and closed at $202.52

Several equities analysts have weighed in on GD shares. Morgan Stanley reduced their price objective on General Dynamics from $225.00 to $217.00 and set an “underweight” rating for the company in a report on Thursday, April 12th. Royal Bank of Canada set a $246.00 price objective on General Dynamics and gave the company a “buy” rating in a report on Tuesday, January 23rd. Cowen restated a “buy” rating and set a $253.00 target price on shares of General Dynamics in a research report on Monday, April 9th. Zacks Investment Research downgraded General Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, Jefferies Group increased their target price on General Dynamics to $247.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. General Dynamics has a consensus rating of “Buy” and a consensus target price of $242.72.

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The stock has a market capitalization of $60.16 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.97 and a beta of 0.84. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.34.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, April 25th. The aerospace company reported $2.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.16. General Dynamics had a return on equity of 26.83% and a net margin of 9.49%. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter last year, the business posted $2.48 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. analysts forecast that General Dynamics will post 11.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 11th. Investors of record on Friday, April 13th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Thursday, April 12th. This is an increase from General Dynamics’s previous quarterly dividend of $0.84. General Dynamics’s dividend payout ratio (DPR) is 37.39%.

In related news, insider S. Daniel Johnson sold 3,933 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $228.79, for a total value of $899,831.07. Following the sale, the insider now owns 66,363 shares in the company, valued at $15,183,190.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lester L. Lyles sold 5,210 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $220.73, for a total value of $1,150,003.30. Following the completion of the sale, the director now owns 12,537 shares in the company, valued at approximately $2,767,292.01. The disclosure for this sale can be found here. Insiders sold 19,253 shares of company stock worth $4,322,831 in the last quarter. 6.70% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Stonebridge Capital Management Inc. raised its position in General Dynamics by 0.7% during the fourth quarter. Stonebridge Capital Management Inc. now owns 32,173 shares of the aerospace company’s stock valued at $6,776,000 after purchasing an additional 223 shares in the last quarter. Advisor Partners LLC raised its position in General Dynamics by 4.4% during the fourth quarter. Advisor Partners LLC now owns 5,412 shares of the aerospace company’s stock valued at $1,132,000 after purchasing an additional 229 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in General Dynamics by 5.0% during the fourth quarter. Segall Bryant & Hamill LLC now owns 4,782 shares of the aerospace company’s stock valued at $973,000 after purchasing an additional 229 shares in the last quarter. Clear Perspective Advisors LLC raised its position in General Dynamics by 8.1% during the fourth quarter. Clear Perspective Advisors LLC now owns 3,355 shares of the aerospace company’s stock valued at $683,000 after purchasing an additional 252 shares in the last quarter. Finally, FTB Advisors Inc. raised its position in General Dynamics by 4.1% during the fourth quarter. FTB Advisors Inc. now owns 6,481 shares of the aerospace company’s stock valued at $1,318,000 after purchasing an additional 258 shares in the last quarter. Institutional investors own 85.74% of the company’s stock.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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