Carroll Financial Associates Inc. Boosts Holdings in General Dynamics Co. (GD)

Carroll Financial Associates Inc. boosted its position in shares of General Dynamics Co. (NYSE:GD) by 16.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,428 shares of the aerospace company’s stock after buying an additional 200 shares during the period. Carroll Financial Associates Inc.’s holdings in General Dynamics were worth $241,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $25,000. We Are One Seven LLC acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $27,000. Aspire Private Capital LLC acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $29,000. CX Institutional acquired a new position in shares of General Dynamics during the 1st quarter worth approximately $45,000. Finally, Athena Capital Advisors LLC acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $46,000. Institutional investors own 87.27% of the company’s stock.

In other General Dynamics news, VP Christopher J. Brady sold 2,327 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $171.23, for a total value of $398,452.21. Following the sale, the vice president now owns 5,134 shares of the company’s stock, valued at $879,094.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Patrick Casey sold 45,470 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $172.46, for a total value of $7,841,756.20. Following the completion of the sale, the executive vice president now directly owns 148,133 shares in the company, valued at approximately $25,547,017.18. The disclosure for this sale can be found here. In the last three months, insiders sold 67,017 shares of company stock worth $11,451,055. 7.10% of the stock is owned by corporate insiders.

Shares of NYSE GD opened at $176.85 on Friday. The company has a market capitalization of $51.07 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 1.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.83 and a current ratio of 1.23. General Dynamics Co. has a 52-week low of $143.87 and a 52-week high of $229.74.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 30th. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.09. The company had revenue of $10.38 billion for the quarter, compared to analyst estimates of $10.34 billion. General Dynamics had a return on equity of 28.33% and a net margin of 9.24%. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.50 earnings per share. Analysts predict that General Dynamics Co. will post 11.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be given a $1.02 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $0.93. The ex-dividend date is Thursday, April 11th. This represents a $4.08 dividend on an annualized basis and a yield of 2.31%. General Dynamics’s payout ratio is presently 35.73%.

GD has been the topic of a number of recent analyst reports. FIG Partners upgraded General Dynamics to an “add” rating in a report on Tuesday, January 8th. Credit Suisse Group reiterated a “buy” rating and issued a $190.00 price objective on shares of General Dynamics in a report on Monday, January 14th. Drexel Hamilton reiterated a “buy” rating and issued a $230.00 price objective on shares of General Dynamics in a report on Monday, February 4th. Cowen reiterated a “buy” rating on shares of General Dynamics in a report on Wednesday, March 6th. Finally, Argus cut General Dynamics from a “buy” rating to a “hold” rating and set a $170.91 price objective on the stock. in a report on Thursday, January 31st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $204.43.

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General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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

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