General Dynamics Co. (NYSE:GD) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. trimmed its position in General Dynamics Co. (NYSE:GD - Free Report) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,008 shares of the aerospace company's stock after selling 2,063 shares during the period. Foster & Motley Inc.'s holdings in General Dynamics were worth $6,385,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Richardson Financial Services Inc. purchased a new position in General Dynamics during the fourth quarter worth approximately $25,000. Redmont Wealth Advisors LLC purchased a new position in shares of General Dynamics during the 1st quarter valued at approximately $25,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in General Dynamics in the 1st quarter valued at $29,000. New Covenant Trust Company N.A. acquired a new position in General Dynamics during the first quarter worth $29,000. Finally, American Capital Advisory LLC acquired a new position in General Dynamics during the second quarter worth $29,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GD. Barclays boosted their target price on shares of General Dynamics from $310.00 to $325.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 30th. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 price objective on shares of General Dynamics in a research note on Thursday, July 25th. Wells Fargo & Company raised their target price on General Dynamics from $330.00 to $334.00 and gave the company an "overweight" rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of General Dynamics in a research report on Monday, July 29th. Finally, Sanford C. Bernstein raised their price objective on General Dynamics from $290.00 to $302.00 and gave the company a "market perform" rating in a report on Thursday, May 23rd. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $315.06.

General Dynamics Trading Up 1.0 %

Shares of General Dynamics stock traded up $2.94 during trading hours on Thursday, hitting $297.29. The company's stock had a trading volume of 1,517,725 shares, compared to its average volume of 1,061,661. The firm has a fifty day moving average of $290.74 and a 200-day moving average of $288.67. 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 stock has a market cap of $81.57 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 1.64 and a beta of 0.61. General Dynamics Co. has a twelve month low of $214.53 and a twelve month high of $302.75.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing analysts' consensus estimates of $3.30 by ($0.04). The company had revenue of $11.98 billion for the quarter, compared to analysts' expectations of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business's revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.70 EPS. Research analysts forecast that General Dynamics Co. will post 14.52 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.91%. General Dynamics's dividend payout ratio (DPR) is presently 46.33%.

General Dynamics 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.