General Dynamics Co. (NYSE:GD) Shares Sold by MainStreet Investment Advisors LLC

MainStreet Investment Advisors LLC decreased its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 10.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,040 shares of the aerospace company's stock after selling 1,790 shares during the quarter. MainStreet Investment Advisors LLC's holdings in General Dynamics were worth $4,654,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

GD has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of General Dynamics from $330.00 to $334.00 and gave the stock an "overweight" rating in a research report on Thursday, July 25th. Sanford C. Bernstein increased their price target 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. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of General Dynamics in a research report on Monday, July 29th. Barclays lifted their price target on shares of General Dynamics from $310.00 to $325.00 and gave the company an "overweight" rating in a research note on Tuesday, July 30th. Finally, BTIG Research began coverage on shares of General Dynamics in a research report on Wednesday, June 26th. They set a "buy" rating and a $345.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, General Dynamics currently has an average rating of "Moderate Buy" and an average target price of $315.06.

General Dynamics Price Performance

Shares of GD stock traded down $4.51 during trading hours on Friday, reaching $292.78. The company had a trading volume of 1,362,362 shares, compared to its average volume of 1,062,699. General Dynamics Co. has a 12-month low of $214.53 and a 12-month high of $302.75. 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 company has a market capitalization of $80.33 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.64 and a beta of 0.61. The stock has a fifty day moving average of $290.80 and a 200-day moving average of $289.10.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.30 by ($0.04). The company had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The firm's revenue was up 18.0% compared to the same quarter last year. During the same period last year, the business earned $2.70 earnings per share. On average, equities analysts anticipate that General Dynamics Co. will post 14.52 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics's dividend payout ratio 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.