Vaughan David Investments LLC IL Sells 4,060 Shares of General Dynamics Co. (NYSE:GD)

Vaughan David Investments LLC IL decreased its position in General Dynamics Co. (NYSE:GDGet Rating) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,183 shares of the aerospace company’s stock after selling 4,060 shares during the quarter. Vaughan David Investments LLC IL’s holdings in General Dynamics were worth $10,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently made changes to their positions in GD. Costello Asset Management INC purchased a new position in shares of General Dynamics in the 4th quarter worth approximately $26,000. Future Financial Wealth Managment LLC purchased a new position in General Dynamics during the 4th quarter valued at $29,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in General Dynamics during the 4th quarter valued at $29,000. Ten Capital Wealth Advisors LLC purchased a new position in General Dynamics during the 3rd quarter valued at $32,000. Finally, Widmann Financial Services Inc. purchased a new position in General Dynamics during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 85.84% of the company’s stock.

In other news, VP Gregory S. Gallopoulos sold 10,644 shares of the business’s stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $237.93, for a total transaction of $2,532,526.92. Following the sale, the vice president now owns 124,605 shares of the company’s stock, valued at approximately $29,647,267.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William A. Moss sold 2,391 shares of the business’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $237.17, for a total value of $567,073.47. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

General Dynamics stock traded up $2.82 during midday trading on Friday, reaching $226.31. The company’s stock had a trading volume of 1,557,764 shares, compared to its average volume of 1,463,731. General Dynamics Co. has a fifty-two week low of $182.66 and a fifty-two week high of $254.99. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. The company has a market cap of $62.85 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.90 and a beta of 0.95. The business has a 50-day simple moving average of $237.98 and a 200-day simple moving average of $218.63.

General Dynamics (NYSE:GDGet Rating) last posted its earnings results on Wednesday, April 27th. The aerospace company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.13. General Dynamics had a return on equity of 19.67% and a net margin of 8.52%. The business had revenue of $9.39 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the firm earned $2.48 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. As a group, equities analysts forecast that General Dynamics Co. will post 12.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 6th. Investors of record on Friday, April 8th were given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, April 7th. This is a boost from General Dynamics’s previous quarterly dividend of $1.19. General Dynamics’s payout ratio is 43.15%.

GD has been the subject of several research reports. StockNews.com initiated coverage on General Dynamics in a report on Thursday, March 31st. They issued a “buy” rating for the company. Wells Fargo & Company upped their target price on General Dynamics from $235.00 to $282.00 and gave the stock an “overweight” rating in a report on Monday, March 7th. Susquehanna upped their target price on General Dynamics from $280.00 to $285.00 in a report on Thursday, April 28th. Wolfe Research upgraded General Dynamics from an “underperform” rating to a “peer perform” rating in a report on Friday, January 28th. Finally, Susquehanna Bancshares upped their target price on General Dynamics from $280.00 to $285.00 in a report on Thursday, April 28th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, General Dynamics has a consensus rating of “Buy” and a consensus price target of $239.11.

General Dynamics Profile (Get Rating)

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 designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.

Further Reading

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

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