Blackhawk Capital Partners LLC. Has $1.39 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

Blackhawk Capital Partners LLC. decreased its position in General Dynamics Co. (NYSE:GD) by 26.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,934 shares of the aerospace company’s stock after selling 1,782 shares during the period. Blackhawk Capital Partners LLC.’s holdings in General Dynamics were worth $1,394,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of General Dynamics by 2.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 216,464 shares of the aerospace company’s stock worth $61,149,000 after acquiring an additional 5,728 shares during the last quarter. Fairhaven Wealth Management LLC grew its holdings in shares of General Dynamics by 2.5% during the 1st quarter. Fairhaven Wealth Management LLC now owns 3,813 shares of the aerospace company’s stock worth $1,077,000 after purchasing an additional 94 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of General Dynamics by 4.3% during the 1st quarter. BNP Paribas Financial Markets now owns 216,111 shares of the aerospace company’s stock worth $61,049,000 after purchasing an additional 8,955 shares in the last quarter. Prosperity Consulting Group LLC grew its holdings in shares of General Dynamics by 11.1% during the 1st quarter. Prosperity Consulting Group LLC now owns 3,393 shares of the aerospace company’s stock worth $959,000 after purchasing an additional 338 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in shares of General Dynamics during the 1st quarter worth $1,277,000. Institutional investors own 86.14% of the company’s stock.

Insider Activity

In related news, CEO Phebe N. Novakovic sold 49,850 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the transaction, the chief executive officer now directly owns 768,977 shares in the company, valued at $218,773,956.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Leon Rudy F. De sold 2,570 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $288.00, for a total value of $740,160.00. Following the completion of the transaction, the director now directly owns 5,518 shares in the company, valued at approximately $1,589,184. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the transaction, the chief executive officer now owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 118,486 shares of company stock worth $34,391,642. 1.60% of the stock is owned by corporate insiders.

General Dynamics Stock Performance

General Dynamics stock traded down $1.77 during mid-day trading on Friday, reaching $281.68. 1,039,502 shares of the company’s stock were exchanged, compared to its average volume of 936,272. The firm has a market capitalization of $77.28 billion, a PE ratio of 22.98, a P/E/G ratio of 1.62 and a beta of 0.60. The business’s fifty day simple moving average is $294.08 and its 200 day simple moving average is $278.84. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a one year low of $211.94 and a one year high of $302.75.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($0.01). The firm had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.26 billion. General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.64 earnings per share. On average, sell-side analysts expect that General Dynamics Co. will post 14.56 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, July 5th. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Analyst Ratings Changes

Several analysts recently weighed in on GD shares. Sanford C. Bernstein upped their price objective 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. Argus raised their target price on General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Susquehanna raised their target price on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research note on Friday, April 12th. StockNews.com cut General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, Jefferies Financial Group raised General Dynamics from a “hold” rating to a “buy” rating and raised their price objective for the company from $305.00 to $335.00 in a research note on Monday, April 29th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $305.56.

General Dynamics Company 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.