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

Mount Yale Investment Advisors LLC lessened its holdings in General Dynamics Co. (NYSE:GD) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,259 shares of the aerospace company’s stock after selling 50 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in General Dynamics were worth $921,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new stake in shares of General Dynamics during the first quarter worth about $25,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of General Dynamics during the fourth quarter worth about $25,000. Richardson Financial Services Inc. acquired a new stake in shares of General Dynamics during the fourth quarter worth about $25,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of General Dynamics during the first quarter worth about $29,000. Finally, Legend Financial Advisors Inc. lifted its holdings in shares of General Dynamics by 46.8% during the first quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of GD traded up $1.82 during trading hours on Tuesday, hitting $291.31. 27,324 shares of the stock were exchanged, compared to its average volume of 1,066,257. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. General Dynamics Co. has a 12-month low of $214.53 and a 12-month high of $302.75. The company has a market cap of $80.05 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.66 and a beta of 0.60. The stock’s 50-day moving average price is $292.43 and its two-hundred day moving average price is $282.88.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.30 by ($0.04). The firm 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 firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.70 earnings per share. Research analysts expect that General Dynamics Co. will post 14.51 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Friday, July 5th. General Dynamics’s dividend payout ratio (DPR) is currently 46.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GD shares. Susquehanna lifted their price target on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research report on Friday, April 12th. Argus lifted their price target on General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Robert W. Baird reiterated an “outperform” rating and set a $345.00 price target on shares of General Dynamics in a research report on Tuesday, July 2nd. Sanford C. Bernstein lifted their price target on General Dynamics from $290.00 to $302.00 and gave the company a “market perform” rating in a research report on Thursday, May 23rd. Finally, BTIG Research started coverage on General Dynamics in a research report on Wednesday, June 26th. They set a “buy” rating and a $345.00 price target for the company. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.17.

Insiders Place Their Bets

In other General Dynamics news, VP Mark Lagrand Burns sold 6,016 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $296.58, for a total transaction of $1,784,225.28. Following the transaction, the vice president now owns 76,221 shares of the company’s stock, valued at $22,605,624.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Mark Lagrand Burns sold 6,016 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $296.58, for a total value of $1,784,225.28. Following the transaction, the vice president now owns 76,221 shares of the company’s stock, valued at approximately $22,605,624.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP William A. Moss sold 21,050 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $294.85, for a total value of $6,206,592.50. Following the completion of the transaction, the vice president now directly owns 16,624 shares in the company, valued at approximately $4,901,586.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,069 shares of company stock valued at $16,295,101. Insiders own 1.52% of the company’s stock.

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.