General Dynamics Co. (NYSE:GD) Stock Holdings Reduced by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC reduced its stake in General Dynamics Co. (NYSE:GD) by 15.3% in the 2nd quarter, Holdings Channel reports. The firm owned 1,274 shares of the aerospace company’s stock after selling 230 shares during the period. AlphaStar Capital Management LLC’s holdings in General Dynamics were worth $370,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GD. Price T Rowe Associates Inc. MD boosted its stake in General Dynamics by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,782,612 shares of the aerospace company’s stock valued at $1,351,041,000 after buying an additional 115,063 shares in the last quarter. Sanders Capital LLC grew its position in General Dynamics by 3.7% during the 4th quarter. Sanders Capital LLC now owns 4,164,857 shares of the aerospace company’s stock worth $1,081,488,000 after acquiring an additional 147,800 shares during the last quarter. Norges Bank acquired a new stake in General Dynamics during the 4th quarter valued at $728,284,000. Northern Trust Corp raised its position in General Dynamics by 1.1% in the 4th quarter. Northern Trust Corp now owns 2,282,757 shares of the aerospace company’s stock valued at $592,764,000 after purchasing an additional 24,395 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of General Dynamics by 1.4% during the first quarter. Boston Partners now owns 1,680,666 shares of the aerospace company’s stock worth $474,927,000 after purchasing an additional 23,262 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on GD. Barclays raised their price objective on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Argus raised their price target on General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a report on Monday, April 29th. StockNews.com downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of General Dynamics in a research report on Thursday, July 25th. Finally, Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $315.06.

General Dynamics Stock Up 0.0 %

NYSE GD traded up $0.11 during trading on Tuesday, hitting $291.11. The stock had a trading volume of 150,770 shares, compared to its average volume of 1,048,800. 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’s 50-day moving average price is $290.84 and its two-hundred day moving average price is $287.42. The company has a market capitalization of $79.87 billion, a PE ratio of 23.74, a P/E/G ratio of 1.68 and a beta of 0.60.

General Dynamics (NYSE:GD) last announced its 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). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the previous year, the company posted $2.70 EPS. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. As a group, sell-side analysts forecast that General Dynamics Co. will post 14.5 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

About General Dynamics

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.