Advisory Resource Group Has $5.23 Million Holdings in General Dynamics Corporation (NYSE:GD)

Advisory Resource Group boosted its stake in shares of General Dynamics Corporation (NYSE:GD) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,200 shares of the aerospace company’s stock after purchasing an additional 1,276 shares during the quarter. General Dynamics accounts for approximately 1.1% of Advisory Resource Group’s holdings, making the stock its 25th biggest position. Advisory Resource Group’s holdings in General Dynamics were worth $5,234,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC raised its stake in General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in General Dynamics during the 4th quarter valued at $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Dynamics in the 4th quarter valued at $26,000. Copia Wealth Management acquired a new position in shares of General Dynamics in the 4th quarter valued at $27,000. Finally, Hoey Investments Inc. acquired a new position in shares of General Dynamics in the 4th quarter valued at $28,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Down 1.0%

Shares of NYSE GD opened at $278.35 on Thursday. The firm has a market capitalization of $74.71 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.89 and a beta of 0.46. The company has a current ratio of 1.34, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $316.90. The firm’s 50-day moving average is $275.42 and its 200-day moving average is $266.56.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.23. The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.88 EPS. Equities analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, July 3rd. General Dynamics’s dividend payout ratio (DPR) is presently 41.61%.

Insider Activity

In other General Dynamics news, CEO Phebe N. Novakovic sold 7,639 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $280.44, for a total transaction of $2,142,281.16. Following the sale, the chief executive officer now directly owns 769,607 shares in the company, valued at approximately $215,828,587.08. This trade represents a 0.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GD. William Blair cut shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. TD Securities increased their price objective on shares of General Dynamics from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. UBS Group increased their price objective on shares of General Dynamics from $268.00 to $279.00 and gave the company a “neutral” rating in a research note on Thursday, April 24th. Susquehanna increased their price objective on shares of General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a research note on Wednesday, April 2nd. Finally, Argus set a $295.00 target price on shares of General Dynamics in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, General Dynamics currently has an average rating of “Hold” and an average price target of $293.00.

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.