General Dynamics Corporation $GD Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lessened its holdings in General Dynamics Corporation (NYSE:GD) by 25.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 10,765 shares of the aerospace company’s stock after selling 3,613 shares during the quarter. Mediolanum International Funds Ltd’s holdings in General Dynamics were worth $3,669,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Whipplewood Advisors LLC grew its holdings in General Dynamics by 1,725.0% in the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 69 shares during the period. Dagco Inc. purchased a new position in shares of General Dynamics during the 4th quarter valued at approximately $25,000. Steph & Co. lifted its position in shares of General Dynamics by 65.2% during the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after buying an additional 30 shares in the last quarter. Motiv8 Investments LLC acquired a new stake in General Dynamics in the 4th quarter valued at $31,000. Finally, Center for Financial Planning Inc. increased its holdings in General Dynamics by 220.7% in the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on GD shares. DA Davidson decreased their price objective on shares of General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. UBS Group upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating in a research report on Thursday, June 11th. The Goldman Sachs Group decreased their price target on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a research note on Monday, May 4th. Jefferies Financial Group lifted their price objective on General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Weiss Ratings upgraded General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $391.15.

General Dynamics Trading Up 0.6%

GD opened at $370.61 on Tuesday. The firm has a market capitalization of $100.22 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 2.22 and a beta of 0.34. The company’s 50 day simple moving average is $353.26 and its two-hundred day simple moving average is $350.78. General Dynamics Corporation has a 1-year low of $293.95 and a 1-year high of $380.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.90.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.67 by $0.43. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The firm had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $12.70 billion. During the same quarter last year, the firm earned $3.66 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. Analysts expect that General Dynamics Corporation will post 16.64 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be paid a $1.59 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is 40.03%.

Insider Buying and Selling at General Dynamics

In related news, Director Mark Malcolm sold 5,480 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the sale, the director directly owned 10,643 shares in the company, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Lagrand Burns sold 36,480 shares of General Dynamics stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the transaction, the executive vice president directly owned 38,975 shares in the company, valued at $13,457,677.75. This trade represents a 48.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 78,190 shares of company stock worth $27,041,022. Insiders own 1.40% of the company’s stock.

General Dynamics Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.