General Dynamics Co. (NYSE:GD) Holdings Lifted by Sage Capital Advisors llc

Sage Capital Advisors llc increased its holdings in General Dynamics Co. (NYSE:GD) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,866 shares of the aerospace company’s stock after acquiring an additional 1,074 shares during the period. General Dynamics comprises about 1.3% of Sage Capital Advisors llc’s holdings, making the stock its 24th largest holding. Sage Capital Advisors llc’s holdings in General Dynamics were worth $3,844,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GD. Markel Corp grew its stake in General Dynamics by 0.9% in the first quarter. Markel Corp now owns 390,500 shares of the aerospace company’s stock valued at $94,181,000 after purchasing an additional 3,500 shares in the last quarter. Moors & Cabot Inc. increased its holdings in General Dynamics by 13.2% in the first quarter. Moors & Cabot Inc. now owns 4,202 shares of the aerospace company’s stock worth $1,014,000 after buying an additional 490 shares during the last quarter. Zions Bancorporation N.A. raised its position in General Dynamics by 294.2% during the first quarter. Zions Bancorporation N.A. now owns 540 shares of the aerospace company’s stock valued at $130,000 after acquiring an additional 403 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in General Dynamics by 791.6% in the first quarter. Brown Brothers Harriman & Co. now owns 1,275 shares of the aerospace company’s stock valued at $308,000 after acquiring an additional 1,132 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in General Dynamics by 51.6% in the first quarter. NewEdge Advisors LLC now owns 34,153 shares of the aerospace company’s stock worth $8,237,000 after acquiring an additional 11,630 shares in the last quarter. 86.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GD shares. Wells Fargo & Company reduced their price objective on shares of General Dynamics from $258.00 to $243.00 and set an “overweight” rating for the company in a research note on Monday. Citigroup reiterated a “buy” rating and set a $283.00 price target on shares of General Dynamics in a research note on Tuesday. StockNews.com initiated coverage on General Dynamics in a report on Thursday, August 17th. They issued a “buy” rating for the company. Finally, Morgan Stanley upped their price objective on shares of General Dynamics from $248.00 to $250.00 in a report on Thursday, July 27th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.23.

Insider Activity

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 13,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $225.46, for a total transaction of $3,043,710.00. Following the sale, the senior vice president now directly owns 44,157 shares of the company’s stock, valued at $9,955,637.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Gregory S. Gallopoulos sold 6,500 shares of General Dynamics stock in a transaction on Friday, August 11th. The stock was sold at an average price of $225.83, for a total value of $1,467,895.00. Following the completion of the sale, the vice president now directly owns 113,319 shares of the company’s stock, valued at approximately $25,590,829.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Marguerite Amy Gilliland sold 13,500 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $225.46, for a total value of $3,043,710.00. Following the transaction, the senior vice president now directly owns 44,157 shares in the company, valued at approximately $9,955,637.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,230 shares of company stock worth $12,086,716. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE GD traded down $0.35 during trading hours on Tuesday, reaching $223.98. The stock had a trading volume of 189,109 shares, compared to its average volume of 1,164,859. The company has a market cap of $61.16 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.99 and a beta of 0.84. General Dynamics Co. has a twelve month low of $202.35 and a twelve month high of $256.86. The business’s fifty day moving average is $221.77 and its two-hundred day moving average is $219.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.39 and a quick ratio of 0.90.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.11. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.45 billion. General Dynamics had a net margin of 8.24% and a return on equity of 18.01%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $2.75 EPS. As a group, research analysts expect that General Dynamics Co. will post 12.64 EPS for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be given a dividend of $1.32 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $5.28 annualized dividend and a dividend yield of 2.36%. General Dynamics’s dividend payout ratio (DPR) is presently 43.35%.

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.