2 hours Ago By Defense World Staff
Marotta Asset Management lowered its holdings in General Dynamics Co. ( NYSE:GD – Free Report ) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 3,883 shares of the aerospace company’s stock after selling 178 shares during the period. Marotta Asset Management’s holdings in General Dynamics were worth $1,173,000 at the end of the most recent reporting period. A number of other large investors have also recently modified their holdings of GD.
Richardson Financial Services Inc. purchased a new stake in General Dynamics during the fourth quarter valued at about $25,000. Redmont Wealth Advisors LLC purchased a new position in shares of General Dynamics during the 1st quarter valued at about $25,000.
Financial Synergies Wealth Advisors Inc. bought a new stake in General Dynamics in the 1st quarter worth approximately $29,000. New Covenant Trust Company N.
A. purchased a new stake in General Dynamics in the first quarter worth approximately $29,000. Finally, American Capital Advisory LLC bought a new position in General Dynamics during the second quarter valued at approximately $29,000.
Institutional investors own 86.14% of the company’s stock. Insider Activity In other General Dynamics news, Director Peter A.
Wall sold 1,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.
00. Following the sale, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60.
The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . Insiders own 1.52% of the company’s stock.
Wall Street Analyst Weigh In Get Our Latest Stock Analysis on GD General Dynamics Stock Down 1.4 % GD stock opened at $299.61 on Friday.
General Dynamics Co. has a 1-year low of $214.53 and a 1-year high of $309.
97. The business has a fifty day moving average price of $297.07 and a 200-day moving average price of $292.
77. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.
33 and a quick ratio of 0.80. The stock has a market capitalization of $82.
20 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.68 and a beta of 0.
61. General Dynamics ( NYSE:GD – Get Free Report ) last announced its earnings results on Wednesday, July 24th. The aerospace company reported $3.
26 earnings per share for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04).
General Dynamics had a net margin of 7.89% and a return on equity of 16.74%.
The company had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.46 billion.
During the same quarter in the prior year, the firm posted $2.70 earnings per share. General Dynamics’s quarterly revenue was up 18.
0% on a year-over-year basis. Equities analysts forecast that General Dynamics Co. will post 14.
52 earnings per share for the current fiscal year. General Dynamics Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a dividend of $1.
42 per share. This represents a $5.68 annualized dividend and a yield of 1.
90%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is currently 46.
33%. About General Dynamics ( Free Report ) 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. Featured Stories Five stocks we like better than General Dynamics Options Trading – Understanding Strike Price When Is the Best Time to Invest in Mutual Funds? How to Use High Beta Stocks to Maximize Your Investing Profits Is NVIDIA Stock in a Correction or Consolidation? How to Start Investing in Real Estate 3 Oversold Stocks with Big RSI Rebound Potential Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Co.
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