2 weeks Ago By ABMN Staff
Susquehanna Portfolio Strategies LLC lowered its holdings in shares of General Dynamics Co. ( NYSE:GD – Free Report ) by 73.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 30,357 shares of the aerospace company’s stock after selling 85,457 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in General Dynamics were worth $8,808,000 at the end of the most recent reporting period. Several other institutional investors have also recently made changes to their positions in GD.
Redmont Wealth Advisors LLC purchased a new position in General Dynamics during the 1st quarter valued at approximately $25,000. Richardson Financial Services Inc. purchased a new position in General Dynamics during the 4th quarter valued at approximately $25,000.
American Capital Advisory LLC purchased a new position in General Dynamics during the 2nd quarter valued at approximately $29,000. Financial Synergies Wealth Advisors Inc. purchased a new position in General Dynamics during the 1st quarter valued at approximately $29,000.
Finally, New Covenant Trust Company N.A. purchased a new position in General Dynamics during the 1st quarter valued at approximately $29,000.
Hedge funds and other institutional investors own 86.14% of the company’s stock. Insider Buying and Selling In related news, Director Peter A.
Wall sold 1,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.
00. Following the completion of the sale, the director now directly owns 3,592 shares in the company, valued at approximately $1,106,515.60.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . 1.52% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth View Our Latest Stock Analysis on GD General Dynamics Price Performance Shares of GD stock opened at $300.07 on Friday. General Dynamics Co.
has a twelve month low of $214.53 and a twelve month high of $309.97.
The stock has a market capitalization of $82.33 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 1.
68 and a beta of 0.61. The stock has a fifty day simple moving average of $296.
08 and a two-hundred day simple moving average of $292.00. The company has a current ratio of 1.
33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33.
General Dynamics ( NYSE:GD – Get Free Report ) last issued its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share 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 firm had revenue of $11.
98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the prior year, the company posted $2.
70 earnings per share. General Dynamics’s quarterly revenue was up 18.0% compared to the same quarter last year.
On average, analysts predict that General Dynamics Co. will post 14.52 EPS for the current fiscal year.
General Dynamics Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a dividend of $1.42 per share.
This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.89%.
The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) 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.
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