Trading Report: The 250 Shares of General Dynamics Corp. (GD) are sold by Whittier Trust Co. of Nevada Inc.

The 250 Shares of General Dynamics Corp. (GD) are sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lowered its position in General Dynamics Corp. (NYSE:GD) by 16.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,235 shares of the company’s stock after selling 250 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in General Dynamics Corp. were worth $172,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GD. First New York Securities LLC NY acquired a new stake in General Dynamics Corp. during the second quarter worth about $139,000. Carroll Financial Associates Inc. increased its stake in shares of General Dynamics Corp. by 3.2% in the second quarter. Carroll Financial Associates Inc. now owns 1,283 shares of the company’s stock valued at $178,000 after buying an additional 40 shares during the period. Ariel Capital Advisors LLC purchased a new stake in shares of General Dynamics Corp. during the second quarter valued at about $207,000. Brookstone Capital Management purchased a new stake in shares of General Dynamics Corp. during the second quarter valued at about $233,000. Finally, Savant Capital LLC increased its stake in shares of General Dynamics Corp. by 1.8% in the second quarter. Savant Capital LLC now owns 1,720 shares of the company’s stock valued at $239,000 after buying an additional 30 shares during the period. 87.68% of the stock is owned by hedge funds and other institutional investors.

Shares of General Dynamics Corp. (NYSE:GD) traded up 0.42% during midday trading on Wednesday, reaching $150.23. The company’s stock had a trading volume of 728,665 shares. General Dynamics Corp. has a 52-week low of $121.61 and a 52-week high of $156.97. The company has a market capitalization of $45.74 billion, a price-to-earnings ratio of 15.98 and a beta of 0.76. The stock has a 50 day moving average price of $152.90 and a 200-day moving average price of $144.31.

General Dynamics Corp. (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $2.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.13. General Dynamics Corp. had a return on equity of 27.74% and a net margin of 9.53%. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the business earned $2.27 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. Equities research analysts expect that General Dynamics Corp. will post $9.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, October 7th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Wednesday, October 5th. General Dynamics Corp.’s dividend payout ratio is currently 32.27%.

Several analysts have issued reports on GD shares. Jefferies Group reaffirmed a “buy” rating on shares of General Dynamics Corp. in a research report on Sunday, July 3rd. Zacks Investment Research raised shares of General Dynamics Corp. from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research report on Monday, July 18th. Argus increased their price objective on shares of General Dynamics Corp. from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Sanford C. Bernstein raised shares of General Dynamics Corp. from a “market perform” rating to an “outperform” rating and set a $180.00 price objective for the company in a research report on Wednesday, August 10th. They noted that the move was a valuation call. Finally, Citigroup Inc. increased their price objective on shares of General Dynamics Corp. from $162.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, September 6th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $159.27.

In other General Dynamics Corp. news, insider John Patrick Casey sold 57,490 shares of General Dynamics Corp. stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $146.96, for a total value of $8,448,730.40. Following the transaction, the insider now directly owns 165,118 shares of the company’s stock, valued at approximately $24,265,741.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Gregory S. Gallopoulos sold 39,000 shares of General Dynamics Corp. stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $146.58, for a total value of $5,716,620.00. Following the completion of the transaction, the vice president now directly owns 153,848 shares in the company, valued at $22,551,039.84. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

General Dynamics Corp. Company Profile

General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and information technology (IT) services, and shipbuilding.

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