Leavell Investment Management Inc. cut its stake in shares of General Dynamics Co. (NYSE:GD) by 0.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,242 shares of the aerospace company’s stock after selling 115 shares during the period. Leavell Investment Management Inc.’s holdings in General Dynamics were worth $2,242,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Gravity Companies Inc. acquired a new position in shares of General Dynamics during the 4th quarter valued at $25,000. We Are One Seven LLC acquired a new position in shares of General Dynamics during the 4th quarter valued at $27,000. Aspire Private Capital LLC acquired a new position in shares of General Dynamics during the 4th quarter valued at $29,000. CX Institutional acquired a new position in shares of General Dynamics during the 1st quarter valued at $45,000. Finally, Athena Capital Advisors LLC acquired a new position in General Dynamics in the 4th quarter worth $46,000. 87.27% of the stock is owned by institutional investors.
Several equities analysts have recently commented on GD shares. Zacks Investment Research cut shares of General Dynamics from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Cowen reaffirmed a “buy” rating on shares of General Dynamics in a research report on Wednesday, March 6th. Drexel Hamilton reaffirmed a “buy” rating and set a $230.00 price target on shares of General Dynamics in a research report on Monday, February 4th. ValuEngine cut shares of General Dynamics from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Finally, Argus cut shares of General Dynamics from a “buy” rating to a “hold” rating and set a $170.91 price target on the stock. in a research report on Thursday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $204.43.
Shares of NYSE:GD opened at $173.74 on Wednesday. General Dynamics Co. has a 1-year low of $143.87 and a 1-year high of $229.74. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.98. The company has a market cap of $49.67 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 1.60 and a beta of 1.12.
General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 30th. The aerospace company reported $3.07 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.09. General Dynamics had a net margin of 9.24% and a return on equity of 28.33%. The firm had revenue of $10.38 billion during the quarter, compared to analyst estimates of $10.34 billion. During the same quarter last year, the business posted $2.50 EPS. The company’s revenue was up 25.4% on a year-over-year basis. As a group, sell-side analysts anticipate that General Dynamics Co. will post 11.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be paid a $1.02 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $4.08 dividend on an annualized basis and a yield of 2.35%. General Dynamics’s dividend payout ratio (DPR) is currently 35.73%.
ILLEGAL ACTIVITY NOTICE: “Leavell Investment Management Inc. Lowers Stake in General Dynamics Co. (GD)” was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.chaffeybreeze.com/2019/04/17/leavell-investment-management-inc-lowers-stake-in-general-dynamics-co-gd.html.
About General Dynamics
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.
Further Reading: What is Call Option Volume?
Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.