AlphaMark Advisors LLC boosted its stake in shares of General Dynamics (NYSE:GD) by 17,199.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,607 shares of the aerospace company’s stock after acquiring an additional 16,511 shares during the quarter. General Dynamics comprises 1.6% of AlphaMark Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. AlphaMark Advisors LLC’s holdings in General Dynamics were worth $3,668,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of GD. Highlander Capital Management LLC raised its stake in shares of General Dynamics by 101.4% during the 4th quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock worth $121,000 after buying an additional 300 shares in the last quarter. Resources Investment Advisors Inc. raised its stake in shares of General Dynamics by 92.3% during the 4th quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock worth $127,000 after buying an additional 300 shares in the last quarter. We Are One Seven LLC purchased a new position in shares of General Dynamics during the 4th quarter worth approximately $128,000. NuWave Investment Management LLC purchased a new position in shares of General Dynamics during the 4th quarter worth approximately $130,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in shares of General Dynamics during the 4th quarter worth approximately $134,000. 85.74% of the stock is owned by institutional investors.
In other news, Director Lester L. Lyles sold 5,210 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $220.73, for a total transaction of $1,150,003.30. Following the sale, the director now owns 12,537 shares in the company, valued at $2,767,292.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gary L. Whited sold 5,977 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $224.52, for a total value of $1,341,956.04. The disclosure for this sale can be found here. Insiders sold a total of 19,253 shares of company stock valued at $4,322,831 over the last ninety days. 6.70% of the stock is currently owned by company insiders.
GD has been the subject of a number of analyst reports. Cowen reissued a “buy” rating and set a $253.00 target price on shares of General Dynamics in a research note on Monday, April 9th. Argus raised General Dynamics to a “buy” rating and increased their target price for the stock from $230.00 to $250.00 in a research note on Tuesday, January 30th. Credit Suisse Group increased their target price on General Dynamics from $259.00 to $262.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Royal Bank of Canada reissued a “buy” rating and set a $263.00 target price on shares of General Dynamics in a research note on Friday, April 6th. Finally, Morgan Stanley increased their target price on General Dynamics from $209.00 to $225.00 and gave the stock an “underweight” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $242.72.
NYSE GD opened at $201.76 on Friday. General Dynamics has a 1-year low of $201.35 and a 1-year high of $202.58. The company has a market capitalization of $59.90 billion, a P/E ratio of 20.28, a PEG ratio of 1.96 and a beta of 0.84. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.34.
General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, April 25th. The aerospace company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.16. General Dynamics had a return on equity of 26.83% and a net margin of 9.49%. The firm had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period last year, the business posted $2.48 EPS. General Dynamics’s quarterly revenue was up .8% on a year-over-year basis. equities research analysts expect that General Dynamics will post 11.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 11th. Investors of record on Friday, April 13th were paid a $0.93 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $0.84. This represents a $3.72 annualized dividend and a yield of 1.84%. The ex-dividend date was Thursday, April 12th. General Dynamics’s dividend payout ratio (DPR) is presently 37.39%.
About General Dynamics
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.
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