General Dynamics Co. (NYSE:GD) Holdings Reduced by Sentry Investment Management LLC

Sentry Investment Management LLC lessened its holdings in shares of General Dynamics Co. (NYSE:GD) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,098 shares of the aerospace company’s stock after selling 84 shares during the period. Sentry Investment Management LLC’s holdings in General Dynamics were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in GD. Gilbert & Cook Inc. grew its stake in shares of General Dynamics by 5.1% in the fourth quarter. Gilbert & Cook Inc. now owns 2,509 shares of the aerospace company’s stock worth $652,000 after purchasing an additional 122 shares in the last quarter. Principal Financial Group Inc. increased its stake in General Dynamics by 0.7% during the 4th quarter. Principal Financial Group Inc. now owns 251,327 shares of the aerospace company’s stock valued at $65,262,000 after buying an additional 1,637 shares during the period. Avantax Advisory Services Inc. raised its position in shares of General Dynamics by 12.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 17,486 shares of the aerospace company’s stock worth $4,541,000 after buying an additional 1,875 shares in the last quarter. Eudaimonia Partners LLC acquired a new stake in shares of General Dynamics in the 4th quarter worth approximately $240,000. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of General Dynamics by 11.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 1,455 shares of the aerospace company’s stock valued at $388,000 after acquiring an additional 155 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Trading Down 1.0 %

NYSE:GD opened at $299.47 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. The company has a market capitalization of $82.29 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.60 and a beta of 0.61. The stock’s 50 day moving average price is $291.70 and its 200 day moving average price is $289.57. General Dynamics Co. has a 52 week low of $214.53 and a 52 week high of $306.51.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.30 by ($0.04). The business had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.70 EPS. On average, research analysts forecast that General Dynamics Co. will post 14.52 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. The ex-dividend date is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.90%. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GD shares. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $293.00 to $345.00 in a report on Friday, August 9th. BTIG Research initiated coverage on General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price objective for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of General Dynamics in a report on Monday, July 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of General Dynamics in a report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price objective on shares of General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $315.06.

General Dynamics Profile

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.