Fieldview Capital Management LLC Decreases Stock Holdings in General Dynamics Corporation $GD

Fieldview Capital Management LLC reduced its stake in shares of General Dynamics Corporation (NYSE:GD) by 37.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,753 shares of the aerospace company’s stock after selling 2,850 shares during the quarter. Fieldview Capital Management LLC’s holdings in General Dynamics were worth $1,600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GD. WASHINGTON TRUST Co increased its holdings in shares of General Dynamics by 453.3% in the third quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock valued at $3,212,000 after purchasing an additional 7,716 shares during the period. Vanguard Group Inc. increased its holdings in General Dynamics by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after buying an additional 528,769 shares during the period. Modern Wealth Management LLC raised its position in General Dynamics by 114.7% during the 3rd quarter. Modern Wealth Management LLC now owns 6,124 shares of the aerospace company’s stock worth $2,088,000 after buying an additional 3,271 shares during the last quarter. Jain Global LLC raised its position in General Dynamics by 97.8% during the 3rd quarter. Jain Global LLC now owns 169,305 shares of the aerospace company’s stock worth $57,733,000 after buying an additional 83,692 shares during the last quarter. Finally, M&T Bank Corp raised its position in General Dynamics by 155.6% during the 4th quarter. M&T Bank Corp now owns 104,773 shares of the aerospace company’s stock worth $35,273,000 after buying an additional 63,781 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Citigroup lowered their price target on General Dynamics from $380.00 to $364.00 and set a “neutral” rating on the stock in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft lowered their price target on General Dynamics from $387.00 to $377.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Wells Fargo & Company assumed coverage on General Dynamics in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 target price on the stock. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $385.00 target price on shares of General Dynamics in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $388.40.

Insider Buying and Selling at General Dynamics

In other news, EVP Mark Lagrand Burns sold 36,480 shares of General Dynamics stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the sale, the executive vice president directly owned 38,975 shares of the company’s stock, valued at approximately $13,457,677.75. The trade was a 48.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

General Dynamics Price Performance

GD stock opened at $359.92 on Monday. The business has a fifty day moving average of $340.32 and a two-hundred day moving average of $346.65. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. The stock has a market cap of $97.33 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 2.23 and a beta of 0.34. General Dynamics Corporation has a 52-week low of $275.49 and a 52-week high of $369.70.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The business had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $12.70 billion. During the same period in the previous year, the firm posted $3.66 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. As a group, research analysts anticipate that General Dynamics Corporation will post 16.62 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be paid a $1.59 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s payout ratio is presently 40.03%.

General Dynamics Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.