General Dynamics Corporation (GD) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC lowered its position in General Dynamics Corporation (NYSE:GD) by 8.9% during the second quarter, Holdings Channel reports. The firm owned 6,128 shares of the aerospace company’s stock after selling 600 shares during the period. Acropolis Investment Management LLC’s holdings in General Dynamics Corporation were worth $1,214,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Boys Arnold & Co. Inc. boosted its position in General Dynamics Corporation by 0.4% in the first quarter. Boys Arnold & Co. Inc. now owns 15,512 shares of the aerospace company’s stock worth $2,904,000 after buying an additional 65 shares during the period. Ledyard National Bank raised its stake in General Dynamics Corporation by 35.6% in the first quarter. Ledyard National Bank now owns 1,085 shares of the aerospace company’s stock worth $203,000 after buying an additional 285 shares in the last quarter. Trust Department MB Financial Bank N A raised its stake in General Dynamics Corporation by 7.1% in the first quarter. Trust Department MB Financial Bank N A now owns 49,439 shares of the aerospace company’s stock worth $9,255,000 after buying an additional 3,282 shares in the last quarter. Barometer Capital Management Inc. raised its stake in General Dynamics Corporation by 4.5% in the first quarter. Barometer Capital Management Inc. now owns 133,300 shares of the aerospace company’s stock worth $24,954,000 after buying an additional 5,800 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in General Dynamics Corporation by 4.4% in the first quarter. Capital Investment Advisors LLC now owns 2,247 shares of the aerospace company’s stock worth $421,000 after buying an additional 95 shares in the last quarter. 86.77% of the stock is currently owned by institutional investors.

General Dynamics Corporation (NYSE GD) traded up 0.6509% during midday trading on Friday, reaching $199.2788. 526,601 shares of the company’s stock traded hands. General Dynamics Corporation has a 52-week low of $148.76 and a 52-week high of $205.90. The firm has a market cap of $59.74 billion, a PE ratio of 19.6877 and a beta of 0.71. The firm’s 50-day moving average is $199.74 and its 200 day moving average is $194.33.

General Dynamics Corporation (NYSE:GD) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The business’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.30 earnings per share. Equities research analysts expect that General Dynamics Corporation will post $9.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 annualized dividend and a dividend yield of 1.70%. General Dynamics Corporation’s dividend payout ratio is presently 34.57%.

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GD has been the topic of a number of analyst reports. Cowen and Company restated a “buy” rating and issued a $210.00 target price on shares of General Dynamics Corporation in a report on Monday, July 17th. BidaskClub lowered shares of General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Sanford C. Bernstein restated a “mkt perform” rating on shares of General Dynamics Corporation in a report on Wednesday, May 10th. Barclays PLC restated an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of General Dynamics Corporation in a report on Monday, May 1st. Finally, Zacks Investment Research lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. General Dynamics Corporation has a consensus rating of “Buy” and an average price target of $206.59.

In other news, VP Christopher Marzilli sold 43,890 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total value of $8,838,129.30. Following the transaction, the vice president now owns 107,857 shares in the company, valued at $21,719,164.09. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.70% of the company’s stock.

General Dynamics Corporation Company Profile

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

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