Unison Advisors LLC Increases Position in General Dynamics Co. (NYSE:GD)

Unison Advisors LLC lifted its position in shares of General Dynamics Co. (NYSE:GD) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,766 shares of the aerospace company’s stock after purchasing an additional 75 shares during the period. General Dynamics comprises approximately 0.6% of Unison Advisors LLC’s portfolio, making the stock its 24th largest position. Unison Advisors LLC’s holdings in General Dynamics were worth $4,864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GD. MeadowBrook Investment Advisors LLC acquired a new stake in General Dynamics during the fourth quarter worth approximately $25,000. Richardson Financial Services Inc. acquired a new stake in General Dynamics during the 4th quarter worth $25,000. Redmont Wealth Advisors LLC purchased a new stake in General Dynamics in the first quarter valued at $25,000. Financial Synergies Wealth Advisors Inc. acquired a new position in General Dynamics in the first quarter valued at $29,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of General Dynamics during the first quarter worth about $29,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In related news, VP William A. Moss sold 21,050 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $294.85, for a total value of $6,206,592.50. Following the sale, the vice president now directly owns 16,624 shares of the company’s stock, valued at approximately $4,901,586.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the transaction, the chief financial officer now owns 79,255 shares of the company’s stock, valued at $23,630,670.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP William A. Moss sold 21,050 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $294.85, for a total value of $6,206,592.50. Following the completion of the sale, the vice president now owns 16,624 shares in the company, valued at $4,901,586.40. The disclosure for this sale can be found here. Insiders sold a total of 46,483 shares of company stock worth $13,770,716 over the last 90 days. 1.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of General Dynamics in a report on Monday, July 29th. Citigroup raised their price objective on shares of General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group upped their target price on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Jefferies Financial Group upgraded General Dynamics from a “hold” rating to a “buy” rating and boosted their price target for the company from $305.00 to $335.00 in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. lifted their target price on General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $315.06.

General Dynamics Price Performance

Shares of GD traded up $2.19 during trading hours on Friday, reaching $292.99. The company had a trading volume of 1,028,622 shares, compared to its average volume of 1,070,579. The company has a market capitalization of $80.39 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 1.68 and a beta of 0.60. General Dynamics Co. has a 12-month low of $214.53 and a 12-month high of $302.75. The firm has a 50 day simple moving average of $291.27 and a 200-day simple moving average of $285.16. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The company had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. General Dynamics’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.70 earnings per share. Research analysts expect that General Dynamics Co. will post 14.5 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

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.