General Dynamics Co. (NYSE:GD) Shares Sold by Investment Partners LTD.

Investment Partners LTD. lowered its position in shares of General Dynamics Co. (NYSE:GD) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,920 shares of the aerospace company’s stock after selling 100 shares during the period. Investment Partners LTD.’s holdings in General Dynamics were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC increased its holdings in shares of General Dynamics by 1,261.1% during the 4th quarter. Headlands Technologies LLC now owns 735 shares of the aerospace company’s stock worth $191,000 after buying an additional 681 shares during the last quarter. Bahl & Gaynor Inc. increased its holdings in General Dynamics by 3.0% in the 4th quarter. Bahl & Gaynor Inc. now owns 3,064 shares of the aerospace company’s stock valued at $796,000 after purchasing an additional 89 shares during the last quarter. Syon Capital LLC increased its holdings in General Dynamics by 30.0% in the 4th quarter. Syon Capital LLC now owns 2,026 shares of the aerospace company’s stock valued at $526,000 after purchasing an additional 468 shares during the last quarter. Meritage Portfolio Management increased its holdings in General Dynamics by 29.7% in the 4th quarter. Meritage Portfolio Management now owns 1,328 shares of the aerospace company’s stock valued at $345,000 after purchasing an additional 304 shares during the last quarter. Finally, Roffman Miller Associates Inc. PA increased its holdings in General Dynamics by 648.1% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 39,587 shares of the aerospace company’s stock valued at $10,280,000 after purchasing an additional 34,295 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the sale, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GD has been the subject of several research reports. UBS Group boosted their price target on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. boosted their price target on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research note on Thursday. StockNews.com raised shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Royal Bank of Canada decreased their price objective on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Susquehanna lifted their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $285.63.

General Dynamics Stock Performance

Shares of General Dynamics stock traded down $0.49 on Friday, reaching $284.41. 1,244,205 shares of the stock were exchanged, compared to its average volume of 1,231,567. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average price of $280.86 and a two-hundred day moving average price of $261.71. The firm has a market capitalization of $78.03 billion, a PE ratio of 23.20, a PEG ratio of 1.81 and a beta of 0.68.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter last year, the firm earned $2.64 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts anticipate that General Dynamics Co. will post 14.56 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be given a dividend of $1.42 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, April 11th. General Dynamics’s dividend payout ratio is presently 46.33%.

General Dynamics Company 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.