Epoch Investment Partners Inc. Has $31.56 Million Stock Position in General Dynamics Co. (NYSE:GD)

Epoch Investment Partners Inc. trimmed its holdings in shares of General Dynamics Co. (NYSE:GD) by 13.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 111,722 shares of the aerospace company’s stock after selling 17,056 shares during the period. Epoch Investment Partners Inc.’s holdings in General Dynamics were worth $31,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Legend Financial Advisors Inc. raised its stake in shares of General Dynamics by 46.8% during the first quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 36 shares during the last quarter. Diversified Trust Co raised its stake in General Dynamics by 2.5% in the first quarter. Diversified Trust Co now owns 1,503 shares of the aerospace company’s stock worth $425,000 after buying an additional 36 shares in the last quarter. Fulton Bank N.A. raised its stake in General Dynamics by 1.1% in the first quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock worth $932,000 after buying an additional 37 shares in the last quarter. Copperwynd Financial LLC grew its holdings in General Dynamics by 3.7% in the fourth quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock worth $274,000 after purchasing an additional 38 shares during the period. Finally, Woodward Diversified Capital LLC grew its holdings in General Dynamics by 2.3% in the fourth quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock worth $448,000 after purchasing an additional 39 shares during the period. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of General Dynamics stock in a transaction on Monday, April 29th. The shares were sold at an average price of $288.51, for a total value of $3,914,215.17. Following the sale, the vice president now directly owns 103,345 shares in the company, valued at approximately $29,816,065.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of General Dynamics stock in a transaction on Monday, April 29th. The shares were sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the transaction, the vice president now directly owns 103,345 shares of the company’s stock, valued at approximately $29,816,065.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kimberly A. Kuryea sold 13,344 shares of General Dynamics stock in a transaction dated 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 transaction, the chief financial officer now directly owns 79,255 shares of the company’s stock, valued at $23,630,670.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,636 shares of company stock worth $20,209,317. Insiders own 1.52% of the company’s stock.

General Dynamics Price Performance

Shares of GD stock traded down $0.58 on Friday, hitting $290.40. 1,079,838 shares of the stock traded hands, compared to its average volume of 1,187,075. The firm has a market cap of $79.80 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.66 and a beta of 0.60. General Dynamics Co. has a 52 week low of $214.53 and a 52 week high of $302.75. The firm has a 50 day simple moving average of $292.65 and a two-hundred day simple moving average of $282.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.87.

General Dynamics (NYSE:GD) last announced its quarterly earnings data 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 firm had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.70 earnings per share. As a group, equities research analysts predict that General Dynamics Co. will post 14.51 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be issued a $1.42 dividend. The ex-dividend date is Friday, July 5th. This represents a $5.68 dividend on an annualized basis and a yield of 1.96%. General Dynamics’s dividend payout ratio is currently 46.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GD. The Goldman Sachs Group upped their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Citigroup upped their price objective on shares of General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of General Dynamics in a report on Thursday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $311.33.

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.