FourThought Financial LLC Reduces Stake in General Dynamics Co. (NYSE:GD)

FourThought Financial LLC reduced its stake in General Dynamics Co. (NYSE:GD – Get Rating) by 12.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,425 shares of the aerospace company’s stock after selling 330 shares during the period. FourThought Financial LLC’s holdings in General Dynamics were worth $515,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC grew its holdings in shares of General Dynamics by 3.7% during the 3rd quarter. Harbor Investment Advisory LLC now owns 1,163 shares of the aerospace company’s stock worth $247,000 after purchasing an additional 41 shares during the period. Valmark Advisers Inc. grew its holdings in shares of General Dynamics by 0.5% during the 3rd quarter. Valmark Advisers Inc. now owns 7,503 shares of the aerospace company’s stock worth $1,592,000 after purchasing an additional 41 shares during the period. TRUE Private Wealth Advisors grew its holdings in shares of General Dynamics by 4.1% during the 3rd quarter. TRUE Private Wealth Advisors now owns 1,070 shares of the aerospace company’s stock worth $227,000 after purchasing an additional 42 shares during the period. Linscomb & Williams Inc. grew its holdings in shares of General Dynamics by 0.3% during the 2nd quarter. Linscomb & Williams Inc. now owns 15,221 shares of the aerospace company’s stock worth $3,368,000 after purchasing an additional 44 shares during the period. Finally, Exencial Wealth Advisors LLC grew its holdings in shares of General Dynamics by 3.7% during the 3rd quarter. Exencial Wealth Advisors LLC now owns 1,220 shares of the aerospace company’s stock worth $259,000 after purchasing an additional 44 shares during the period. 84.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GD has been the topic of several research reports. StockNews.com lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Monday. Cowen increased their target price on General Dynamics from $260.00 to $285.00 in a research note on Tuesday, January 3rd. Citigroup decreased their target price on General Dynamics from $298.00 to $283.00 and set a “buy” rating on the stock in a research note on Thursday, January 26th. Susquehanna decreased their target price on General Dynamics from $285.00 to $263.00 in a research note on Thursday, January 26th. Finally, Morgan Stanley increased their target price on General Dynamics from $243.00 to $248.00 in a research note on Thursday, January 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average target price of $267.15.

General Dynamics Price Performance

GD stock opened at $220.05 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.37 and a quick ratio of 0.96. The firm has a market capitalization of $60.39 billion, a P/E ratio of 18.04, a P/E/G ratio of 2.00 and a beta of 0.84. The business’s 50-day moving average is $232.14 and its two-hundred day moving average is $236.91. General Dynamics Co. has a 1 year low of $207.42 and a 1 year high of $256.86.

General Dynamics (NYSE:GD – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The aerospace company reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.53 by $0.05. General Dynamics had a return on equity of 18.93% and a net margin of 8.60%. The company had revenue of $10.85 billion for the quarter, compared to analyst estimates of $10.66 billion. During the same quarter last year, the company earned $3.39 EPS. General Dynamics’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that General Dynamics Co. will post 12.74 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Stockholders of record on Friday, April 14th will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Thursday, April 13th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.26. General Dynamics’s dividend payout ratio (DPR) is 41.31%.

Insider Transactions at General Dynamics

In other news, VP Mark Lagrand Burns sold 27,600 shares of the firm’s stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $226.93, for a total transaction of $6,263,268.00. Following the sale, the vice president now owns 56,909 shares of the company’s stock, valued at approximately $12,914,359.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Profile

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General Dynamics Corp. is a global aerospace and defense company, which engages in design, engineering, and manufacturing to deliver state-of-the-art solutions. It operates through the following business segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment designs, manufactures, and sells business jets.