Canada Pension Plan Investment Board Sells 40,000 Shares of General Dynamics Co. (NYSE:GD)

Canada Pension Plan Investment Board trimmed its stake in shares of General Dynamics Co. (NYSE:GDFree Report) by 44.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 50,650 shares of the aerospace company’s stock after selling 40,000 shares during the quarter. Canada Pension Plan Investment Board’s holdings in General Dynamics were worth $11,192,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Certified Advisory Corp bought a new stake in shares of General Dynamics during the 1st quarter worth $25,000. Briaud Financial Planning Inc bought a new stake in shares of General Dynamics during the 3rd quarter worth $27,000. NewSquare Capital LLC lifted its position in shares of General Dynamics by 153.7% during the 2nd quarter. NewSquare Capital LLC now owns 137 shares of the aerospace company’s stock worth $29,000 after buying an additional 83 shares during the last quarter. Impact Partnership Wealth LLC lifted its position in shares of General Dynamics by 411.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after buying an additional 107 shares during the last quarter. Finally, Live Oak Investment Partners bought a new stake in shares of General Dynamics during the 4th quarter worth $30,000. 86.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of 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 is available at this hyperlink. In other news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the transaction, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the transaction, the executive vice president now owns 149,205 shares in the company, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

General Dynamics Trading Down 0.3 %

NYSE GD opened at $269.39 on Tuesday. The business has a 50 day simple moving average of $257.10 and a 200 day simple moving average of $240.66. General Dynamics Co. has a one year low of $202.35 and a one year high of $271.36. The stock has a market capitalization of $73.81 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.72 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92.

General Dynamics (NYSE:GDGet Free Report) last released its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. During the same period in the prior year, the business earned $3.58 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts expect that General Dynamics Co. will post 14.58 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 19th were paid a $1.32 dividend. The ex-dividend date was Thursday, January 18th. This represents a $5.28 dividend on an annualized basis and a yield of 1.96%. General Dynamics’s dividend payout ratio (DPR) is presently 43.93%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Susquehanna increased their target price on General Dynamics from $270.00 to $285.00 and gave the company a “positive” rating in a research report on Thursday, October 26th. StockNews.com downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Bank Of America (Bofa) increased their target price on General Dynamics from $295.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Citigroup increased their target price on General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, UBS Group increased their target price on General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $271.69.

View Our Latest Analysis on General Dynamics

General Dynamics Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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