Koshinski Asset Management Inc. Trims Position in General Dynamics Co. (NYSE:GD)

Koshinski Asset Management Inc. decreased its stake in shares of General Dynamics Co. (NYSE:GD) by 61.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,426 shares of the aerospace company’s stock after selling 2,270 shares during the quarter. Koshinski Asset Management Inc.’s holdings in General Dynamics were worth $370,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in General Dynamics during the 4th quarter worth about $607,393,000. Wellington Management Group LLP increased its holdings in General Dynamics by 12.0% during the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after buying an additional 1,755,276 shares during the period. Price T Rowe Associates Inc. MD raised its stake in General Dynamics by 484.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,749,729 shares of the aerospace company’s stock worth $399,306,000 after buying an additional 1,450,213 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in General Dynamics by 91,832.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,386,337 shares of the aerospace company’s stock worth $343,964,000 after buying an additional 1,384,829 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of General Dynamics by 10,763.2% in the 4th quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock valued at $239,829,000 after acquiring an additional 915,091 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction dated 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 $39,502,023.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction 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 sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the transaction, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

General Dynamics Stock Down 1.1 %

NYSE:GD opened at $284.68 on Tuesday. The firm has a market capitalization of $78.11 billion, a P/E ratio of 23.68, a PEG ratio of 1.83 and a beta of 0.68. The company’s fifty day moving average price is $277.72 and its 200-day moving average price is $258.21. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. 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:GD) last released its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The company had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.58 EPS. As a group, equities research analysts anticipate that General Dynamics Co. will post 14.57 EPS for the current year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.00%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. General Dynamics’s payout ratio is 47.25%.

Analysts Set New Price Targets

GD has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Susquehanna boosted their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Citigroup increased their price objective on General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, StockNews.com downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $283.79.

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.