Bailard Inc. Sells 140 Shares of General Dynamics Co. (GD)

Bailard Inc. trimmed its position in shares of General Dynamics Co. (NYSE:GD) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,538 shares of the aerospace company’s stock after selling 140 shares during the quarter. Bailard Inc.’s holdings in General Dynamics were worth $871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of GD. Financial Gravity Companies Inc. bought a new stake in General Dynamics during the fourth quarter worth about $25,000. We Are One Seven LLC bought a new stake in General Dynamics during the fourth quarter worth about $27,000. Moody National Bank Trust Division grew its stake in General Dynamics by 120.0% during the fourth quarter. Moody National Bank Trust Division now owns 363 shares of the aerospace company’s stock worth $57,000 after buying an additional 198 shares during the last quarter. Csenge Advisory Group bought a new stake in General Dynamics during the third quarter worth about $80,000. Finally, Capital Investment Advisory Services LLC bought a new stake in General Dynamics during the fourth quarter worth about $94,000. 89.04% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Christopher J. Brady sold 2,327 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $171.23, for a total value of $398,452.21. Following the transaction, the vice president now directly owns 5,134 shares in the company, valued at $879,094.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Catherine B. Reynolds acquired 600 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The stock was acquired at an average price of $167.64 per share, for a total transaction of $100,584.00. Following the completion of the acquisition, the director now directly owns 1,153 shares of the company’s stock, valued at $193,288.92. The disclosure for this purchase can be found here. Corporate insiders own 6.90% of the company’s stock.



GD has been the topic of several research analyst reports. Cowen reaffirmed a “buy” rating and set a $253.00 price objective on shares of General Dynamics in a research note on Monday, October 15th. Wells Fargo & Co decreased their price objective on shares of General Dynamics from $250.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Citigroup decreased their price objective on shares of General Dynamics from $210.00 to $195.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. Robert W. Baird decreased their price objective on shares of General Dynamics from $243.00 to $222.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Finally, Credit Suisse Group decreased their price objective on shares of General Dynamics from $229.00 to $216.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $208.23.

GD opened at $170.93 on Tuesday. General Dynamics Co. has a one year low of $143.87 and a one year high of $230.00. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.98. The company has a market cap of $51.04 billion, a PE ratio of 14.97, a P/E/G ratio of 1.60 and a beta of 1.16.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 30th. The aerospace company reported $3.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.09. General Dynamics had a net margin of 9.24% and a return on equity of 28.33%. The business had revenue of $10.38 billion for the quarter, compared to analysts’ expectations of $10.34 billion. During the same period in the prior year, the firm earned $2.50 earnings per share. General Dynamics’s revenue was up 25.4% compared to the same quarter last year. As a group, equities analysts anticipate that General Dynamics Co. will post 11.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 8th. Investors of record on Friday, January 18th were issued a $0.93 dividend. The ex-dividend date of this dividend was Thursday, January 17th. This represents a $3.72 annualized dividend and a yield of 2.18%. General Dynamics’s dividend payout ratio is currently 32.57%.

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About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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

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