Columbus Macro LLC Has $435,000 Stock Holdings in General Dynamics Co. (NYSE:GD)

Columbus Macro LLC cut its position in General Dynamics Co. (NYSE:GD) by 19.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,380 shares of the aerospace company’s stock after selling 557 shares during the quarter. Columbus Macro LLC’s holdings in General Dynamics were worth $435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen Asset Management LLC boosted its stake in General Dynamics by 852.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,044,973 shares of the aerospace company’s stock valued at $189,997,000 after purchasing an additional 935,275 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in General Dynamics by 18,507.6% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 926,285 shares of the aerospace company’s stock valued at $92,628,000 after purchasing an additional 921,307 shares during the last quarter. Impala Asset Management LLC acquired a new position in General Dynamics during the 2nd quarter valued at about $94,759,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in General Dynamics by 11.4% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,748,497 shares of the aerospace company’s stock valued at $681,552,000 after purchasing an additional 383,200 shares during the last quarter. Finally, Farallon Capital Management LLC boosted its stake in General Dynamics by 23.5% during the 2nd quarter. Farallon Capital Management LLC now owns 1,335,214 shares of the aerospace company’s stock valued at $242,769,000 after purchasing an additional 253,726 shares during the last quarter. Institutional investors own 86.27% of the company’s stock.

Shares of General Dynamics stock traded up $3.37 during mid-day trading on Thursday, hitting $176.93. 179,636 shares of the stock were exchanged, compared to its average volume of 1,060,788. General Dynamics Co. has a 12 month low of $143.87 and a 12 month high of $193.76. The company has a 50-day simple moving average of $183.17 and a 200 day simple moving average of $179.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.73 and a current ratio of 1.09. The company has a market capitalization of $51.96 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.74 and a beta of 1.20.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported $3.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.06 by $0.08. General Dynamics had a net margin of 8.65% and a return on equity of 26.81%. The firm had revenue of $9.76 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter last year, the firm earned $2.89 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts predict that General Dynamics Co. will post 11.88 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, October 10th. This represents a $4.08 annualized dividend and a dividend yield of 2.31%. General Dynamics’s dividend payout ratio is currently 35.73%.

A number of research firms have issued reports on GD. Morgan Stanley cut their price target on General Dynamics from $173.00 to $172.00 and set an “underweight” rating for the company in a research note on Thursday, October 10th. Barclays set a $215.00 price target on General Dynamics and gave the company a “buy” rating in a research note on Tuesday, October 8th. Cowen set a $202.00 price target on General Dynamics and gave the company a “buy” rating in a research note on Friday, August 30th. Robert W. Baird lifted their price target on General Dynamics from $188.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Finally, Zacks Investment Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $203.00 price target for the company in a research note on Monday, September 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $193.58.

In related news, Director William A. Osborn sold 1,500 shares of General Dynamics stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $182.56, for a total value of $273,840.00. Following the sale, the director now owns 37,585 shares of the company’s stock, valued at approximately $6,861,517.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher Marzilli sold 32,930 shares of General Dynamics stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $187.16, for a total transaction of $6,163,178.80. Following the completion of the sale, the executive vice president now directly owns 100,557 shares in the company, valued at approximately $18,820,248.12. The disclosure for this sale can be found here. Insiders sold a total of 48,459 shares of company stock worth $9,079,802 in the last ninety days. 7.10% of the stock is currently owned by insiders.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

Featured Article: Stochastic Momentum Index (SMI)

Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Co. (NYSE:GD).

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

Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.