General Dynamics Co. (NYSE:GD) Holdings Lowered by Shell Asset Management Co.

Shell Asset Management Co. trimmed its stake in shares of General Dynamics Co. (NYSE:GD) by 46.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,776 shares of the aerospace company’s stock after selling 1,510 shares during the period. Shell Asset Management Co.’s holdings in General Dynamics were worth $502,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GD. Legend Financial Advisors Inc. increased its position in General Dynamics by 46.8% in the 1st quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 36 shares during the last quarter. Diversified Trust Co increased its position in General Dynamics by 2.5% in the 1st quarter. Diversified Trust Co now owns 1,503 shares of the aerospace company’s stock worth $425,000 after purchasing an additional 36 shares during the last quarter. Fulton Bank N.A. increased its position in General Dynamics by 1.1% in the 1st quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock worth $932,000 after purchasing an additional 37 shares during the last quarter. Copperwynd Financial LLC increased its holdings in shares of General Dynamics by 3.7% during the 4th quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock valued at $274,000 after acquiring an additional 38 shares during the last quarter. Finally, Woodward Diversified Capital LLC increased its holdings in shares of General Dynamics by 2.3% during the 4th quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock valued at $448,000 after acquiring an additional 39 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Trading Down 0.5 %

Shares of NYSE:GD traded down $1.31 during midday trading on Friday, hitting $289.67. The company had a trading volume of 337,776 shares, compared to its average volume of 1,067,419. General Dynamics Co. has a 12 month low of $214.53 and a 12 month high of $302.75. The company has a current ratio of 1.33, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The stock has a market cap of $79.47 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.63 and a beta of 0.60. The firm has a fifty day simple moving average of $292.82 and a 200 day simple moving average of $281.91.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The company had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the prior year, the business earned $2.70 earnings per share. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, analysts predict that General Dynamics Co. will post 14.54 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be issued a dividend of $1.42 per share. The ex-dividend date is Friday, July 5th. This represents a $5.68 annualized dividend and a yield of 1.96%. General Dynamics’s dividend payout ratio is presently 46.33%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GD. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price objective on shares of General Dynamics in a report on Thursday. Citigroup increased their target price on General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft decreased their target price on General Dynamics from $324.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group upgraded General Dynamics from a “hold” rating to a “buy” rating and increased their target price for the company from $305.00 to $335.00 in a research note on Monday, April 29th. Finally, Wells Fargo & Company increased their target price on General Dynamics from $330.00 to $334.00 and gave the company an “overweight” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $311.33.

Insiders Place Their Bets

In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of General Dynamics stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the transaction, the chief financial officer now directly owns 79,255 shares in the company, valued at $23,630,670.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Kimberly A. Kuryea sold 13,344 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total value of $3,978,647.04. Following the sale, the chief financial officer now directly owns 79,255 shares in the company, valued at $23,630,670.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leon Rudy F. De sold 2,570 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $288.00, for a total value of $740,160.00. Following the completion of the sale, the director now owns 5,518 shares in the company, valued at $1,589,184. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,636 shares of company stock worth $20,209,317. Corporate insiders own 1.52% of the company’s stock.

General Dynamics 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.