General Dynamics Co. (NYSE:GD) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,618 shares of the aerospace company's stock after selling 3,029 shares during the quarter. Atria Investments Inc's holdings in General Dynamics were worth $9,912,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Assetmark Inc. grew its holdings in shares of General Dynamics by 20.4% during the fourth quarter. Assetmark Inc. now owns 68,777 shares of the aerospace company's stock worth $18,122,000 after buying an additional 11,669 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in shares of General Dynamics during the 4th quarter valued at about $31,000. SWS Partners boosted its position in shares of General Dynamics by 3.1% during the 4th quarter. SWS Partners now owns 7,727 shares of the aerospace company's stock valued at $2,036,000 after acquiring an additional 231 shares during the last quarter. Westover Capital Advisors LLC boosted its position in shares of General Dynamics by 1.9% during the 4th quarter. Westover Capital Advisors LLC now owns 5,439 shares of the aerospace company's stock valued at $1,433,000 after acquiring an additional 100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of General Dynamics by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,577,075 shares of the aerospace company's stock valued at $415,543,000 after acquiring an additional 39,926 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

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Insider Buying and Selling

In related news, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now directly owns 11,175 shares of the company's stock, valued at $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.60% of the company's stock.

General Dynamics Stock Up 2.7 %

Shares of GD traded up $7.27 during mid-day trading on Friday, hitting $271.82. 1,978,836 shares of the company's stock were exchanged, compared to its average volume of 1,795,760. The company has a market cap of $73.49 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 1.69 and a beta of 0.59. General Dynamics Co. has a fifty-two week low of $239.87 and a fifty-two week high of $316.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The stock's 50-day moving average is $257.80 and its 200-day moving average is $279.99.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing analysts' consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, sell-side analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics announced that its board has approved a share repurchase plan on Wednesday, December 4th that allows the company to repurchase 10,000,000 shares. This repurchase authorization allows the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a dividend yield of 2.21%. General Dynamics's dividend payout ratio (DPR) is currently 41.64%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Baird R W cut shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Jefferies Financial Group reissued a "hold" rating and set a $300.00 price target (down previously from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. The Goldman Sachs Group lowered their price target on shares of General Dynamics from $245.00 to $241.00 and set a "sell" rating on the stock in a research report on Tuesday, January 28th. Robert W. Baird reaffirmed a "neutral" rating and issued a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Finally, Citigroup decreased their target price on shares of General Dynamics from $360.00 to $335.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of "Hold" and an average target price of $297.71.

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.