General Dynamics Co. (NYSE:GD) Stake Lessened by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC decreased its stake in General Dynamics Co. (NYSE:GD - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,729 shares of the aerospace company's stock after selling 1,968 shares during the period. Barrow Hanley Mewhinney & Strauss LLC's holdings in General Dynamics were worth $26,541,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Schroder Investment Management Group grew its holdings in General Dynamics by 6.3% during the 4th quarter. Schroder Investment Management Group now owns 22,335 shares of the aerospace company's stock valued at $5,885,000 after purchasing an additional 1,324 shares in the last quarter. Strategy Asset Managers LLC boosted its position in General Dynamics by 0.3% in the 4th quarter. Strategy Asset Managers LLC now owns 23,282 shares of the aerospace company's stock valued at $6,135,000 after buying an additional 74 shares during the last quarter. Allianz SE acquired a new stake in shares of General Dynamics during the fourth quarter valued at about $90,000. Transamerica Financial Advisors Inc. increased its position in shares of General Dynamics by 14.3% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 2,566 shares of the aerospace company's stock worth $676,000 after acquiring an additional 322 shares during the last quarter. Finally, Allstate Corp acquired a new position in shares of General Dynamics in the fourth quarter worth about $1,825,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Buying and Selling

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the sale, the senior vice president now directly owns 45,192 shares of the company's stock, valued at $12,297,195.12. This trade represents a 37.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now directly owns 11,175 shares in the company, valued at $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

GD has been the topic of several analyst reports. UBS Group dropped their price objective on General Dynamics from $337.00 to $281.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Baird R W downgraded General Dynamics from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price target on General Dynamics from $307.00 to $284.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Susquehanna raised their price objective on General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research note on Wednesday. Finally, Wolfe Research downgraded shares of General Dynamics from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $298.59.

General Dynamics Stock Performance

General Dynamics stock traded down $12.56 during mid-day trading on Friday, hitting $257.06. 579,654 shares of the company's stock traded hands, compared to its average volume of 1,313,322. General Dynamics Co. has a one year low of $239.87 and a one year high of $316.90. The company has a market cap of $68.99 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The firm has a 50 day moving average price of $259.07 and a 200 day moving average price of $276.14. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing the consensus estimate 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, equities analysts forecast that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio (DPR) is currently 43.99%.

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.