General Dynamics Co. (NYSE:GD) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,470 shares of the aerospace company's stock after selling 10,055 shares during the period. Cerity Partners LLC's holdings in General Dynamics were worth $16,992,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sierra Summit Advisors LLC increased its stake in shares of General Dynamics by 34.9% in the fourth quarter. Sierra Summit Advisors LLC now owns 4,672 shares of the aerospace company's stock worth $1,231,000 after buying an additional 1,208 shares during the period. Prospector Partners LLC lifted its position in General Dynamics by 0.4% during the fourth quarter. Prospector Partners LLC now owns 17,704 shares of the aerospace company's stock valued at $4,665,000 after buying an additional 64 shares during the period. Federated Hermes Inc. boosted its holdings in shares of General Dynamics by 16.4% during the 4th quarter. Federated Hermes Inc. now owns 1,476 shares of the aerospace company's stock valued at $389,000 after buying an additional 208 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of General Dynamics in the 4th quarter worth about $60,000. Finally, Wedbush Securities Inc. boosted its position in shares of General Dynamics by 0.9% in the 4th quarter. Wedbush Securities Inc. now owns 16,615 shares of the aerospace company's stock worth $4,378,000 after purchasing an additional 148 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

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Insider Transactions at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the sale, the director now directly owns 11,175 shares in the company, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the transaction, the senior vice president now directly owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. This trade represents a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.52% of the company's stock.

General Dynamics Stock Down 0.1 %

NYSE:GD traded down $0.14 during trading hours on Tuesday, hitting $278.64. The company's stock had a trading volume of 396,957 shares, compared to its average volume of 1,345,363. The stock has a market capitalization of $74.78 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average of $259.89 and a 200-day moving average of $273.43. General Dynamics Co. has a 52-week low of $239.20 and a 52-week high of $316.90.

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

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from General Dynamics's previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, April 11th. General Dynamics's dividend payout ratio is presently 43.99%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GD. BTIG Research cut General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. TD Cowen decreased their price objective on General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Vertical Research lowered shares of General Dynamics from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $352.00 to $290.00 in a research note on Monday, January 6th. Royal Bank of Canada reduced their target price on shares of General Dynamics from $290.00 to $280.00 and set a "sector perform" rating for the company in a report on Thursday, January 30th. Finally, The Goldman Sachs Group lowered their price objective on General Dynamics from $245.00 to $241.00 and set a "sell" rating on the stock in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $296.82.

About General Dynamics

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.