Cullen Capital Management LLC Has $195.50 Million Position in General Dynamics Co. (NYSE:GD)

Cullen Capital Management LLC reduced its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 741,965 shares of the aerospace company's stock after selling 19,254 shares during the quarter. General Dynamics accounts for about 2.2% of Cullen Capital Management LLC's investment portfolio, making the stock its 18th largest holding. Cullen Capital Management LLC owned about 0.27% of General Dynamics worth $195,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners bought a new stake in shares of General Dynamics in the 4th quarter valued at approximately $25,000. Whipplewood Advisors LLC bought a new stake in General Dynamics during the fourth quarter valued at $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Dynamics during the fourth quarter worth $26,000. Heck Capital Advisors LLC bought a new position in shares of General Dynamics in the 4th quarter worth about $28,000. Finally, Hoey Investments Inc. acquired a new position in shares of General Dynamics in the 4th quarter valued at about $28,000. Institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Citigroup decreased their target price on General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research note on Thursday. William Blair lowered General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Royal Bank of Canada dropped their target price on General Dynamics from $290.00 to $280.00 and set a "sector perform" rating on the stock in a research report on Thursday, January 30th. Jefferies Financial Group restated a "hold" rating and issued a $300.00 target price (down from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $283.00 price target (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $296.82.

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Insider Transactions at General Dynamics

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the transaction, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. This represents a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction that occurred 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 completion of the sale, the director now 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 disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

General Dynamics Trading Down 1.6 %

Shares of General Dynamics stock traded down $4.39 on Thursday, reaching $267.13. 969,914 shares of the company were exchanged, compared to its average volume of 1,727,741. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a fifty-two week low of $239.20 and a fifty-two week high of $316.90. The firm has a market capitalization of $71.69 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The stock has a fifty day moving average price of $258.79 and a 200-day moving average price of $274.17.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 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, analysts expect that General Dynamics Co. will post 14.83 EPS 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. The ex-dividend date of this dividend is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.25%. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio is presently 43.99%.

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.