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

FMR LLC decreased its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 24.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,754,397 shares of the aerospace company's stock after selling 1,186,140 shares during the period. FMR LLC owned 1.37% of General Dynamics worth $989,246,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Prospector Partners LLC increased its stake in shares of General Dynamics by 0.4% during the 4th quarter. Prospector Partners LLC now owns 17,704 shares of the aerospace company's stock valued at $4,665,000 after acquiring an additional 64 shares during the last quarter. Federated Hermes Inc. raised its stake in General Dynamics by 16.4% during the fourth quarter. Federated Hermes Inc. now owns 1,476 shares of the aerospace company's stock worth $389,000 after purchasing an additional 208 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of General Dynamics in the 4th quarter valued at $60,000. Wedbush Securities Inc. grew its stake in shares of General Dynamics by 0.9% during the 4th quarter. Wedbush Securities Inc. now owns 16,615 shares of the aerospace company's stock valued at $4,378,000 after buying an additional 148 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of General Dynamics by 24.2% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,360 shares of the aerospace company's stock worth $1,149,000 after buying an additional 849 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GD shares. Barclays lowered their price target on General Dynamics from $305.00 to $285.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Citigroup dropped their target price on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Dynamics from $303.00 to $295.00 and set a "hold" rating on the stock in a research report on Thursday, January 2nd. JPMorgan Chase & Co. dropped their price objective on shares of General Dynamics from $307.00 to $284.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Finally, Baird R W lowered shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, General Dynamics presently has an average rating of "Hold" and a consensus target price of $296.82.

General Dynamics Stock Up 1.8 %

Shares of GD traded up $4.84 during midday trading on Friday, hitting $276.66. The company had a trading volume of 1,568,464 shares, compared to its average volume of 1,349,389. The stock has a market cap of $74.25 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.69 and a beta of 0.43. The company's 50 day moving average price is $259.48 and its 200 day moving average price is $273.58. 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 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 data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 research analysts predict that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders 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 yield of 2.17%. 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. General Dynamics's payout ratio is currently 43.99%.

Insider Buying and Selling at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 11,175 shares in the company, valued at $2,857,224. The trade was a 13.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. This represents a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is owned by insiders.

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.