MassMutual Private Wealth & Trust FSB Sells 2,413 Shares of General Dynamics Co. (NYSE:GD)

MassMutual Private Wealth & Trust FSB trimmed its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,116 shares of the aerospace company's stock after selling 2,413 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in General Dynamics were worth $3,192,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in shares of General Dynamics by 40,389.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company's stock worth $416,876,000 after buying an additional 1,376,065 shares in the last quarter. State Street Corp raised its position in General Dynamics by 9.4% in the third quarter. State Street Corp now owns 10,945,110 shares of the aerospace company's stock worth $3,307,612,000 after acquiring an additional 943,247 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of General Dynamics by 13.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company's stock valued at $1,674,998,000 after purchasing an additional 638,342 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of General Dynamics by 117.0% in the 3rd quarter. Two Sigma Advisers LP now owns 858,600 shares of the aerospace company's stock worth $259,469,000 after purchasing an additional 463,000 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in shares of General Dynamics by 2,189.3% in the 2nd quarter. 1832 Asset Management L.P. now owns 374,207 shares of the aerospace company's stock worth $108,572,000 after purchasing an additional 357,861 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the sale, the vice president now owns 20,296 shares of the company's stock, valued at $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

General Dynamics Stock Up 1.7 %

GD traded up $4.63 during trading on Tuesday, reaching $271.30. 2,444,236 shares of the stock traded hands, compared to its average volume of 1,524,386. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. General Dynamics Co. has a fifty-two week low of $247.88 and a fifty-two week high of $316.90. The stock's 50-day simple moving average is $271.92 and its two-hundred day simple moving average is $288.09. The stock has a market cap of $74.60 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.41 and a beta of 0.61.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). The firm had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.04 EPS. As a group, equities research analysts expect that General Dynamics Co. will post 13.81 EPS for the current year.

General Dynamics declared that its board has approved a share repurchase program on Wednesday, December 4th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.09%. General Dynamics's dividend payout ratio is currently 43.26%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GD shares. Susquehanna decreased their price target on shares of General Dynamics from $330.00 to $315.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Baird R W cut General Dynamics from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Robert W. Baird reaffirmed a "neutral" rating and set a $283.00 target price (down from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Barclays dropped their price target on General Dynamics from $330.00 to $305.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Finally, Citigroup upped their price objective on shares of General Dynamics from $354.00 to $360.00 and gave the company a "buy" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $304.88.

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.