Qtron Investments LLC Sells 1,381 Shares of General Dynamics Co. (NYSE:GD)

Qtron Investments LLC lessened its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 40.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,004 shares of the aerospace company's stock after selling 1,381 shares during the quarter. Qtron Investments LLC's holdings in General Dynamics were worth $528,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of General Dynamics by 43.1% during the third quarter. Barclays PLC now owns 942,485 shares of the aerospace company's stock valued at $284,818,000 after purchasing an additional 283,972 shares in the last quarter. Tudor Financial Inc. bought a new position in General Dynamics during the third quarter valued at approximately $393,000. Pine Valley Investments Ltd Liability Co grew its holdings in General Dynamics by 4.0% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 9,078 shares of the aerospace company's stock valued at $2,743,000 after buying an additional 352 shares in the last quarter. World Investment Advisors LLC bought a new stake in General Dynamics in the 3rd quarter worth approximately $3,892,000. Finally, Arvest Bank Trust Division purchased a new stake in shares of General Dynamics during the 3rd quarter worth approximately $20,667,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction 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 sale, the director now owns 11,175 shares of the company's stock, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's 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 transaction, the senior vice president now directly owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. The trade was a 37.88 % 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 corporate insiders.

General Dynamics Price Performance

General Dynamics stock opened at $276.66 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The stock has a market cap of $74.25 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The firm has a 50-day moving average of $259.48 and a two-hundred day moving average of $273.77. General Dynamics Co. has a 1 year low of $239.20 and a 1 year high of $316.90.

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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, research analysts forecast that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be paid a dividend of $1.50 per share. The ex-dividend date is Friday, April 11th. This represents a $6.00 annualized dividend and a dividend yield of 2.17%. 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%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GD. Wells Fargo & Company cut their target price on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Citigroup dropped their price objective on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on shares of General Dynamics from $307.00 to $284.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. BTIG Research lowered General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. Finally, William Blair downgraded General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, General Dynamics has a consensus 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.

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