Rockefeller Capital Management L.P. Sells 23,417 Shares of General Dynamics Co. (NYSE:GD)

Rockefeller Capital Management L.P. lowered its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 19.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 95,265 shares of the aerospace company's stock after selling 23,417 shares during the period. Rockefeller Capital Management L.P.'s holdings in General Dynamics were worth $25,107,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Financial Life Planners bought a new stake in shares of General Dynamics during the 4th quarter worth about $25,000. Whipplewood Advisors LLC bought a new stake in shares of General Dynamics during the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Dynamics in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of General Dynamics during the fourth quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in General Dynamics during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. This represents a 37.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the firm'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 transaction, the director now owns 11,175 shares of the company's stock, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on GD shares. TD Cowen lowered their price objective on General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. BTIG Research lowered shares of General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. UBS Group decreased their target price on shares of General Dynamics from $337.00 to $281.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Susquehanna raised their target price on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on General Dynamics from $303.00 to $295.00 and set a "hold" rating for the company in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $294.47.

General Dynamics Price Performance

Shares of GD traded down $0.93 during mid-day trading on Friday, reaching $275.70. The company had a trading volume of 1,721,990 shares, compared to its average volume of 1,360,450. The company's 50 day simple moving average is $261.54 and its 200 day simple moving average is $273.10. The company has a market capitalization of $73.99 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 1.69 and a beta of 0.43. General Dynamics Co. has a 1-year low of $239.20 and a 1-year high of $316.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37.

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

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be paid a $1.50 dividend. The ex-dividend date is Friday, April 11th. This represents a $6.00 annualized dividend and a dividend yield of 2.18%. This is an increase from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio is currently 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.