Stifel Financial Corp Has $69.62 Million Stock Position in General Dynamics Co. (NYSE:GD)

Stifel Financial Corp lowered its stake in shares of General Dynamics Co. (NYSE:GD - Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 264,192 shares of the aerospace company's stock after selling 21,488 shares during the period. Stifel Financial Corp owned about 0.10% of General Dynamics worth $69,622,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays reduced their price objective 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. The Goldman Sachs Group decreased their price target on shares of General Dynamics from $245.00 to $241.00 and set a "sell" rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company cut their price objective on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Vertical Research downgraded General Dynamics from a "buy" rating to a "hold" rating and decreased their target price for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada cut their price target on General Dynamics from $290.00 to $280.00 and set a "sector perform" rating for the company in a report on Thursday, January 30th. 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 MarketBeat.com, General Dynamics currently has a consensus rating of "Hold" and a consensus target price of $294.47.

Insider Buying and Selling

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction 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 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 disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

General Dynamics Stock Up 0.5 %

GD stock opened at $274.45 on Wednesday. The firm has a 50-day moving average price of $262.54 and a 200-day moving average price of $272.52. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $73.66 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43.

General Dynamics (NYSE:GD - Get Free Report) last issued its 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 return on equity of 17.10% and a net margin of 7.93%. As a group, equities research analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.19%. This is an increase from General Dynamics's previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. General Dynamics's dividend payout ratio (DPR) is 43.99%.

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.

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