General Dynamics Co. (NYSE:GD) Shares Sold by Synovus Financial Corp

Synovus Financial Corp trimmed its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 42.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,428 shares of the aerospace company's stock after selling 32,533 shares during the period. Synovus Financial Corp's holdings in General Dynamics were worth $11,448,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group decreased their target price on General Dynamics from $337.00 to $281.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered 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. Citigroup decreased their price target 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, April 10th. The Goldman Sachs Group reduced their price objective on General Dynamics from $245.00 to $241.00 and set a "sell" rating on the stock in a report on Tuesday, January 28th. Finally, Robert W. Baird restated a "neutral" rating and set a $283.00 price target (down previously from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, General Dynamics presently has a consensus rating of "Hold" and an average target price of $294.47.

General Dynamics Stock Down 0.3 %

NYSE GD traded down $0.93 during trading on Friday, hitting $275.70. The company's stock had a trading volume of 1,721,990 shares, compared to its average volume of 1,357,567. General Dynamics Co. has a fifty-two week low of $239.20 and a fifty-two week high of $316.90. The company has a market cap of $73.99 billion, a PE ratio of 20.21, a P/E/G ratio of 1.69 and a beta of 0.43. 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 business's 50 day simple moving average is $261.16 and its 200-day simple moving average is $273.30.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 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%. On average, equities analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal 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. This represents a $6.00 annualized dividend and a dividend yield of 2.18%. This is a boost 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 presently 43.99%.

Insider Buying and Selling at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of the firm's stock in a transaction dated 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 directly owns 11,175 shares of the company's stock, valued at $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm'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 transaction of $7,499,895.82. Following the sale, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. The trade was a 37.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.52% of the company's stock.

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.