Vontobel Holding Ltd. trimmed its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,488 shares of the aerospace company's stock after selling 1,347 shares during the quarter. Vontobel Holding Ltd.'s holdings in General Dynamics were worth $5,925,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Creative Planning raised its position in shares of General Dynamics by 4.2% during the 3rd quarter. Creative Planning now owns 46,948 shares of the aerospace company's stock valued at $14,188,000 after buying an additional 1,906 shares during the period. Bleakley Financial Group LLC raised its position in shares of General Dynamics by 2.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 6,808 shares of the aerospace company's stock valued at $2,057,000 after buying an additional 150 shares during the period. Marshall Financial Group LLC purchased a new stake in shares of General Dynamics during the 3rd quarter valued at approximately $582,000. Trust Co. of Vermont raised its position in shares of General Dynamics by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 7,101 shares of the aerospace company's stock valued at $2,146,000 after buying an additional 73 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of General Dynamics by 6.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,354 shares of the aerospace company's stock valued at $7,662,000 after buying an additional 1,476 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.
General Dynamics Price Performance
Shares of NYSE GD traded up $1.35 during midday trading on Wednesday, reaching $243.95. The company's stock had a trading volume of 1,900,001 shares, compared to its average volume of 1,734,415. 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 company has a 50 day moving average price of $260.84 and a 200 day moving average price of $283.37. General Dynamics Co. has a one year low of $239.87 and a one year high of $316.90. The company has a market cap of $65.95 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61.
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 research analysts expect that General Dynamics Co. will post 14.83 EPS for the current year.
General Dynamics Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were paid a $1.42 dividend. The ex-dividend date was Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.33%. General Dynamics's dividend payout ratio is presently 41.64%.
General Dynamics announced that its board has approved a stock buyback program on Wednesday, December 4th that allows the company to repurchase 10,000,000 shares. This repurchase authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on GD. Jefferies Financial Group reiterated a "hold" rating and issued a $300.00 target price (down previously from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. Robert W. Baird reiterated a "neutral" rating and issued a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. BTIG Research downgraded shares of General Dynamics from a "buy" rating to a "neutral" rating in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Dynamics from $303.00 to $295.00 and set a "hold" rating for the company in a report on Thursday, January 2nd. Finally, Barclays dropped their target price on shares of General Dynamics from $305.00 to $285.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of "Hold" and an average target price of $298.59.
Read Our Latest Research Report on GD
Insider Buying and Selling at General Dynamics
In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the sale, the director now directly owns 11,175 shares of the company's stock, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Christopher J. Brady sold 5,540 shares of the business'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 directly 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 disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.
About General Dynamics
(
Free Report)
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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