General Dynamics Co. (NYSE:GD) Shares Sold by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lessened its stake in General Dynamics Co. (NYSE:GD) by 8.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,429 shares of the aerospace company’s stock after selling 408 shares during the period. Legacy Financial Advisors Inc.’s holdings in General Dynamics were worth $1,167,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Empowered Funds LLC lifted its position in shares of General Dynamics by 15.3% during the 4th quarter. Empowered Funds LLC now owns 9,689 shares of the aerospace company’s stock worth $2,553,000 after purchasing an additional 1,283 shares during the last quarter. Kentucky Trust Co purchased a new stake in General Dynamics in the fourth quarter valued at $607,000. Hickory Point Bank & Trust purchased a new stake in General Dynamics in the fourth quarter valued at $692,000. Wealth Enhancement Advisory Services LLC lifted its position in General Dynamics by 69.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 261,992 shares of the aerospace company’s stock valued at $69,032,000 after acquiring an additional 107,095 shares during the last quarter. Finally, Atlas Legacy Advisors LLC purchased a new stake in General Dynamics in the fourth quarter valued at $550,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the company’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 transaction, the director now directly owns 11,175 shares of the company’s stock, valued at $2,857,224. This represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

General Dynamics Price Performance

NYSE:GD opened at $272.10 on Thursday. General Dynamics Co. has a one year low of $239.20 and a one year high of $316.90. The stock has a market cap of $73.03 billion, a P/E ratio of 19.95, a PEG 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 company has a fifty day moving average price of $258.79 and a 200 day moving average price of $274.17.

General Dynamics (NYSE:GD) last announced 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%. Analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The firm also recently announced 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 2.21%. The ex-dividend date is Friday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio (DPR) is 43.99%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GD shares. Susquehanna boosted their price target on shares of General Dynamics from $300.00 to $315.00 and gave the stock a “positive” rating in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Barclays decreased their price target 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. William Blair lowered shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Finally, Baird R W downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. One investment 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $297.12.

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.