General Dynamics Co. (NYSE:GD) Shares Sold by Texas Yale Capital Corp.

Texas Yale Capital Corp. reduced its stake in shares of General Dynamics Co. (NYSE:GD) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,295 shares of the aerospace company’s stock after selling 55 shares during the period. Texas Yale Capital Corp.’s holdings in General Dynamics were worth $2,449,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Purus Wealth Management LLC lifted its stake in shares of General Dynamics by 1.5% in the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock worth $701,000 after buying an additional 39 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of General Dynamics by 4.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company’s stock worth $277,000 after buying an additional 40 shares during the last quarter. Austin Wealth Management LLC lifted its stake in shares of General Dynamics by 5.4% in the fourth quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company’s stock worth $220,000 after buying an additional 42 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of General Dynamics by 35.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company’s stock worth $43,000 after buying an additional 43 shares during the last quarter. Finally, Stokes Family Office LLC lifted its stake in shares of General Dynamics by 0.4% in the fourth quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company’s stock worth $2,708,000 after buying an additional 43 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Up 7.0 %

Shares of NYSE:GD opened at $272.10 on Thursday. General Dynamics Co. has a 52 week low of $239.20 and a 52 week 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. The company’s fifty day moving average is $258.79 and its 200-day moving average is $274.17. The company has a market capitalization of $73.03 billion, a PE ratio of 19.95, a P/E/G ratio of 1.69 and a beta of 0.43.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. Equities research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be given a dividend of $1.50 per share. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, April 11th. This represents a $6.00 annualized dividend and a yield of 2.21%. General Dynamics’s dividend payout ratio is 43.99%.

Insider Buying and Selling

In related news, Director Laura J. Schumacher sold 1,796 shares of the company’s stock in a transaction dated 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. This represents a 13.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the company’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 transaction, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. This trade represents a 37.88 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GD has been the subject of a number of analyst reports. Wells Fargo & Company reduced 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 note on Tuesday. Susquehanna boosted their price objective 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. Jefferies Financial Group reaffirmed a “hold” rating and set a $300.00 target price (down previously from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. William Blair lowered shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Finally, Barclays dropped their target price on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, General Dynamics currently has an average rating of “Hold” and an average price target of $297.12.

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.