UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 8,050 Shares of General Dynamics Co. (NYSE:GD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of General Dynamics Co. (NYSE:GD) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 658,494 shares of the aerospace company’s stock after selling 8,050 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of General Dynamics worth $173,507,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GD. Voloridge Investment Management LLC increased its holdings in General Dynamics by 6,387.2% in the 4th quarter. Voloridge Investment Management LLC now owns 401,236 shares of the aerospace company’s stock worth $105,722,000 after acquiring an additional 395,051 shares during the last quarter. Waverly Advisors LLC grew its holdings in General Dynamics by 296.4% during the 4th quarter. Waverly Advisors LLC now owns 16,987 shares of the aerospace company’s stock valued at $4,476,000 after buying an additional 12,702 shares in the last quarter. Woodline Partners LP bought a new stake in shares of General Dynamics during the 4th quarter valued at about $243,000. Vident Advisory LLC boosted its position in shares of General Dynamics by 28.9% during the 4th quarter. Vident Advisory LLC now owns 92,364 shares of the aerospace company’s stock valued at $24,337,000 after acquiring an additional 20,712 shares during the last quarter. Finally, St. Clair Advisors LLC bought a new stake in shares of General Dynamics during the 4th quarter valued at about $461,000. 86.14% of the stock is currently owned by institutional investors.

Insider Transactions at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business’s stock in a transaction 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Susquehanna boosted their target price on General Dynamics from $300.00 to $315.00 and gave the stock a “positive” rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. decreased their target price on General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. UBS Group upped their target price on General Dynamics from $268.00 to $279.00 and gave the company a “neutral” rating in a report on Thursday, April 24th. The Goldman Sachs Group reduced their price target on General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a research note on Tuesday, January 28th. Finally, TD Securities increased their target price on General Dynamics from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $293.00.

General Dynamics Price Performance

GD opened at $276.77 on Friday. The business has a fifty day moving average of $271.07 and a 200 day moving average of $268.60. General Dynamics Co. has a 52-week low of $239.20 and a 52-week high of $316.90. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The stock has a market cap of $74.28 billion, a P/E ratio of 20.29, a PEG ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.23. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The business had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.92 billion. During the same period in the prior year, the business earned $2.88 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 11th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.17%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, April 11th. General Dynamics’s payout ratio is presently 41.61%.

About General Dynamics

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.