Bbva Compass Bancshares Inc. lowered its holdings in shares of General Dynamics Co. (NYSE:GD) by 21.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,372 shares of the aerospace company’s stock after selling 3,045 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in General Dynamics were worth $2,314,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Supplemental Annuity Collective Trust of NJ acquired a new position in shares of General Dynamics during the third quarter valued at approximately $206,000. First Midwest Bank Trust Division raised its holdings in shares of General Dynamics by 20.1% during the third quarter. First Midwest Bank Trust Division now owns 2,787 shares of the aerospace company’s stock valued at $573,000 after acquiring an additional 467 shares during the last quarter. Doyle Wealth Management acquired a new position in shares of General Dynamics during the third quarter valued at approximately $205,000. Calamos Advisors LLC raised its holdings in shares of General Dynamics by 3.7% during the third quarter. Calamos Advisors LLC now owns 36,174 shares of the aerospace company’s stock valued at $7,437,000 after acquiring an additional 1,275 shares during the last quarter. Finally, IFC Holdings Incorporated FL raised its holdings in shares of General Dynamics by 18.2% during the third quarter. IFC Holdings Incorporated FL now owns 3,057 shares of the aerospace company’s stock valued at $625,000 after acquiring an additional 470 shares during the last quarter. Institutional investors own 93.41% of the company’s stock.
In other news, Director Lester L. Lyles sold 5,210 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $220.73, for a total transaction of $1,150,003.30. Following the completion of the transaction, the director now directly owns 12,537 shares in the company, valued at $2,767,292.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John M. Keane sold 1,800 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $216.43, for a total value of $389,574.00. The disclosure for this sale can be found here. Insiders sold 30,357 shares of company stock valued at $6,715,463 over the last quarter. 6.70% of the stock is currently owned by company insiders.
General Dynamics Co. (GD) opened at $223.35 on Wednesday. The firm has a market capitalization of $66,703.16, a P/E ratio of 22.58, a P/E/G ratio of 2.38 and a beta of 0.83. General Dynamics Co. has a 52-week low of $183.72 and a 52-week high of $230.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.40 and a quick ratio of 0.99.
General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.13. The company had revenue of $8.28 billion during the quarter, compared to analyst estimates of $8.40 billion. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 earnings per share. analysts anticipate that General Dynamics Co. will post 11.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Friday, April 13th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.67%. This is a positive change from General Dynamics’s previous quarterly dividend of $0.84. The ex-dividend date is Thursday, April 12th. General Dynamics’s dividend payout ratio is presently 35.18%.
General Dynamics Company Profile
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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