Zeke Capital Advisors LLC cut its holdings in General Dynamics Co. (NYSE:GD) by 38.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,799 shares of the aerospace company’s stock after selling 1,755 shares during the quarter. Zeke Capital Advisors LLC’s holdings in General Dynamics were worth $569,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Stonebridge Capital Management Inc. boosted its stake in General Dynamics by 0.7% in the fourth quarter. Stonebridge Capital Management Inc. now owns 32,173 shares of the aerospace company’s stock valued at $6,776,000 after buying an additional 223 shares in the last quarter. Advisor Partners LLC boosted its stake in General Dynamics by 4.4% in the fourth quarter. Advisor Partners LLC now owns 5,412 shares of the aerospace company’s stock valued at $1,132,000 after buying an additional 229 shares in the last quarter. Royce & Associates LP boosted its stake in General Dynamics by 1.0% in the third quarter. Royce & Associates LP now owns 24,750 shares of the aerospace company’s stock valued at $5,088,000 after buying an additional 250 shares in the last quarter. Clear Perspective Advisors LLC boosted its stake in General Dynamics by 8.1% in the fourth quarter. Clear Perspective Advisors LLC now owns 3,355 shares of the aerospace company’s stock valued at $683,000 after buying an additional 252 shares in the last quarter. Finally, FTB Advisors Inc. boosted its stake in shares of General Dynamics by 4.1% during the fourth quarter. FTB Advisors Inc. now owns 6,481 shares of the aerospace company’s stock valued at $1,318,000 after purchasing an additional 258 shares in the last quarter. 93.41% of the stock is currently owned by institutional investors and hedge funds.
GD has been the topic of a number of recent research reports. ValuEngine raised General Dynamics from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $234.00 price target on the stock in a research note on Friday, January 19th. Jefferies Group reissued a “buy” rating and set a $237.00 price target on shares of General Dynamics in a research note on Monday, January 8th. Stifel Nicolaus reissued a “hold” rating and set a $220.00 price target on shares of General Dynamics in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada lifted their price target on General Dynamics to $267.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $235.88.
General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.37 by $0.13. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The company had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.40 billion. During the same period last year, the company earned $1.89 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. research analysts predict that General Dynamics Co. will post 11.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Friday, April 13th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.67%. This is an increase from General Dynamics’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Thursday, April 12th. General Dynamics’s dividend payout ratio (DPR) is 35.18%.
In other news, Director John M. Keane sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $216.43, for a total transaction of $389,574.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider S. Daniel Johnson sold 3,933 shares of General Dynamics stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $228.79, for a total value of $899,831.07. Following the completion of the sale, the insider now owns 66,363 shares of the company’s stock, valued at $15,183,190.77. The disclosure for this sale can be found here. Insiders have sold 30,357 shares of company stock valued at $6,715,463 over the last 90 days. 6.70% of the stock is owned by corporate insiders.
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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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