General Dynamics (GD) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC trimmed its holdings in shares of General Dynamics (NYSE:GD) by 49.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,561 shares of the aerospace company’s stock after selling 18,454 shares during the period. O Shaughnessy Asset Management LLC’s holdings in General Dynamics were worth $4,100,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Captrust Financial Advisors acquired a new position in General Dynamics during the fourth quarter worth about $165,000. Ontario Teachers Pension Plan Board grew its holdings in General Dynamics by 3.1% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 51,028 shares of the aerospace company’s stock worth $10,382,000 after acquiring an additional 1,536 shares during the period. Eaton Vance Management grew its holdings in General Dynamics by 2.9% during the first quarter. Eaton Vance Management now owns 158,687 shares of the aerospace company’s stock worth $35,054,000 after acquiring an additional 4,485 shares during the period. JT Stratford LLC grew its holdings in General Dynamics by 3.1% during the fourth quarter. JT Stratford LLC now owns 14,214 shares of the aerospace company’s stock worth $2,892,000 after acquiring an additional 421 shares during the period. Finally, IFG Advisory LLC acquired a new position in General Dynamics during the fourth quarter worth about $543,000. 85.74% of the stock is currently owned by institutional investors.

In other General Dynamics news, EVP John Patrick Casey sold 4,133 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $225.27, for a total transaction of $931,040.91. Following the completion of the sale, the executive vice president now directly owns 96,055 shares in the company, valued at approximately $21,638,309.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S. Daniel Johnson sold 3,933 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $228.79, for a total value of $899,831.07. Following 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 a total of 19,253 shares of company stock valued at $4,322,831 over the last 90 days. Corporate insiders own 6.90% of the company’s stock.

A number of research analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on General Dynamics to $258.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Bank of America lifted their target price on General Dynamics from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $252.00 target price on the stock in a report on Friday, February 2nd. Argus raised General Dynamics to a “buy” rating and lifted their target price for the stock from $230.00 to $250.00 in a report on Tuesday, January 30th. Finally, Jefferies Group lifted their target price on General Dynamics to $247.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $242.72.

General Dynamics opened at $201.65 on Wednesday, Marketbeat reports. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.34 and a quick ratio of 0.98. General Dynamics has a 1-year low of $200.13 and a 1-year high of $202.37. The firm has a market capitalization of $60.32 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.97 and a beta of 0.84.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 25th. The aerospace company reported $2.65 EPS for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.16. General Dynamics had a return on equity of 26.83% and a net margin of 9.49%. The firm had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period last year, the company posted $2.48 EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. research analysts expect that General Dynamics will post 11.08 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 11th. Shareholders of record on Friday, April 13th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, April 12th. This is a positive change from General Dynamics’s previous quarterly dividend of $0.84. This represents a $3.72 dividend on an annualized basis and a yield of 1.84%. General Dynamics’s dividend payout ratio (DPR) is presently 37.39%.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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