Dowling & Yahnke LLC trimmed its position in shares of General Dynamics Co. (NYSE:GD – Get Rating) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,983 shares of the aerospace company’s stock after selling 87 shares during the quarter. Dowling & Yahnke LLC’s holdings in General Dynamics were worth $2,707,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Insight Folios Inc raised its position in General Dynamics by 3.2% in the 4th quarter. Insight Folios Inc now owns 1,566 shares of the aerospace company’s stock worth $327,000 after purchasing an additional 48 shares during the period. Bank of Stockton grew its stake in General Dynamics by 1.4% in the 4th quarter. Bank of Stockton now owns 3,385 shares of the aerospace company’s stock worth $706,000 after acquiring an additional 48 shares in the last quarter. Auxano Advisors LLC grew its stake in General Dynamics by 3.0% in the 4th quarter. Auxano Advisors LLC now owns 1,671 shares of the aerospace company’s stock worth $348,000 after acquiring an additional 49 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its stake in General Dynamics by 1.0% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 4,876 shares of the aerospace company’s stock worth $1,016,000 after acquiring an additional 50 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in General Dynamics by 4.8% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,143 shares of the aerospace company’s stock worth $238,000 after acquiring an additional 52 shares in the last quarter. 85.84% of the stock is currently owned by institutional investors and hedge funds.
GD has been the topic of a number of research analyst reports. Wolfe Research upgraded shares of General Dynamics from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 28th. Wells Fargo & Company increased their price objective on shares of General Dynamics from $235.00 to $282.00 and gave the company an “overweight” rating in a research note on Monday, March 7th. Morgan Stanley increased their price objective on shares of General Dynamics from $215.00 to $243.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 2nd. StockNews.com started coverage on shares of General Dynamics in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Susquehanna Bancshares increased their price objective on shares of General Dynamics from $280.00 to $285.00 in a research note on Thursday, April 28th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $239.11.
General Dynamics (NYSE:GD – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The aerospace company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.13. The business had revenue of $9.39 billion during the quarter, compared to analysts’ expectations of $9.02 billion. General Dynamics had a net margin of 8.52% and a return on equity of 19.67%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $2.48 earnings per share. Analysts predict that General Dynamics Co. will post 12.16 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 6th. Shareholders of record on Friday, April 8th were issued a $1.26 dividend. The ex-dividend date was Thursday, April 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from General Dynamics’s previous quarterly dividend of $1.19. General Dynamics’s dividend payout ratio (DPR) is currently 43.15%.
In related news, VP Gregory S. Gallopoulos sold 10,644 shares of the firm’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $237.93, for a total transaction of $2,532,526.92. Following the completion of the transaction, the vice president now owns 124,605 shares of the company’s stock, valued at $29,647,267.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP William A. Moss sold 2,391 shares of the firm’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $237.17, for a total transaction of $567,073.47. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
General Dynamics Company Profile (Get Rating)
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 designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.
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