General Dynamics Co. (NYSE:GD) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in General Dynamics Co. (NYSE:GD) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,708 shares of the aerospace company’s stock after selling 3,432 shares during the period. Yousif Capital Management LLC’s holdings in General Dynamics were worth $14,985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Briaud Financial Planning Inc acquired a new stake in shares of General Dynamics during the third quarter valued at $27,000. Impact Partnership Wealth LLC lifted its holdings in General Dynamics by 411.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 107 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of General Dynamics during the 4th quarter worth about $38,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of General Dynamics during the fourth quarter worth about $38,000. Finally, Operose Advisors LLC acquired a new position in shares of General Dynamics in the third quarter valued at approximately $40,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the transaction, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the sale, the executive vice president now directly owns 149,205 shares in the company, valued at approximately $39,502,023.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the transaction, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

General Dynamics Trading Down 4.3 %

GD stock traded down $12.66 during midday trading on Wednesday, reaching $280.06. 2,822,190 shares of the company’s stock traded hands, compared to its average volume of 1,086,938. The business has a 50-day moving average price of $280.02 and a two-hundred day moving average price of $261.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. General Dynamics Co. has a fifty-two week low of $202.35 and a fifty-two week high of $296.50. The company has a market capitalization of $76.84 billion, a P/E ratio of 22.95, a PEG ratio of 1.85 and a beta of 0.68.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing the consensus estimate of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.39 billion. During the same period in the previous year, the company earned $3.58 EPS. General Dynamics’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts forecast that General Dynamics Co. will post 14.56 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is currently 47.25%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GD shares. The Goldman Sachs Group raised their target price on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Royal Bank of Canada lifted their price objective on General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Susquehanna upped their target price on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Wells Fargo & Company raised their price target on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, Alembic Global Advisors downgraded shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective for the company. in a research note on Monday, January 29th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and a consensus target price of $283.80.

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.