Quadcap Wealth Management LLC Trims Stake in General Dynamics Co. (NYSE:GD)

Quadcap Wealth Management LLC lowered its stake in General Dynamics Co. (NYSE:GD) by 4.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,016 shares of the aerospace company’s stock after selling 199 shares during the quarter. Quadcap Wealth Management LLC’s holdings in General Dynamics were worth $1,058,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC purchased a new position in shares of General Dynamics during the 4th quarter worth $279,582,000. Raymond James Financial Inc. acquired a new stake in shares of General Dynamics during the 4th quarter worth $197,238,000. Vanguard Group Inc. increased its holdings in shares of General Dynamics by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company’s stock worth $6,265,813,000 after buying an additional 706,317 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of General Dynamics by 7.4% during the 4th quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company’s stock worth $1,774,381,000 after buying an additional 463,497 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of General Dynamics by 43.1% during the 3rd quarter. Barclays PLC now owns 942,485 shares of the aerospace company’s stock worth $284,818,000 after buying an additional 283,972 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price objective on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating for the company in a report on Thursday, January 30th. Wells Fargo & Company dropped their price objective on General Dynamics from $261.00 to $236.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. UBS Group increased their price target on General Dynamics from $268.00 to $279.00 and gave the company a “neutral” rating in a report on Thursday, April 24th. Morgan Stanley lowered their price target on General Dynamics from $305.00 to $300.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Finally, William Blair downgraded General Dynamics from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $293.00.

General Dynamics Stock Performance

Shares of GD stock opened at $278.71 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a one year low of $239.20 and a one year high of $316.90. The company’s 50-day simple moving average is $269.38 and its 200-day simple moving average is $269.18. The stock has a market capitalization of $74.80 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.43 by $0.23. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The business had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.92 billion. During the same quarter last year, the company posted $2.88 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 11th were issued a $1.50 dividend. The ex-dividend date was Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a yield of 2.15%. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio (DPR) is currently 41.61%.

Insiders Place Their Bets

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the sale, the senior vice president now owns 45,192 shares of the company’s stock, valued at approximately $12,297,195.12. The trade was a 37.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Company Profile

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.