IHT Wealth Management LLC Has $2.22 Million Stock Position in General Dynamics Co. (NYSE:GD)

IHT Wealth Management LLC cut its stake in shares of General Dynamics Co. (NYSE:GD) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,431 shares of the aerospace company’s stock after selling 366 shares during the period. IHT Wealth Management LLC’s holdings in General Dynamics were worth $2,221,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GD. Financial Life Planners acquired a new stake in General Dynamics in the 4th quarter valued at about $25,000. Whipplewood Advisors LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC bought a new stake in General Dynamics in the 4th quarter valued at $28,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GD has been the topic of several research reports. Robert W. Baird reiterated a “neutral” rating and issued a $283.00 price objective (down from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Citigroup cut their price objective on shares of General Dynamics from $335.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. TD Cowen lowered their target price on General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. Barclays reduced their price target on General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, Morgan Stanley cut General Dynamics from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $315.00 to $305.00 in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and an average price target of $294.47.

Insider Buying and Selling

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business’s stock in a transaction dated 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 directly owns 45,192 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the sale, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $274.45 on Wednesday. The company’s 50 day simple moving average is $262.54 and its 200 day simple moving average is $272.52. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. General Dynamics Co. has a 1 year low of $239.20 and a 1 year high of $316.90. The stock has a market capitalization of $73.66 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. As a group, research analysts predict that General Dynamics Co. will post 14.83 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 9th. Investors of record on Friday, April 11th will be issued a dividend of $1.50 per share. The ex-dividend date is Friday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a dividend yield of 2.19%. General Dynamics’s payout ratio is 43.99%.

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.