Texas Yale Capital Corp. Sells 55 Shares of General Dynamics Co. (NYSE:GD)

Texas Yale Capital Corp. trimmed its holdings in shares of General Dynamics Co. (NYSE:GD) by 0.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,295 shares of the aerospace company’s stock after selling 55 shares during the quarter. Texas Yale Capital Corp.’s holdings in General Dynamics were worth $2,449,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Financial Life Planners bought a new stake in General Dynamics during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC bought a new stake in General Dynamics during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in General Dynamics during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in General Dynamics during the 4th quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC bought a new stake in General Dynamics during the 4th quarter worth approximately $28,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Trading Up 7.0 %

Shares of General Dynamics stock opened at $272.10 on Thursday. The business has a fifty day simple moving average of $258.79 and a two-hundred day simple moving average of $274.17. General Dynamics Co. has a 1 year low of $239.20 and a 1 year high of $316.90. The company has a market capitalization of $73.03 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 1.69 and a beta of 0.43. 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 (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. Research analysts forecast that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be given a dividend of $1.50 per share. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. This represents a $6.00 annualized dividend and a yield of 2.21%. General Dynamics’s dividend payout ratio (DPR) is presently 43.99%.

Insiders Place Their Bets

In related news, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the transaction, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now owns 45,192 shares in the company, valued at $12,297,195.12. The trade was a 37.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research note on Tuesday, January 28th. Susquehanna raised their price target on shares of General Dynamics from $300.00 to $315.00 and gave the stock a “positive” rating in a research note on Wednesday, April 2nd. Citigroup decreased their price target on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, February 10th. TD Cowen decreased their price target on shares of General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada decreased their price target on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Hold” and a consensus price target of $297.12.

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.