General Dynamics Co. (NYSE:GD) Position Lowered by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC decreased its position in General Dynamics Co. (NYSE:GD) by 29.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,909 shares of the aerospace company’s stock after selling 807 shares during the period. Insigneo Advisory Services LLC’s holdings in General Dynamics were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GD. Financial Life Planners acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC acquired a new position in General Dynamics during the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in General Dynamics during the 4th quarter worth $26,000. Heck Capital Advisors LLC acquired a new stake in General Dynamics in the fourth quarter worth $28,000. Finally, Hoey Investments Inc. bought a new stake in General Dynamics in the fourth quarter valued at $28,000. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Performance

GD stock opened at $275.70 on Friday. The stock has a market cap of $73.99 billion, a P/E ratio of 20.21, 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 quick ratio of 0.82 and a current ratio of 1.37. The firm has a 50 day simple moving average of $261.16 and a 200 day simple moving average of $273.30. General Dynamics Co. has a 52 week low of $239.20 and a 52 week high of $316.90.

General Dynamics (NYSE:GD) last released 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 net margin of 7.93% and a return on equity of 17.10%. Research analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be issued a dividend of $1.50 per share. This is an increase 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 dividend yield of 2.18%. General Dynamics’s payout ratio is presently 43.99%.

Analysts Set New Price Targets

GD has been the subject of a number of analyst reports. Barclays reduced their target price on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Citigroup reduced their price target on General Dynamics from $335.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. William Blair lowered General Dynamics from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. JPMorgan Chase & Co. reduced their price objective on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, BTIG Research cut shares of General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Hold” and a consensus price target of $294.47.

Insider Activity

In other General Dynamics 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 directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura J. Schumacher sold 1,796 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of 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. 1.52% of the stock is owned by company insiders.

General Dynamics 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.