Transce3nd LLC Takes $213,000 Position in General Dynamics Co. (NYSE:GD)

Transce3nd LLC acquired a new position in shares of General Dynamics Co. (NYSE:GD) in the 4th quarter, Holdings Channel.com reports. The firm acquired 807 shares of the aerospace company’s stock, valued at approximately $213,000.

Several other large investors have also bought and sold shares of the business. Barclays PLC grew its position 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 period. Tudor Financial Inc. acquired a new position in General Dynamics during the third quarter valued at approximately $393,000. Pine Valley Investments Ltd Liability Co increased its stake in General Dynamics by 4.0% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,078 shares of the aerospace company’s stock valued at $2,743,000 after purchasing an additional 352 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of General Dynamics during the third quarter worth $3,892,000. Finally, Arvest Bank Trust Division acquired a new position in shares of General Dynamics in the 3rd quarter valued at $20,667,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley downgraded General Dynamics from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $315.00 to $305.00 in a research note on Wednesday, April 16th. Royal Bank of Canada dropped their price target on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 30th. Vertical Research cut General Dynamics from a “buy” rating to a “hold” rating and lowered their target price for the stock from $352.00 to $290.00 in a research note on Monday, January 6th. Barclays dropped their price objective on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, William Blair lowered shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. One 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $294.47.

General Dynamics Stock Down 0.3 %

GD stock opened at $275.70 on Monday. The firm has a market capitalization of $73.99 billion, a PE ratio of 20.21, a PEG ratio of 1.69 and a beta of 0.43. The business’s 50 day simple moving average is $261.54 and its 200 day simple moving average is $272.70. General Dynamics Co. has a 1-year low of $239.20 and a 1-year high of $316.90. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share 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 anticipate that General Dynamics Co. will post 14.83 EPS for the current 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 paid a $1.50 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Friday, April 11th. General Dynamics’s payout ratio is 43.99%.

Insiders Place Their Bets

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the transaction, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at $12,297,195.12. This trade represents a 37.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the company’s 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 directly owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.