Madison Investment Holdings Inc. cut its position in shares of General Dynamics Corporation (NYSE:GD) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,625 shares of the aerospace company’s stock after selling 3,962 shares during the quarter. Madison Investment Holdings Inc.’s holdings in General Dynamics were worth $12,669,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in General Dynamics by 6.1% in the second quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock valued at $110,000 after acquiring an additional 37 shares during the last quarter. Vantage Investment Advisors LLC boosted its stake in General Dynamics by 9.3% in the second quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock valued at $116,000 after acquiring an additional 50 shares during the last quarter. Captrust Financial Advisors purchased a new position in General Dynamics in the second quarter valued at about $129,000. WFG Advisors LP boosted its stake in General Dynamics by 0.3% in the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 2 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in General Dynamics by 65.3% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 780 shares of the aerospace company’s stock valued at $155,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

Shares of General Dynamics Corporation (NYSE GD) opened at $201.07 on Monday. General Dynamics Corporation has a 12-month low of $168.00 and a 12-month high of $214.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.93. The stock has a market cap of $60,036.07, a P/E ratio of 19.97, a PEG ratio of 2.41 and a beta of 0.72.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.09. The business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.94 billion. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. General Dynamics’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.36 EPS. sell-side analysts expect that General Dynamics Corporation will post 9.81 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, January 18th. General Dynamics’s dividend payout ratio (DPR) is presently 33.50%.

A number of research analysts have weighed in on GD shares. Stifel Nicolaus boosted their target price on shares of General Dynamics from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Deutsche Bank reissued a “hold” rating and issued a $210.00 price target (up previously from $200.00) on shares of General Dynamics in a research report on Monday, October 2nd. ValuEngine raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada set a $239.00 price target on shares of General Dynamics and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Cowen reissued a “buy” rating and issued a $230.00 price target on shares of General Dynamics in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. General Dynamics currently has an average rating of “Hold” and an average price target of $218.45.

In related news, insider John Patrick Casey sold 34,945 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the sale, the insider now owns 144,378 shares of the company’s stock, valued at approximately $29,074,841.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $202.93, for a total transaction of $15,903,624.10. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

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General Dynamics Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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