Abner Herrman & Brock LLC cut its holdings in shares of General Dynamics Co. (NYSE:GD) by 64.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,643 shares of the aerospace company’s stock after selling 8,263 shares during the period. Abner Herrman & Brock LLC’s holdings in General Dynamics were worth $730,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ontario Teachers Pension Plan Board increased its position in shares of General Dynamics by 256.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 7,364 shares of the aerospace company’s stock worth $1,508,000 after acquiring an additional 5,298 shares in the last quarter. Alerus Financial NA boosted its holdings in General Dynamics by 19.8% during the third quarter. Alerus Financial NA now owns 20,878 shares of the aerospace company’s stock worth $3,511,000 after purchasing an additional 3,446 shares during the last quarter. AlphaMark Advisors LLC boosted its holdings in General Dynamics by 6.0% during the third quarter. AlphaMark Advisors LLC now owns 18,225 shares of the aerospace company’s stock worth $3,731,000 after purchasing an additional 1,032 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings in General Dynamics by 282.1% during the third quarter. Johnson Financial Group Inc. now owns 5,548 shares of the aerospace company’s stock worth $1,136,000 after purchasing an additional 4,096 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in General Dynamics by 5.0% during the third quarter. LPL Financial LLC now owns 61,144 shares of the aerospace company’s stock worth $12,517,000 after purchasing an additional 2,936 shares during the last quarter. 86.36% of the stock is owned by institutional investors.

Shares of NYSE GD traded up $0.17 during midday trading on Friday, hitting $162.60. The company’s stock had a trading volume of 42,098 shares, compared to its average volume of 1,714,320. General Dynamics Co. has a one year low of $143.87 and a one year high of $230.00. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.89. The firm has a market cap of $47.65 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 1.29 and a beta of 1.09.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 24th. The aerospace company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.13. General Dynamics had a net margin of 9.01% and a return on equity of 27.22%. The company had revenue of $9.09 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the previous year, the firm posted $2.52 earnings per share. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. Equities analysts expect that General Dynamics Co. will post 11.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Friday, January 18th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Thursday, January 17th. General Dynamics’s dividend payout ratio (DPR) is currently 37.39%.

Several research analysts recently weighed in on GD shares. Cowen restated a “buy” rating and set a $253.00 price target on shares of General Dynamics in a report on Monday, October 15th. Credit Suisse Group cut their price target on shares of General Dynamics from $229.00 to $216.00 and set an “outperform” rating on the stock in a report on Thursday, October 25th. Wells Fargo & Co cut their price target on shares of General Dynamics from $250.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, October 25th. Barclays cut their price target on shares of General Dynamics from $256.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, December 4th. Finally, Morgan Stanley cut their price target on shares of General Dynamics from $209.00 to $189.00 and set an “underweight” rating on the stock in a report on Wednesday, November 14th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $220.32.

In other news, Director Mark Malcolm bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were acquired at an average price of $169.87 per share, with a total value of $509,610.00. Following the acquisition, the director now owns 4,455 shares of the company’s stock, valued at approximately $756,770.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Catherine B. Reynolds bought 600 shares of the firm’s stock in a transaction that occurred on Friday, December 7th. The shares were purchased at an average cost of $167.64 per share, for a total transaction of $100,584.00. Following the acquisition, the director now directly owns 1,153 shares in the company, valued at approximately $193,288.92. The disclosure for this purchase can be found here. Insiders own 6.90% of the company’s stock.

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About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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

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