Raymond James Trust N.A. lowered its position in General Dynamics Co. (NYSE:GD) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 24,473 shares of the aerospace company’s stock after selling 1,204 shares during the quarter. Raymond James Trust N.A.’s holdings in General Dynamics were worth $3,642,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GD. Wells Fargo & Company MN raised its stake in shares of General Dynamics by 11.2% in the third quarter. Wells Fargo & Company MN now owns 7,106,572 shares of the aerospace company’s stock valued at $983,763,000 after acquiring an additional 717,910 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in General Dynamics by 1,007.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 685,196 shares of the aerospace company’s stock valued at $94,852,000 after acquiring an additional 623,340 shares during the last quarter. Morgan Stanley increased its stake in General Dynamics by 12.6% in the third quarter. Morgan Stanley now owns 2,057,038 shares of the aerospace company’s stock valued at $284,756,000 after acquiring an additional 230,752 shares during the last quarter. LSV Asset Management grew its stake in shares of General Dynamics by 31.8% during the third quarter. LSV Asset Management now owns 890,490 shares of the aerospace company’s stock worth $123,270,000 after buying an additional 214,890 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of General Dynamics by 11.9% during the third quarter. The Manufacturers Life Insurance Company now owns 1,529,742 shares of the aerospace company’s stock worth $211,763,000 after buying an additional 162,847 shares during the last quarter. Institutional investors own 77.11% of the company’s stock.

In related news, VP William A. Moss sold 4,713 shares of the business’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $138.54, for a total value of $652,939.02. Following the transaction, the vice president now owns 12,753 shares in the company, valued at $1,766,800.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.60% of the stock is owned by insiders.

A number of analysts have weighed in on GD shares. The Goldman Sachs Group cut shares of General Dynamics from a “buy” rating to a “sell” rating and decreased their target price for the stock from $205.00 to $138.00 in a research note on Thursday, September 17th. TheStreet raised shares of General Dynamics from a “c+” rating to a “b-” rating in a research note on Thursday, December 17th. Credit Suisse Group decreased their target price on shares of General Dynamics from $156.00 to $140.00 and set a “neutral” rating on the stock in a research note on Thursday, October 29th. They noted that the move was a valuation call. Barclays decreased their target price on shares of General Dynamics from $170.00 to $165.00 and set an “overweight” rating on the stock in a research note on Thursday, October 1st. They noted that the move was a valuation call. Finally, Robert W. Baird cut shares of General Dynamics from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $167.00 to $149.00 in a research note on Friday, October 2nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $169.53.

GD stock traded down $0.87 during midday trading on Wednesday, hitting $152.63. The stock had a trading volume of 1,115,399 shares, compared to its average volume of 1,521,039. The firm has a market cap of $43.80 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05. The company has a current ratio of 1.29, a quick ratio of 0.90 and a debt-to-equity ratio of 0.68. General Dynamics Co. has a 1-year low of $100.55 and a 1-year high of $190.08. The business has a fifty day moving average price of $151.11 and a two-hundred day moving average price of $147.17.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 28th. The aerospace company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.05. The business had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. General Dynamics had a net margin of 8.33% and a return on equity of 23.00%. On average, equities analysts anticipate that General Dynamics Co. will post 11.06 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 5th. Investors of record on Friday, January 15th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Thursday, January 14th. This represents a $4.40 annualized dividend and a yield of 2.88%. General Dynamics’s payout ratio is 36.73%.

General Dynamics Company Profile

General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It operates through the following segments: Aerospace, Combat Systems, Information Technology, Mission Systems and Marine Systems.

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

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