Duncker Streett & Co. Inc. Decreases Position in General Dynamics Co. (NYSE:GD)

Duncker Streett & Co. Inc. lowered its stake in shares of General Dynamics Co. (NYSE:GD) by 26.1% in the 4th quarter, HoldingsChannel reports. The firm owned 227 shares of the aerospace company’s stock after selling 80 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in General Dynamics were worth $59,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Certified Advisory Corp bought a new stake in General Dynamics during the 1st quarter valued at $25,000. Briaud Financial Planning Inc bought a new stake in General Dynamics during the 3rd quarter valued at $27,000. Impact Partnership Wealth LLC raised its holdings in General Dynamics by 411.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 107 shares during the period. Live Oak Investment Partners bought a new stake in General Dynamics during the 4th quarter valued at $30,000. Finally, Tyler Stone Wealth Management bought a new stake in General Dynamics during the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity

In other news, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the transaction, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the transaction, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GD. Wells Fargo & Company boosted their target price on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Alembic Global Advisors cut shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a report on Monday, January 29th. Royal Bank of Canada boosted their price target on shares of General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group boosted their price target on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $283.80.

General Dynamics Stock Down 0.3 %

Shares of NYSE:GD opened at $284.48 on Thursday. General Dynamics Co. has a 52-week low of $202.35 and a 52-week high of $296.50. The firm has a fifty day moving average of $278.37 and a 200 day moving average of $258.85. The firm has a market capitalization of $78.05 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). The business had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.58 earnings per share. As a group, research analysts anticipate that General Dynamics Co. will post 14.57 EPS for the current fiscal year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.00%. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. General Dynamics’s dividend payout ratio is 47.25%.

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.