Fifth Third Wealth Advisors LLC Decreases Stock Position in General Dynamics Co. (NYSE:GD)

Fifth Third Wealth Advisors LLC decreased its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 11.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,724 shares of the aerospace company's stock after selling 1,082 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in General Dynamics were worth $2,378,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GD. Financial Life Planners acquired a new position in General Dynamics in the 4th quarter worth $25,000. Whipplewood Advisors LLC acquired a new stake in General Dynamics during the 4th quarter valued at $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Dynamics in the fourth quarter valued at about $26,000. Copia Wealth Management acquired a new position in General Dynamics in the 4th quarter valued at $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GD shares. Cowen reiterated a "buy" rating on shares of General Dynamics in a report on Thursday, April 24th. UBS Group raised their price target on shares of General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. BTIG Research downgraded General Dynamics from a "buy" rating to a "neutral" rating in a report on Thursday, February 13th. Morgan Stanley lowered their target price on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Finally, Argus set a $295.00 price target on General Dynamics in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, General Dynamics currently has an average rating of "Hold" and a consensus price target of $293.00.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction 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 approximately $12,297,195.12. This trade represents a 37.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company's stock.

General Dynamics Stock Down 0.7%

GD stock traded down $1.79 during trading on Thursday, reaching $273.24. 162,644 shares of the stock were exchanged, compared to its average volume of 1,564,910. The firm has a market cap of $73.34 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49. The firm's 50 day moving average is $272.61 and its 200 day moving average is $266.82. General Dynamics Co. has a twelve month low of $239.20 and a twelve month 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. General Dynamics's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company posted $2.88 earnings per share. As a group, research analysts forecast that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.20%. General Dynamics's dividend payout ratio is currently 41.61%.

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.