Janus Henderson Group PLC Sells 711,924 Shares of General Dynamics Co. (NYSE:GD)

Janus Henderson Group PLC trimmed its position in General Dynamics Co. (NYSE:GD - Free Report) by 96.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,181 shares of the aerospace company's stock after selling 711,924 shares during the period. Janus Henderson Group PLC's holdings in General Dynamics were worth $6,632,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of GD. Financial Life Planners acquired a new stake in General Dynamics in the fourth quarter valued at $25,000. Whipplewood Advisors LLC acquired a new stake in General Dynamics in the fourth quarter valued at $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of General Dynamics in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new stake in General Dynamics during the fourth quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in General Dynamics during the fourth quarter worth approximately $28,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on GD. BTIG Research cut General Dynamics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price objective on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley reduced their price objective on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Susquehanna raised their price objective on General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group reduced their price objective on General Dynamics from $245.00 to $241.00 and set a "sell" rating for the company in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $293.00.

General Dynamics Stock Down 1.4%

Shares of GD stock traded down $3.85 during trading hours on Wednesday, reaching $277.72. The company had a trading volume of 997,105 shares, compared to its average volume of 1,371,746. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The business has a fifty day simple moving average of $270.53 and a 200-day simple moving average of $268.66. The company has a market cap of $74.54 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49.

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. On average, research analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were issued a dividend of $1.50 per share. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Friday, April 11th. General Dynamics's dividend payout ratio (DPR) is 41.61%.

Insider Buying and Selling

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the sale, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. The trade was a 37.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

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.