General Dynamics Co. (NYSE:GD) Shares Sold by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC lowered its stake in shares of General Dynamics Co. (NYSE:GD - Free Report) by 80.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 891 shares of the aerospace company's stock after selling 3,735 shares during the period. S.E.E.D. Planning Group LLC's holdings in General Dynamics were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in General Dynamics by 34,578.2% in the 1st quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company's stock valued at $339,253,000 after buying an additional 1,241,011 shares during the period. Castlekeep Investment Advisors LLC purchased a new position in General Dynamics in the 4th quarter valued at approximately $279,582,000. Raymond James Financial Inc. purchased a new position in General Dynamics in the 4th quarter valued at approximately $197,238,000. Vanguard Group Inc. boosted its position in General Dynamics by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock valued at $6,265,813,000 after buying an additional 706,317 shares during the period. Finally, Capital Research Global Investors boosted its position in General Dynamics by 7.4% in the 4th quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company's stock valued at $1,774,381,000 after buying an additional 463,497 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

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 on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the transaction, the senior vice president now directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. The trade was a 37.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

General Dynamics Stock Up 1.1%

NYSE:GD traded up $3.13 during midday trading on Friday, hitting $278.33. 1,657,534 shares of the company were exchanged, compared to its average volume of 1,380,699. The company has a fifty day simple moving average of $272.24 and a 200 day simple moving average of $266.96. General Dynamics Co. has a fifty-two week low of $239.20 and a fifty-two week 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. The company has a market capitalization of $74.70 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.23. The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. General Dynamics's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.88 earnings per share. As a group, equities analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 11th were paid a $1.50 dividend. The ex-dividend date of this dividend was Friday, April 11th. 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%. General Dynamics's payout ratio is currently 41.61%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GD shares. Barclays reduced their price objective on shares of General Dynamics from $305.00 to $285.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Citigroup decreased their price objective on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. William Blair cut shares of General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. TD Securities lifted their price objective on shares of General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, Wells Fargo & Company decreased their price objective on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $293.00.

General Dynamics Company 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.