General Dynamics Corporation (NYSE:GD) Shares Sold by Tradewinds LLC.

Tradewinds LLC. decreased its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 90.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,155 shares of the aerospace company's stock after selling 19,556 shares during the quarter. Tradewinds LLC.'s holdings in General Dynamics were worth $588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. grew its holdings in General Dynamics by 32.8% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 2,998 shares of the aerospace company's stock valued at $817,000 after buying an additional 741 shares during the period. Maj Invest Holding A S purchased a new stake in General Dynamics in the 1st quarter valued at about $109,000. Concurrent Investment Advisors LLC grew its holdings in General Dynamics by 1.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 15,752 shares of the aerospace company's stock valued at $4,294,000 after buying an additional 273 shares during the period. Wayfinding Financial LLC purchased a new stake in General Dynamics in the 1st quarter valued at about $167,000. Finally, Capital Investment Advisory Services LLC grew its holdings in General Dynamics by 15.2% in the 1st quarter. Capital Investment Advisory Services LLC now owns 2,174 shares of the aerospace company's stock valued at $593,000 after buying an additional 287 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GD. UBS Group lifted their price objective on General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. TD Securities lifted their price objective on General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Wells Fargo & Company reduced their price objective on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock 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 on the stock in a research note on Thursday, April 24th. Finally, Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, General Dynamics presently has an average rating of "Hold" and a consensus target price of $290.24.

Insider Activity

In other General Dynamics news, CEO Phebe N. Novakovic sold 7,639 shares of General Dynamics stock in a transaction on Monday, June 16th. The shares were sold at an average price of $280.44, for a total value of $2,142,281.16. Following the completion of the transaction, the chief executive officer owned 769,607 shares of the company's stock, valued at $215,828,587.08. The trade was a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.50% of the company's stock.

General Dynamics Stock Up 0.1%

Shares of GD traded up $0.15 during trading on Monday, reaching $294.91. The company's stock had a trading volume of 978,665 shares, compared to its average volume of 1,395,752. The company has a fifty day moving average of $278.76 and a two-hundred day moving average of $268.15. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $316.90. The company has a market cap of $79.15 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.98 and a beta of 0.46. The company has a quick ratio of 0.82, a current ratio of 1.34 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.43 by $0.23. General Dynamics had a return on equity of 17.82% and a net margin of 8.08%. The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. During the same period in the prior year, the company posted $2.88 EPS. General Dynamics's quarterly revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be issued a $1.50 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.03%. General Dynamics's dividend payout ratio (DPR) is 41.61%.

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.