Integrated Advisors Network LLC Has $652,000 Stake in General Dynamics Co. (NYSE:GD)

Integrated Advisors Network LLC lessened its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 84.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,475 shares of the aerospace company's stock after selling 13,868 shares during the quarter. Integrated Advisors Network LLC's holdings in General Dynamics were worth $652,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Great Valley Advisor Group Inc. raised its holdings in shares of General Dynamics by 14.4% in the 4th quarter. Great Valley Advisor Group Inc. now owns 15,578 shares of the aerospace company's stock worth $4,105,000 after buying an additional 1,961 shares in the last quarter. Ameriflex Group Inc. bought a new stake in General Dynamics in the fourth quarter valued at $99,000. Ascent Group LLC raised its stake in General Dynamics by 16.2% during the fourth quarter. Ascent Group LLC now owns 9,008 shares of the aerospace company's stock worth $2,374,000 after acquiring an additional 1,255 shares in the last quarter. Putney Financial Group LLC bought a new position in shares of General Dynamics during the fourth quarter valued at $238,000. Finally, Perennial Advisors LLC acquired a new stake in shares of General Dynamics in the 4th quarter valued at $6,416,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Transactions at General Dynamics

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. This trade represents a 37.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

General Dynamics Trading Up 0.6%

NYSE:GD traded up $1.63 on Thursday, hitting $275.27. 992,225 shares of the stock were exchanged, compared to its average volume of 1,376,670. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a 52 week low of $239.20 and a 52 week high of $316.90. The stock has a market capitalization of $73.88 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.69 and a beta of 0.49. The company's 50-day moving average price is $271.84 and its 200 day moving average price is $267.79.

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

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 11th were paid a $1.50 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.18%. This is an increase from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio is 41.61%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GD. Morgan Stanley dropped their target price on shares of 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. Argus set a $295.00 price objective on shares of General Dynamics in a report on Tuesday, May 6th. William Blair cut shares of General Dynamics from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. UBS Group increased their price target on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Finally, Cowen reiterated a "buy" rating on shares of General Dynamics in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, General Dynamics currently has an average rating of "Hold" and an average price target of $293.00.

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.