Janney Montgomery Scott LLC Lowers Holdings in General Dynamics Co. (NYSE:GD)

Janney Montgomery Scott LLC lowered its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 209,813 shares of the aerospace company's stock after selling 10,599 shares during the quarter. Janney Montgomery Scott LLC owned 0.08% of General Dynamics worth $57,191,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of General Dynamics by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock worth $6,265,813,000 after purchasing an additional 706,317 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of General Dynamics by 7.4% in the fourth quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company's stock valued at $1,774,381,000 after purchasing an additional 463,497 shares during the period. Geode Capital Management LLC boosted its holdings in General Dynamics by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,688,672 shares of the aerospace company's stock worth $1,496,939,000 after buying an additional 131,268 shares in the last quarter. Sanders Capital LLC grew its position in General Dynamics by 0.8% during the fourth quarter. Sanders Capital LLC now owns 4,212,422 shares of the aerospace company's stock worth $1,109,931,000 after buying an additional 33,962 shares during the period. Finally, Royal Bank of Canada increased its holdings in General Dynamics by 5.2% in the fourth quarter. Royal Bank of Canada now owns 2,935,046 shares of the aerospace company's stock valued at $773,355,000 after buying an additional 145,978 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

GD has been the topic of a number of research reports. UBS Group upped their price target on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Morgan Stanley lowered their target price on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company cut their price target 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. William Blair cut shares of General Dynamics from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Finally, Citigroup cut their target price 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. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $293.00.

General Dynamics Trading Down 1.4%

NYSE GD opened at $278.96 on Tuesday. The company has a market cap of $74.87 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.69 and a beta of 0.46. 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 company has a 50-day moving average of $275.12 and a 200-day moving average of $266.38.

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 the consensus estimate of $3.43 by $0.23. The firm had revenue of $12.22 billion during 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 revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.88 earnings per share. As a group, equities analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's dividend payout ratio (DPR) is presently 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.

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