General Dynamics Corporation (NYSE:GD) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,177 shares of the aerospace company's stock after selling 1,903 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in General Dynamics were worth $11,497,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock valued at $760,000 after purchasing an additional 417 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of General Dynamics in the fourth quarter worth about $26,000. Versor Investments LP boosted its position in General Dynamics by 50.1% during the fourth quarter. Versor Investments LP now owns 1,798 shares of the aerospace company's stock worth $474,000 after purchasing an additional 600 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of General Dynamics during the 4th quarter valued at approximately $336,000. Finally, Maripau Wealth Management LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at about $203,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Stock Performance

Shares of GD stock traded up $2.58 during mid-day trading on Tuesday, hitting $294.24. 1,468,655 shares of the stock were exchanged, compared to its average volume of 1,396,784. The stock has a market capitalization of $78.97 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.96 and a beta of 0.46. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $316.90. The stock's fifty day simple moving average is $276.93 and its two-hundred day simple moving average is $267.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.34.

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. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. 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 previous year, the business posted $2.88 earnings per share. General Dynamics's quarterly revenue was up 13.9% on a year-over-year basis. On average, analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's dividend payout ratio (DPR) is presently 41.61%.

Insiders Place Their Bets

In related news, CEO Phebe N. Novakovic sold 7,639 shares of General Dynamics stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $280.44, for a total value of $2,142,281.16. Following the sale, the chief executive officer directly owned 769,607 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on GD shares. UBS Group boosted 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. Citigroup decreased their price objective on General Dynamics from $335.00 to $330.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Morgan Stanley lowered 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 note on Thursday, April 24th. Susquehanna lifted 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, TD Cowen upped their target price on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, General Dynamics has a consensus rating of "Hold" and a consensus target price of $290.24.

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.