Strategic Wealth Partners Ltd. Decreases Stock Holdings in General Dynamics Co. (NYSE:GD)

Strategic Wealth Partners Ltd. lowered its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 91.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,184 shares of the aerospace company's stock after selling 12,297 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in General Dynamics were worth $292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Life Planners bought a new position in shares of General Dynamics during the fourth quarter valued at $25,000. Whipplewood Advisors LLC bought a new position in shares of General Dynamics during the fourth quarter valued at $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in General Dynamics in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new stake in General Dynamics in the 4th quarter worth about $28,000. Finally, Heck Capital Advisors LLC bought a new stake in General Dynamics in the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GD shares. UBS Group raised their target price on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. TD Securities raised their target price on General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research report 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 report on Wednesday, April 2nd. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research report on Thursday, April 24th. Finally, Morgan Stanley lowered their price objective on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $293.00.

General Dynamics Price Performance

NYSE GD traded down $2.10 during trading hours on Friday, reaching $274.93. The company's stock had a trading volume of 835,858 shares, compared to its average volume of 1,376,257. The firm's 50-day moving average price is $271.22 and its 200-day moving average price is $268.17. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 1 year low of $239.20 and a 1 year high of $316.90. The company has a market capitalization of $73.79 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.69 and a beta of 0.49.

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

General Dynamics Increases Dividend

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

Insider Transactions at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the transaction, the senior vice president now owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. The trade was a 37.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

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.