General Dynamics Co. (NYSE:GD) Shares Sold by Comerica Bank

Comerica Bank trimmed its position in General Dynamics Co. (NYSE:GD - Free Report) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,040 shares of the aerospace company's stock after selling 5,485 shares during the quarter. Comerica Bank's holdings in General Dynamics were worth $19,772,000 at the end of the most recent quarter.

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

Insider Activity

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company's stock.

General Dynamics Trading Down 0.3 %

Shares of NYSE:GD traded down $0.93 during trading on Monday, reaching $272.11. 1,156,505 shares of the company were exchanged, compared to its average volume of 1,365,191. The business's fifty day simple moving average is $266.84 and its 200-day simple moving average is $270.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. General Dynamics Co. has a 12-month low of $239.20 and a 12-month high of $316.90. The firm has a market capitalization of $73.03 billion, a PE ratio of 19.95, a P/E/G ratio of 1.69 and a beta of 0.49.

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

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.21%. This is a boost from General Dynamics's previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. General Dynamics's dividend payout ratio is presently 41.61%.

Analysts Set New Price Targets

Several research firms have weighed in on GD. TD Cowen cut their price target on General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Barclays cut their target price on shares of General Dynamics from $305.00 to $285.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Morgan Stanley decreased their price target on shares of 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. TD Securities boosted their target price on shares of General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Citigroup lowered their price target on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $292.88.

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.