General Dynamics Co. (NYSE:GD) Shares Sold by Lido Advisors LLC

Lido Advisors LLC lowered its stake in General Dynamics Co. (NYSE:GD - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,641 shares of the aerospace company's stock after selling 18,055 shares during the period. Lido Advisors LLC's holdings in General Dynamics were worth $18,350,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GD. Purus Wealth Management LLC increased its holdings in shares of General Dynamics by 1.5% in the 4th quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company's stock valued at $701,000 after purchasing an additional 39 shares in the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of General Dynamics by 4.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company's stock valued at $277,000 after purchasing an additional 40 shares in the last quarter. Austin Wealth Management LLC increased its holdings in shares of General Dynamics by 5.4% in the 4th quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company's stock valued at $220,000 after purchasing an additional 42 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of General Dynamics by 35.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company's stock valued at $43,000 after purchasing an additional 43 shares in the last quarter. Finally, Stokes Family Office LLC increased its holdings in General Dynamics by 0.4% during the 4th quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company's stock valued at $2,708,000 after acquiring an additional 43 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction that occurred on Monday, March 10th. The shares were 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 directly owns 45,192 shares of the company's stock, valued at $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the transaction, the director now directly owns 11,175 shares in the company, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Price Performance

GD opened at $271.86 on Tuesday. The company's 50 day simple moving average is $264.77 and its 200 day simple moving average is $271.58. 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 1 year low of $239.20 and a 1 year high of $316.90. The stock has a market capitalization of $72.97 billion, a PE ratio of 19.93, a P/E/G ratio of 1.69 and a beta of 0.43.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $11.92 billion. During the same period last year, the company earned $2.88 earnings per share. The company's quarterly revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts expect that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have weighed in on GD shares. Baird R W downgraded shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. The Goldman Sachs Group dropped their target price on shares of General Dynamics from $245.00 to $241.00 and set a "sell" rating for the company in a report on Tuesday, January 28th. William Blair downgraded shares of General Dynamics from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Wells Fargo & Company dropped their target price on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Vertical Research downgraded shares of General Dynamics from a "buy" rating to a "hold" rating and dropped their target price for the company from $352.00 to $290.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued 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 a consensus price target of $293.83.

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.

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