Kovitz Investment Group Partners LLC Sells 11,235 Shares of General Dynamics Co. (NYSE:GD)

Kovitz Investment Group Partners LLC reduced its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 30.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,766 shares of the aerospace company's stock after selling 11,235 shares during the period. Kovitz Investment Group Partners LLC's holdings in General Dynamics were worth $6,789,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Financial Life Planners bought a new position in shares of General Dynamics during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC bought a new position in General Dynamics in the fourth quarter valued at $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in General Dynamics in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC bought a new stake in General Dynamics during the 4th quarter worth about $28,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of General Dynamics during the 4th quarter worth about $28,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GD has been the subject of several recent research reports. Susquehanna increased their price target on General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research report on Wednesday, April 2nd. Baird R W cut shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Robert W. Baird reaffirmed a "neutral" rating and set a $283.00 price target (down from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Dynamics from $303.00 to $295.00 and set a "hold" rating for the company in a research report on Thursday, January 2nd. Finally, UBS Group upped their target price on shares of General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $292.88.

General Dynamics Stock Performance

Shares of General Dynamics stock traded up $0.02 during trading on Wednesday, reaching $272.10. The company's stock had a trading volume of 1,388,603 shares, compared to its average volume of 1,360,985. General Dynamics Co. has a 52 week low of $239.20 and a 52 week high of $316.90. The firm has a market cap of $73.03 billion, a PE ratio of 19.95, a P/E/G ratio of 1.69 and a beta of 0.43. The business's 50-day moving average price is $265.28 and its 200-day moving average price is $271.58. 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 (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. During the same quarter in the prior year, the business posted $2.88 EPS. The business's revenue was up 13.9% compared to the same quarter last year. Equities analysts forecast that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

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

Insider Activity

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the company'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 completion of the sale, the director now directly owns 11,175 shares in the company, valued at $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction on 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 owns 45,192 shares in the company, valued at approximately $12,297,195.12. The trade was a 37.88 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.