Sabal Trust CO Has $29.70 Million Stock Position in General Dynamics Co. (NYSE:GD)

Sabal Trust CO decreased its stake in General Dynamics Co. (NYSE:GD - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 114,366 shares of the aerospace company's stock after selling 4,537 shares during the quarter. General Dynamics accounts for about 1.8% of Sabal Trust CO's investment portfolio, making the stock its 22nd largest holding. Sabal Trust CO's holdings in General Dynamics were worth $29,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Regent Peak Wealth Advisors LLC grew its holdings in shares of General Dynamics by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company's stock worth $2,812,000 after purchasing an additional 41 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in General Dynamics by 6.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company's stock valued at $152,000 after buying an additional 42 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in General Dynamics by 2.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company's stock valued at $408,000 after buying an additional 42 shares in the last quarter. Alliance Wealth Advisors LLC UT boosted its stake in General Dynamics by 1.6% in the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 2,706 shares of the aerospace company's stock valued at $598,000 after buying an additional 43 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in General Dynamics by 2.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,013 shares of the aerospace company's stock valued at $445,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Trading Up 0.7 %

Shares of GD traded up $1.96 during trading hours on Friday, hitting $295.18. 858,986 shares of the stock traded hands, compared to its average volume of 925,446. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $295.45. The firm has a market capitalization of $80.99 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 1.86 and a beta of 0.68. The business has a fifty day moving average of $275.00 and a 200-day moving average of $254.89.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The firm had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. During the same period last year, the company earned $3.58 EPS. The company's revenue was up 7.5% compared to the same quarter last year. Analysts expect that General Dynamics Co. will post 14.57 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be issued a $1.42 dividend. This is an increase from General Dynamics's previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Thursday, April 11th. General Dynamics's dividend payout ratio is 47.25%.

Analyst Upgrades and Downgrades

Several analysts recently commented on GD shares. StockNews.com lowered General Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 3rd. UBS Group lifted their price objective on General Dynamics from $286.00 to $296.00 and gave the company a "neutral" rating in a research report on Monday, January 29th. Citigroup lifted their price objective on General Dynamics from $283.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, January 25th. Wells Fargo & Company lifted their price objective on General Dynamics from $291.00 to $322.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Alembic Global Advisors downgraded General Dynamics from an "overweight" rating to a "neutral" rating and set a $296.00 price objective for the company. in a research report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $278.08.

Insiders Place Their Bets

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the sale, the executive vice president now directly owns 149,205 shares in the company, valued at $39,502,023.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the transaction, the chief executive officer now owns 773,977 shares of the company's stock, valued at $204,569,860.87. The disclosure for this sale can be found here. Corporate insiders own 1.52% 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.