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

CWM LLC decreased its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,815 shares of the aerospace company's stock after selling 9,572 shares during the quarter. CWM LLC's holdings in General Dynamics were worth $20,206,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Briaud Financial Planning Inc purchased a new stake in General Dynamics in the 3rd quarter worth $27,000. Impact Partnership Wealth LLC lifted its stake in General Dynamics by 411.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company's stock worth $29,000 after purchasing an additional 107 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in General Dynamics in the 4th quarter worth $38,000. Wetzel Investment Advisors Inc. purchased a new stake in General Dynamics in the 4th quarter worth $38,000. Finally, Operose Advisors LLC purchased a new stake in General Dynamics in the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on GD. Citigroup upped their target price on shares of 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 upped their target price on shares of General Dynamics from $291.00 to $322.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. UBS Group upped their target price on shares of General Dynamics from $286.00 to $296.00 and gave the company a "neutral" rating in a research report on Monday, January 29th. The Goldman Sachs Group upped their price target on shares of General Dynamics from $253.00 to $284.00 and gave the company a "neutral" rating in a report on Tuesday, April 16th. Finally, Barclays upped their price target on shares of General Dynamics from $285.00 to $310.00 and gave the company an "overweight" rating in a report on Monday, April 15th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $283.80.

General Dynamics Stock Up 0.9 %

Shares of NYSE GD traded up $2.69 during midday trading on Monday, reaching $291.31. 859,365 shares of the company's stock traded hands, compared to its average volume of 1,066,182. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The stock's 50 day simple moving average is $279.07 and its 200-day simple moving average is $260.04. General Dynamics Co. has a one year low of $202.35 and a one year high of $296.50. The company has a market cap of $79.93 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 1.83 and a beta of 0.68.

General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $11.39 billion. During the same period in the previous year, the company earned $3.58 EPS. The company's revenue was up 7.5% on a year-over-year basis. On average, analysts predict that General Dynamics Co. will post 14.57 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business 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. The ex-dividend date is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.95%. This is a boost from General Dynamics's previous quarterly dividend of $1.32. General Dynamics's dividend payout ratio (DPR) is currently 47.25%.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the firm's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the transaction, the chief executive officer now owns 773,977 shares of the company's stock, valued at $204,569,860.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the transaction, the executive vice president now owns 149,205 shares of the company's stock, valued at $39,502,023.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the transaction, the chief executive officer now directly owns 773,977 shares of the company's stock, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

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.