Yousif Capital Management LLC Has $14.99 Million Stock Position in General Dynamics Co. (NYSE:GD)

Yousif Capital Management LLC trimmed its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,708 shares of the aerospace company's stock after selling 3,432 shares during the period. Yousif Capital Management LLC's holdings in General Dynamics were worth $14,985,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of General Dynamics by 12.0% during the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company's stock valued at $3,615,185,000 after acquiring an additional 1,755,276 shares in the last quarter. International Assets Investment Management LLC boosted its position in General Dynamics by 10,763.2% in the 4th quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company's stock valued at $239,829,000 after buying an additional 915,091 shares during the period. California Public Employees Retirement System lifted its position in shares of General Dynamics by 55.2% in the 3rd quarter. California Public Employees Retirement System now owns 806,917 shares of the aerospace company's stock worth $178,304,000 after purchasing an additional 286,928 shares during the period. FMR LLC increased its stake in General Dynamics by 13.7% during the 3rd quarter. FMR LLC now owns 2,293,269 shares of the aerospace company's stock valued at $506,744,000 after purchasing an additional 275,947 shares in the last quarter. Finally, Boston Partners boosted its holdings in shares of General Dynamics by 12.7% in the 3rd quarter. Boston Partners now owns 1,763,878 shares of the aerospace company's stock valued at $392,110,000 after acquiring an additional 198,185 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup raised their price objective on shares of General Dynamics from $283.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, January 25th. Royal Bank of Canada upped their target price on shares of General Dynamics from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, April 2nd. UBS Group upped their price objective on shares of General Dynamics from $286.00 to $296.00 and gave the stock a "neutral" rating in a research report on Monday, January 29th. Susquehanna upped their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the stock a "positive" rating in a research report on Friday, April 12th. Finally, Wells Fargo & Company increased their price objective on shares of General Dynamics from $291.00 to $322.00 and gave the company an "overweight" rating in a research note on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $283.80.

General Dynamics Trading Down 4.0 %

Shares of General Dynamics stock traded down $11.57 on Wednesday, hitting $281.15. 4,023,365 shares of the company's stock traded hands, compared to its average volume of 1,103,578. The company has a fifty day moving average of $280.26 and a two-hundred day moving average of $261.22. The company has a market capitalization of $77.14 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.85 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. General Dynamics Co. has a one year low of $202.35 and a one year high of $296.50.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly 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). The company had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.39 billion. General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. General Dynamics's revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.58 earnings per share. As a group, sell-side analysts expect that General Dynamics Co. will post 14.56 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be issued a dividend of $1.42 per share. This is an increase from General Dynamics's previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.02%. General Dynamics's dividend payout ratio is 47.25%.

Insider Transactions at General Dynamics

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the business's stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction 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 approximately $39,502,023.75. The sale was disclosed in a document filed with the SEC, which is available through this link. In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the sale, the chief executive officer now directly owns 773,977 shares in the company, valued at $204,569,860.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction on 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 sale, the executive vice president now owns 149,205 shares of the company's stock, valued at $39,502,023.75. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

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.