Sound View Wealth Advisors Group LLC Has $3.75 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

Sound View Wealth Advisors Group LLC reduced its position in General Dynamics Co. (NYSE:GD - Free Report) by 16.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,433 shares of the aerospace company's stock after selling 2,748 shares during the period. Sound View Wealth Advisors Group LLC's holdings in General Dynamics were worth $3,748,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GD. Wellington Management Group LLP grew its holdings 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 worth $3,615,185,000 after purchasing an additional 1,755,276 shares during the last quarter. International Assets Investment Management LLC increased 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 acquiring an additional 915,091 shares during the period. California Public Employees Retirement System raised its stake in shares of General Dynamics by 55.2% during the third quarter. California Public Employees Retirement System now owns 806,917 shares of the aerospace company's stock valued at $178,304,000 after acquiring an additional 286,928 shares during the last quarter. FMR LLC lifted its holdings in shares of General Dynamics by 13.7% during the third quarter. FMR LLC now owns 2,293,269 shares of the aerospace company's stock worth $506,744,000 after purchasing an additional 275,947 shares during the period. Finally, Boston Partners increased its holdings in General Dynamics by 12.7% in the third quarter. Boston Partners now owns 1,763,878 shares of the aerospace company's stock valued at $392,110,000 after purchasing an additional 198,185 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Buying and Selling

In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of the business's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the completion of the sale, the vice president now directly owns 103,345 shares in the company, valued at approximately $29,816,065.95. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Gregory S. Gallopoulos sold 13,567 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $288.51, for a total value of $3,914,215.17. Following the transaction, the vice president now owns 103,345 shares in the company, valued at approximately $29,816,065.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 49,850 shares of General Dynamics stock in a transaction on Friday, April 26th. The stock was sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the transaction, the chief executive officer now owns 768,977 shares in the company, valued at approximately $218,773,956.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,053 shares of company stock worth $26,827,518. 1.52% of the stock is owned by insiders.

General Dynamics Stock Up 1.1 %

GD stock traded up $3.28 during midday trading on Friday, hitting $299.03. The company's stock had a trading volume of 894,161 shares, compared to its average volume of 1,090,125. The firm's 50-day moving average is $286.21 and its 200-day moving average is $266.89. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $299.14. The company has a market cap of $82.04 billion, a PE ratio of 24.17, a P/E/G ratio of 1.84 and a beta of 0.67.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The business had revenue of $10.73 billion for the quarter, compared to analysts' expectations of $10.26 billion. During the same period last year, the business earned $2.64 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 12th were given 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 was Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.90%. General Dynamics's dividend payout ratio is 46.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GD shares. Citigroup boosted their price target on shares of General Dynamics from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. boosted their price objective on General Dynamics from $280.00 to $298.00 and gave the company an "overweight" rating in a research note on Thursday, April 25th. Wells Fargo & Company raised their target price on General Dynamics from $291.00 to $322.00 and gave the stock an "overweight" rating in a research note on Thursday, April 4th. The Goldman Sachs Group boosted their price target on General Dynamics from $253.00 to $284.00 and gave the company a "neutral" rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada reduced their price objective on shares of General Dynamics from $325.00 to $320.00 and set an "outperform" rating for the company in a research report on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $300.53.

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.

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