Pathstone Holdings LLC Sells 1,535 Shares of General Dynamics Co. (NYSE:GD)

Pathstone Holdings LLC lessened its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,627 shares of the aerospace company's stock after selling 1,535 shares during the period. Pathstone Holdings LLC's holdings in General Dynamics were worth $7,806,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Empowered Funds LLC lifted its stake in shares of General Dynamics by 15.3% in the fourth quarter. Empowered Funds LLC now owns 9,689 shares of the aerospace company's stock worth $2,553,000 after buying an additional 1,283 shares during the last quarter. Kentucky Trust Co bought a new position in General Dynamics in the 4th quarter worth $607,000. Hickory Point Bank & Trust acquired a new position in General Dynamics during the 4th quarter worth $692,000. Atlas Legacy Advisors LLC bought a new stake in General Dynamics during the fourth quarter valued at about $550,000. Finally, Jones Financial Companies Lllp boosted its holdings in General Dynamics by 45.4% during the fourth quarter. Jones Financial Companies Lllp now owns 80,565 shares of the aerospace company's stock valued at $21,228,000 after acquiring an additional 25,144 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on GD. UBS Group boosted their price objective on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Barclays reduced their price objective on General Dynamics from $305.00 to $285.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company cut their target price on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. TD Securities boosted their price objective on shares of General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their target price on General Dynamics from $307.00 to $284.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of "Hold" and a consensus target price of $293.00.

General Dynamics Trading Down 0.4%

Shares of General Dynamics stock traded down $1.13 during trading hours on Thursday, hitting $276.57. The company's stock had a trading volume of 187,296 shares, compared to its average volume of 1,368,151. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The company has a market capitalization of $74.23 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49. The stock has a 50 day moving average of $270.84 and a 200 day moving average of $268.72.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. The business had revenue of $12.22 billion during the quarter, compared to analysts' expectations of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. General Dynamics's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company posted $2.88 earnings per share. Analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Friday, April 11th. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.17%. General Dynamics's payout ratio is presently 41.61%.

Insider Activity at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the sale, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. This trade represents a 37.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

About General Dynamics

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.