Public Employees Retirement Association of Colorado Sells 67,526 Shares of General Dynamics Co. (NYSE:GD)

Public Employees Retirement Association of Colorado lowered its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 19.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 275,039 shares of the aerospace company's stock after selling 67,526 shares during the period. Public Employees Retirement Association of Colorado owned 0.10% of General Dynamics worth $72,470,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Empowered Funds LLC boosted its holdings 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 period. Kentucky Trust Co bought a new stake in General Dynamics during the fourth quarter worth approximately $607,000. Hickory Point Bank & Trust bought a new stake in shares of General Dynamics in the fourth quarter valued at approximately $692,000. Wealth Enhancement Advisory Services LLC grew its position in General Dynamics by 69.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 261,992 shares of the aerospace company's stock worth $69,032,000 after purchasing an additional 107,095 shares during the last quarter. Finally, Atlas Legacy Advisors LLC bought a new position in General Dynamics during the fourth quarter valued at about $550,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Buying and Selling

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the transaction, the senior vice president now directly owns 45,192 shares of the company's stock, valued at $12,297,195.12. This represents a 37.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now owns 11,175 shares of the company's stock, valued at approximately $2,857,224. This represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

General Dynamics Stock Down 0.1 %

Shares of NYSE:GD traded down $0.38 during midday trading on Thursday, hitting $271.74. The stock had a trading volume of 1,319,910 shares, compared to its average volume of 1,360,572. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The business's 50-day simple moving average is $265.87 and its 200-day simple moving average is $271.59. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The company has a market cap of $72.93 billion, a P/E ratio of 19.92, a PEG ratio of 1.69 and a beta of 0.43.

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

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from General Dynamics's previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. General Dynamics's dividend payout ratio (DPR) is presently 41.61%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GD shares. BTIG Research lowered shares of General Dynamics from a "buy" rating to a "neutral" rating in a report on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on General Dynamics from $245.00 to $241.00 and set a "sell" rating on the stock in a report on Tuesday, January 28th. TD Securities boosted their target price on General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Susquehanna lifted their target price on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company cut their target price on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, General Dynamics has a consensus rating of "Hold" and an average price target of $292.88.

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.