General Dynamics Co. (NYSE:GD) Shares Sold by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. cut its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,720 shares of the aerospace company's stock after selling 1,490 shares during the quarter. Sompo Asset Management Co. Ltd.'s holdings in General Dynamics were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Financial Life Planners bought a new stake in General Dynamics during the fourth quarter worth about $25,000. Whipplewood Advisors LLC bought a new stake in shares of General Dynamics in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of General Dynamics in the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new position in General Dynamics during the 4th quarter valued at approximately $28,000. Finally, Heck Capital Advisors LLC bought a new stake in General Dynamics in the fourth quarter worth $28,000. Institutional investors own 86.14% of the company's stock.

General Dynamics Price Performance

Shares of General Dynamics stock traded down $1.13 on Monday, reaching $270.84. The company's stock had a trading volume of 382,005 shares, compared to its average volume of 1,359,549. The company has a market capitalization of $72.69 billion, a P/E ratio of 19.88, a PEG ratio of 1.69 and a beta of 0.43. General Dynamics Co. has a 52-week low of $239.20 and a 52-week high of $316.90. The stock has a 50-day moving average price of $264.21 and a 200-day moving average price of $271.77. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33.

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

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio (DPR) is 41.61%.

Insider Activity

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction dated 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 $2,857,224. This trade represents a 13.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the transaction, the senior vice president now owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. The trade was a 37.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. TD Cowen dropped their price target on shares of General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. UBS Group upped their target price on shares of General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a report on Thursday. Susquehanna increased their price target on General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research note on Wednesday, April 2nd. TD Securities upped their target price on shares of General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Wells Fargo & Company decreased their price target on 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 investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $293.83.

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.