Paradigm Asset Management Co. LLC Sells 200 Shares of General Dynamics Co. (NYSE:GD)

Paradigm Asset Management Co. LLC lowered its stake in General Dynamics Co. (NYSE:GDFree Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,706 shares of the aerospace company’s stock after selling 200 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in General Dynamics were worth $1,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MeadowBrook Investment Advisors LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at about $25,000. Rakuten Securities Inc. acquired a new position in General Dynamics during the fourth quarter worth approximately $38,000. Wetzel Investment Advisors Inc. acquired a new position in General Dynamics during the fourth quarter worth approximately $38,000. Operose Advisors LLC acquired a new position in General Dynamics during the third quarter worth approximately $40,000. Finally, Rational Advisors LLC acquired a new position in General Dynamics during the third quarter worth approximately $42,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other news, VP Gregory S. Gallopoulos sold 13,567 shares of the stock in a transaction dated 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 transaction, the vice president now owns 103,345 shares of the company’s stock, valued at approximately $29,816,065.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP William A. Moss sold 21,050 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $294.85, for a total value of $6,206,592.50. Following the transaction, the vice president now owns 16,624 shares of the company’s stock, valued at approximately $4,901,586.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now directly owns 103,345 shares in the company, valued at approximately $29,816,065.95. The disclosure for this sale can be found here. Insiders have sold 118,486 shares of company stock valued at $34,391,642 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

General Dynamics Trading Up 1.0 %

General Dynamics stock traded up $3.10 during trading hours on Monday, reaching $299.62. 784,100 shares of the company’s stock were exchanged, compared to its average volume of 1,080,032. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The firm’s 50 day simple moving average is $289.09 and its 200 day simple moving average is $269.60. General Dynamics Co. has a twelve month low of $202.35 and a twelve month high of $301.48. The firm has a market capitalization of $82.20 billion, a PE ratio of 24.44, a PEG ratio of 1.71 and a beta of 0.67.

General Dynamics (NYSE:GDGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the business posted $2.64 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. Research analysts predict that General Dynamics Co. will post 14.55 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 12th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Thursday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is 46.33%.

Wall Street Analyst Weigh In

GD has been the topic of a number of recent analyst reports. Citigroup boosted their price target on General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Alembic Global Advisors downgraded General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a research report on Monday, January 29th. JPMorgan Chase & Co. upped their target price on General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Argus upped their target price on General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Finally, Royal Bank of Canada decreased their target price on General Dynamics from $325.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $300.63.

Read Our Latest Analysis on General Dynamics

General Dynamics Company Profile

(Free Report)

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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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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