General Dynamics Co. (NYSE:GD) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its position in General Dynamics Co. (NYSE:GD) by 84.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,178 shares of the aerospace company’s stock after selling 12,015 shares during the period. Fisher Asset Management LLC’s holdings in General Dynamics were worth $566,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GD. Copperwynd Financial LLC lifted its stake in shares of General Dynamics by 3.7% in the 4th quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock worth $274,000 after acquiring an additional 38 shares during the period. Woodward Diversified Capital LLC lifted its stake in shares of General Dynamics by 2.3% in the fourth quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock valued at $448,000 after purchasing an additional 39 shares during the period. Regent Peak Wealth Advisors LLC lifted its stake in shares of General Dynamics by 0.4% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock valued at $2,812,000 after purchasing an additional 41 shares during the period. Cornercap Investment Counsel Inc. lifted its stake in shares of General Dynamics by 0.4% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock valued at $2,695,000 after purchasing an additional 41 shares during the period. Finally, Johnson Financial Group Inc. lifted its stake in shares of General Dynamics by 12.5% in the fourth quarter. Johnson Financial Group Inc. now owns 370 shares of the aerospace company’s stock valued at $96,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Performance

GD stock opened at $298.25 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. The stock has a market cap of $81.83 billion, a P/E ratio of 24.33, a P/E/G ratio of 1.71 and a beta of 0.64. The firm has a 50 day simple moving average of $293.42 and a 200 day simple moving average of $276.61. General Dynamics Co. has a 52 week low of $209.25 and a 52 week high of $302.42.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.26 billion. General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. General Dynamics’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.64 earnings per share. Research analysts anticipate that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Friday, July 5th. General Dynamics’s dividend payout ratio (DPR) is currently 46.33%.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 49,850 shares of the business’s stock in a transaction on Friday, April 26th. The shares were 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 of the company’s stock, valued at $218,773,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Phebe N. Novakovic sold 49,850 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the sale, the chief executive officer now owns 768,977 shares in the company, valued at approximately $218,773,956.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kimberly A. Kuryea sold 13,344 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the sale, the chief financial officer now owns 79,255 shares in the company, valued at approximately $23,630,670.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,486 shares of company stock valued at $34,391,642. 1.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on GD. The Goldman Sachs Group raised their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Argus raised their price objective on shares of General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Barclays raised their price objective on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. lifted their target price on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Royal Bank of Canada cut their target price 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. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $300.63.

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.