General Dynamics Co. (NYSE:GD) Stock Position Lowered by Sei Investments Co.

Sei Investments Co. lessened its position in General Dynamics Co. (NYSE:GD) by 0.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 284,814 shares of the aerospace company’s stock after selling 624 shares during the period. Sei Investments Co. owned approximately 0.10% of General Dynamics worth $75,044,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GD. Financial Life Planners acquired a new position in shares of General Dynamics in the 4th quarter worth $25,000. Whipplewood Advisors LLC acquired a new position in shares of General Dynamics in the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Dynamics in the 4th quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Dynamics in the 4th quarter worth $28,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of General Dynamics in the 4th quarter worth $28,000. Institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at approximately $12,297,195.12. This represents a 37.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now directly owns 11,175 shares of the company’s stock, valued at $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GD. BTIG Research cut General Dynamics from a “buy” rating to a “neutral” rating in a report on Thursday, February 13th. Citigroup decreased their target price on General Dynamics from $360.00 to $335.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Barclays lowered their price target on General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Jefferies Financial Group reiterated a “hold” rating and set a $300.00 price target (down previously from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. Finally, Royal Bank of Canada lowered their target price on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $297.71.

General Dynamics Price Performance

Shares of GD stock opened at $263.30 on Friday. The stock has a 50 day moving average of $258.50 and a two-hundred day moving average of $277.79. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 12 month low of $239.87 and a 12 month high of $316.90. The company has a market capitalization of $71.18 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.69 and a beta of 0.59.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. As a group, equities analysts expect that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics announced that its board has authorized a share buyback plan on Wednesday, December 4th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is a boost 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 2.28%. General Dynamics’s dividend payout ratio is presently 43.99%.

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.