HF Advisory Group LLC Sells 161 Shares of General Dynamics Co. (NYSE:GD)

HF Advisory Group LLC lessened its stake in shares of General Dynamics Co. (NYSE:GD) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,587 shares of the aerospace company’s stock after selling 161 shares during the period. General Dynamics accounts for 1.3% of HF Advisory Group LLC’s holdings, making the stock its 20th largest position. HF Advisory Group LLC’s holdings in General Dynamics were worth $1,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in General Dynamics in the 4th quarter valued at $607,393,000. Wellington Management Group LLP raised its position in General Dynamics by 12.0% in the 3rd quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after purchasing an additional 1,755,276 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in General Dynamics by 484.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,749,729 shares of the aerospace company’s stock valued at $399,306,000 after purchasing an additional 1,450,213 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in General Dynamics by 91,832.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,386,337 shares of the aerospace company’s stock valued at $343,964,000 after purchasing an additional 1,384,829 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in General Dynamics by 10,763.2% in the 4th quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock valued at $239,829,000 after purchasing an additional 915,091 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on GD. Royal Bank of Canada lifted their price objective on General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. UBS Group lifted their price objective on General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Wells Fargo & Company boosted their target price on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. The Goldman Sachs Group boosted their target price on General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Alembic Global Advisors downgraded General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price for the company. in a research report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $283.80.

Insider Activity

In other news, EVP Mark C. Roualet sold 73,330 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the sale, the executive vice president now directly owns 149,205 shares in the company, valued at $39,502,023.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the sale, the executive vice president now owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the sale, the chief executive officer now owns 773,977 shares in the company, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Trading Up 0.8 %

NYSE:GD traded up $2.17 on Thursday, reaching $286.63. The company’s stock had a trading volume of 84,019 shares, compared to its average volume of 1,061,089. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. The firm has a market cap of $78.64 billion, a PE ratio of 23.67, a PEG ratio of 1.81 and a beta of 0.68. The business’s 50-day moving average price is $278.37 and its two-hundred day moving average price is $258.85.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The business had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.39 billion. During the same period in the previous year, the firm posted $3.58 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. Equities research analysts anticipate that General Dynamics Co. will post 14.57 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.98%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. General Dynamics’s payout ratio is 47.25%.

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.