Uncommon Cents Investing LLC Sells 65 Shares of General Dynamics Co. (NYSE:GD)

Uncommon Cents Investing LLC trimmed its holdings in General Dynamics Co. (NYSE:GD) by 1.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,845 shares of the aerospace company’s stock after selling 65 shares during the quarter. Uncommon Cents Investing LLC’s holdings in General Dynamics were worth $998,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its stake in shares of General Dynamics by 6.5% in the third quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company’s stock worth $152,000 after acquiring an additional 42 shares during the period. Raleigh Capital Management Inc. grew its position in General Dynamics by 2.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock worth $408,000 after purchasing an additional 42 shares during the period. Alliance Wealth Advisors LLC UT raised its stake in General Dynamics by 1.6% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 2,706 shares of the aerospace company’s stock valued at $598,000 after buying an additional 43 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of General Dynamics by 2.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,013 shares of the aerospace company’s stock worth $445,000 after buying an additional 44 shares during the last quarter. Finally, PSI Advisors LLC grew its holdings in shares of General Dynamics by 40.4% in the third quarter. PSI Advisors LLC now owns 160 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 46 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 149,205 shares in the company, valued at approximately $39,502,023.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction dated Monday, January 29th. The shares were 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 directly owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark C. Roualet sold 73,330 shares of the firm’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 completion of the sale, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. 1.52% of the stock is owned by insiders.

General Dynamics Stock Performance

NYSE GD opened at $282.43 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $284.75. The business has a 50 day simple moving average of $270.29 and a two-hundred day simple moving average of $251.75. The stock has a market capitalization of $77.49 billion, a PE ratio of 23.50, a P/E/G ratio of 1.79 and a beta of 0.68.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing the consensus estimate of $3.68 by ($0.04). The business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.39 billion. General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.58 EPS. On average, research analysts predict that General Dynamics Co. will post 14.59 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.01%. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. General Dynamics’s dividend payout ratio is currently 43.93%.

Analyst Ratings Changes

A number of research firms have weighed in on GD. Royal Bank of Canada reissued an “outperform” rating and issued a $300.00 target price on shares of General Dynamics in a report on Thursday, January 25th. 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. StockNews.com downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. Citigroup increased their target price on General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Alembic Global Advisors cut General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target on the stock. in a report on Monday, January 29th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $271.69.

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.