General Dynamics Co. (NYSE:GD) Shares Sold by First National Bank Sioux Falls

First National Bank Sioux Falls trimmed its position in shares of General Dynamics Co. (NYSE:GD) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,492 shares of the aerospace company’s stock after selling 100 shares during the period. First National Bank Sioux Falls’ holdings in General Dynamics were worth $387,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GD. Briaud Financial Planning Inc acquired a new position in shares of General Dynamics in the 3rd quarter valued at about $27,000. Impact Partnership Wealth LLC lifted its stake in shares of General Dynamics by 411.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 107 shares during the period. Rakuten Securities Inc. acquired a new stake in shares of General Dynamics in the 4th quarter worth approximately $38,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of General Dynamics in the 4th quarter worth approximately $38,000. Finally, Operose Advisors LLC acquired a new stake in shares of General Dynamics in the 3rd quarter worth approximately $40,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on GD. Alembic Global Advisors downgraded shares of 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. Wells Fargo & Company increased their price objective on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Barclays increased 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. Citigroup increased their price objective on shares of General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, UBS Group increased their target price on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $283.80.

Insiders Place Their Bets

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the transaction, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Mark C. Roualet sold 73,330 shares of the company’s 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 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 document filed 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 that occurred on 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 completion of the sale, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

General Dynamics Stock Performance

GD stock traded up $1.39 during midday trading on Tuesday, reaching $292.70. 1,132,059 shares of the company were exchanged, compared to its average volume of 1,066,708. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. The business has a 50-day moving average price of $279.51 and a two-hundred day moving average price of $260.57. General Dynamics Co. has a one year low of $202.35 and a one year high of $296.50. The firm has a market capitalization of $80.31 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 1.83 and a beta of 0.68.

General Dynamics (NYSE:GD) last announced 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). The business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.58 EPS. Equities research analysts forecast that General Dynamics Co. will post 14.57 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be paid a dividend of $1.42 per share. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. This represents a $5.68 annualized dividend and a yield of 1.94%. General Dynamics’s payout ratio is presently 47.25%.

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.