Ifrah Financial Services Inc. cut its stake in General Dynamics Co. (NYSE:GD) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,915 shares of the aerospace company’s stock after selling 625 shares during the quarter. Ifrah Financial Services Inc.’s holdings in General Dynamics were worth $1,000,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. ETRADE Capital Management LLC lifted its stake in General Dynamics by 38.0% in the 3rd quarter. ETRADE Capital Management LLC now owns 2,337 shares of the aerospace company’s stock worth $481,000 after purchasing an additional 643 shares in the last quarter. Brightworth purchased a new position in General Dynamics in the 3rd quarter worth approximately $5,882,000. Park National Corp OH lifted its stake in General Dynamics by 7.6% in the 3rd quarter. Park National Corp OH now owns 45,986 shares of the aerospace company’s stock worth $9,454,000 after purchasing an additional 3,234 shares in the last quarter. Amalgamated Bank lifted its stake in General Dynamics by 1.8% in the 3rd quarter. Amalgamated Bank now owns 30,733 shares of the aerospace company’s stock worth $6,318,000 after purchasing an additional 549 shares in the last quarter. Finally, Alpha Cubed Investments LLC purchased a new position in General Dynamics in the 3rd quarter worth approximately $278,000. 86.82% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics stock in a transaction on Monday, November 6th. The shares were sold at an average price of $202.93, for a total transaction of $15,903,624.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on GD shares. Royal Bank of Canada raised their price target on shares of General Dynamics to $258.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Jefferies Group raised their price target on shares of General Dynamics to $247.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. They noted that the move was a valuation call. Bank of America raised their price target on shares of General Dynamics from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Argus lifted their target price on shares of General Dynamics from $230.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Citigroup lifted their target price on shares of General Dynamics from $215.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $230.99.

General Dynamics Co. (NYSE:GD) traded up $2.55 during trading hours on Thursday, hitting $225.03. 1,539,201 shares of the company’s stock traded hands, compared to its average volume of 1,749,537. The firm has a market capitalization of $67,020.00, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 2.39 and a beta of 0.72. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. General Dynamics Co. has a fifty-two week low of $179.11 and a fifty-two week high of $229.54.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.13. The business had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.89 earnings per share. research analysts expect that General Dynamics Co. will post 11.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 19th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.36 annualized dividend and a dividend yield of 1.49%. General Dynamics’s dividend payout ratio (DPR) is currently 35.18%.

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General Dynamics Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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