Crossmark Global Holdings Inc. cut its stake in General Dynamics Co. (NYSE:GD) by 8.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,683 shares of the aerospace company’s stock after selling 1,060 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in General Dynamics were worth $2,377,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. WFG Advisors LP lifted its stake in General Dynamics by 0.3% in the 2nd quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 2 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in General Dynamics by 6.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after purchasing an additional 37 shares in the last quarter. Roberts Glore & Co. Inc. IL lifted its stake in General Dynamics by 2.2% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 4,641 shares of the aerospace company’s stock worth $919,000 after purchasing an additional 100 shares in the last quarter. Linscomb & Williams Inc. lifted its stake in General Dynamics by 7.7% in the 2nd quarter. Linscomb & Williams Inc. now owns 1,613 shares of the aerospace company’s stock worth $320,000 after purchasing an additional 116 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in General Dynamics by 5.1% in the 2nd quarter. Cetera Investment Advisers now owns 2,572 shares of the aerospace company’s stock worth $511,000 after purchasing an additional 125 shares in the last quarter. 87.03% of the stock is currently owned by hedge funds and other institutional investors.

GD has been the topic of a number of research reports. Credit Suisse Group reissued an “outperform” rating and issued a $238.00 target price (up from $216.00) on shares of General Dynamics in a research note on Thursday, October 26th. JPMorgan Chase & Co. lowered shares of General Dynamics from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $225.00 to $215.00 in a research note on Tuesday, December 12th. Stifel Nicolaus raised their target price on shares of General Dynamics from $200.00 to $210.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of General Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Finally, Royal Bank of Canada set a $239.00 price target on shares of General Dynamics and gave the company a “buy” rating in a research report on Wednesday, November 15th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $231.94.

Shares of General Dynamics Co. (GD) opened at $212.10 on Monday. General Dynamics Co. has a 1-year low of $182.16 and a 1-year high of $229.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.40 and a quick ratio of 0.99. The firm has a market cap of $62,971.57, a P/E ratio of 21.32, a P/E/G ratio of 2.25 and a beta of 0.85.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.13. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The firm had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.40 billion. During the same quarter last year, the firm earned $1.89 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. equities analysts expect that General Dynamics Co. will post 11.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 19th were paid a $0.84 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.36 annualized dividend and a dividend yield of 1.58%. General Dynamics’s dividend payout ratio (DPR) is 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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