Citizens Financial Group Inc RI decreased its position in General Dynamics (NYSE:GD) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,552 shares of the aerospace company’s stock after selling 2,207 shares during the quarter. Citizens Financial Group Inc RI’s holdings in General Dynamics were worth $8,958,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC increased its position in shares of General Dynamics by 5.0% during the fourth quarter. Segall Bryant & Hamill LLC now owns 4,782 shares of the aerospace company’s stock valued at $973,000 after buying an additional 229 shares during the period. Clear Perspective Advisors LLC increased its position in shares of General Dynamics by 8.1% during the fourth quarter. Clear Perspective Advisors LLC now owns 3,355 shares of the aerospace company’s stock valued at $683,000 after buying an additional 252 shares during the period. KCM Investment Advisors LLC increased its position in shares of General Dynamics by 1.6% during the first quarter. KCM Investment Advisors LLC now owns 17,551 shares of the aerospace company’s stock valued at $3,877,000 after buying an additional 278 shares during the period. Eagle Asset Management Inc. increased its position in shares of General Dynamics by 20.5% during the fourth quarter. Eagle Asset Management Inc. now owns 1,649 shares of the aerospace company’s stock valued at $350,000 after buying an additional 281 shares during the period. Finally, Fulton Bank N.A. increased its position in shares of General Dynamics by 21.9% during the first quarter. Fulton Bank N.A. now owns 1,574 shares of the aerospace company’s stock valued at $347,000 after buying an additional 283 shares during the period. Hedge funds and other institutional investors own 86.01% of the company’s stock.

Several equities analysts recently issued reports on GD shares. Zacks Investment Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $252.00 price target on the stock in a research report on Friday, February 2nd. Credit Suisse Group boosted their price target on shares of General Dynamics from $259.00 to $262.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. Royal Bank of Canada boosted their price target on shares of General Dynamics to $267.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Morgan Stanley boosted their price target on shares of General Dynamics from $209.00 to $225.00 and gave the company an “underweight” rating in a research report on Friday, February 23rd. Finally, Cowen reiterated an “outperform” rating and set a $253.00 price target (up previously from $230.00) on shares of General Dynamics in a research report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $241.11.

In other news, VP Gary L. Whited sold 5,977 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $224.52, for a total value of $1,341,956.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John Patrick Casey sold 4,133 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $225.27, for a total transaction of $931,040.91. Following the completion of the transaction, the executive vice president now owns 96,055 shares in the company, valued at approximately $21,638,309.85. The disclosure for this sale can be found here. Insiders have sold 14,043 shares of company stock worth $3,172,828 in the last three months. 6.70% of the stock is currently owned by insiders.

NYSE:GD opened at $201.71 on Friday. General Dynamics has a one year low of $191.00 and a one year high of $230.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 1.34. The stock has a market cap of $59.94 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.96 and a beta of 0.84.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 25th. The aerospace company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.49 by $0.16. General Dynamics had a net margin of 9.49% and a return on equity of 26.83%. The business had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the firm posted $2.48 earnings per share. General Dynamics’s quarterly revenue was up .8% on a year-over-year basis. research analysts anticipate that General Dynamics will post 11.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 11th. Investors of record on Friday, April 13th were paid a dividend of $0.93 per share. The ex-dividend date was Thursday, April 12th. This represents a $3.72 annualized dividend and a yield of 1.84%. This is a positive change from General Dynamics’s previous quarterly dividend of $0.84. General Dynamics’s payout ratio is presently 37.39%.

General Dynamics Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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

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