Raymond James Trust N.A. decreased its holdings in General Dynamics Co. (NYSE:GD) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,164 shares of the aerospace company’s stock after selling 742 shares during the quarter. Raymond James Trust N.A.’s holdings in General Dynamics were worth $3,413,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc raised its position in General Dynamics by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 20,905,951 shares of the aerospace company’s stock worth $4,279,866,000 after buying an additional 357,032 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in General Dynamics by 14,601.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,581,635 shares of the aerospace company’s stock worth $61,000 after buying an additional 9,516,460 shares during the last quarter. Matthew Goff Investment Advisor LLC raised its position in General Dynamics by 18,540.8% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 4,959,204 shares of the aerospace company’s stock worth $26,604,000 after buying an additional 4,932,600 shares during the last quarter. Geode Capital Management LLC raised its position in General Dynamics by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 3,511,536 shares of the aerospace company’s stock worth $551,080,000 after buying an additional 193,294 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in General Dynamics by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,914,278 shares of the aerospace company’s stock worth $391,891,000 after buying an additional 29,753 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

A number of equities analysts have commented on GD shares. FIG Partners upgraded shares of General Dynamics to an “add” rating in a research report on Tuesday, January 8th. Credit Suisse Group restated a “buy” rating and set a $190.00 price objective on shares of General Dynamics in a research report on Monday, January 14th. Drexel Hamilton restated a “buy” rating and set a $230.00 price objective on shares of General Dynamics in a research report on Monday, February 4th. Cowen restated a “buy” rating on shares of General Dynamics in a research report on Wednesday, March 6th. Finally, Argus downgraded shares of General Dynamics from a “buy” rating to a “hold” rating and set a $170.91 price objective for the company. in a research report on Thursday, January 31st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $204.43.

In related news, VP Gary L. Whited sold 14,640 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $165.38, for a total value of $2,421,163.20. Following the sale, the vice president now directly owns 30,462 shares of the company’s stock, valued at approximately $5,037,805.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lester L. Lyles sold 4,580 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $172.42, for a total transaction of $789,683.60. Following the completion of the sale, the director now directly owns 12,314 shares in the company, valued at $2,123,179.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,547 shares of company stock worth $3,609,299. Corporate insiders own 7.10% of the company’s stock.

Shares of NYSE:GD traded down $2.93 on Monday, reaching $172.00. 1,209,242 shares of the company were exchanged, compared to its average volume of 1,370,479. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.98. General Dynamics Co. has a 1-year low of $143.87 and a 1-year high of $229.74. The stock has a market cap of $50.51 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.59 and a beta of 1.12.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 30th. The aerospace company reported $3.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.09. General Dynamics had a net margin of 9.24% and a return on equity of 28.33%. The business had revenue of $10.38 billion for the quarter, compared to analysts’ expectations of $10.34 billion. During the same period in the prior year, the company posted $2.50 EPS. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. Equities analysts anticipate that General Dynamics Co. will post 11.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be paid a dividend of $1.02 per share. The ex-dividend date is Thursday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $0.93. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.37%. General Dynamics’s dividend payout ratio is 35.73%.

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General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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

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