Acropolis Investment Management LLC trimmed its stake in shares of General Dynamics Co. (NYSE:GD) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 4,555 shares of the aerospace company’s stock after selling 150 shares during the period. Acropolis Investment Management LLC’s holdings in General Dynamics were worth $803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of GD. Vanguard Group Inc. increased its position in shares of General Dynamics by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 21,270,773 shares of the aerospace company’s stock valued at $3,867,453,000 after purchasing an additional 177,296 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of General Dynamics by 5.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,590,209 shares of the aerospace company’s stock worth $470,952,000 after buying an additional 130,747 shares during the last quarter. Farallon Capital Management LLC boosted its holdings in shares of General Dynamics by 23.5% in the second quarter. Farallon Capital Management LLC now owns 1,335,214 shares of the aerospace company’s stock worth $242,769,000 after buying an additional 253,726 shares during the last quarter. Nuveen Asset Management LLC grew its position in General Dynamics by 852.6% during the second quarter. Nuveen Asset Management LLC now owns 1,044,973 shares of the aerospace company’s stock valued at $189,997,000 after buying an additional 935,275 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in General Dynamics by 0.5% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 954,479 shares of the aerospace company’s stock valued at $174,412,000 after buying an additional 4,353 shares during the period. Institutional investors own 86.14% of the company’s stock.

Several research analysts have weighed in on GD shares. ValuEngine downgraded shares of General Dynamics from a “hold” rating to a “sell” rating in a research report on Friday, December 20th. Cowen reiterated a “buy” rating and set a $215.00 price target on shares of General Dynamics in a research note on Tuesday, December 17th. Barclays reissued a “buy” rating and set a $210.00 price objective on shares of General Dynamics in a research report on Thursday, December 12th. Finally, Morgan Stanley upped their price objective on General Dynamics from $172.00 to $175.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. General Dynamics currently has a consensus rating of “Hold” and an average target price of $196.38.

In related news, EVP Mark C. Roualet sold 50,195 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $181.78, for a total value of $9,124,447.10. Following the completion of the transaction, the executive vice president now owns 169,443 shares of the company’s stock, valued at approximately $30,801,348.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 7.10% of the stock is currently owned by insiders.

NYSE GD traded up $0.16 on Tuesday, reaching $181.29. 22,433 shares of the stock were exchanged, compared to its average volume of 1,044,902. General Dynamics Co. has a one year low of $160.21 and a one year high of $193.76. The firm has a market capitalization of $51.93 billion, a PE ratio of 15.87, a PEG ratio of 1.61 and a beta of 1.14. The company’s 50-day simple moving average is $179.92 and its two-hundred day simple moving average is $182.51. The company has a current ratio of 1.11, a quick ratio of 0.74 and a debt-to-equity ratio of 0.67.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.06 by $0.08. The business had revenue of $9.76 billion during the quarter, compared to analyst estimates of $9.75 billion. General Dynamics had a net margin of 8.66% and a return on equity of 26.79%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.89 earnings per share. Sell-side analysts forecast that General Dynamics Co. will post 11.91 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, January 16th. General Dynamics’s dividend payout ratio (DPR) is 35.73%.

General Dynamics 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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