Cambridge Trust Co. Trims Stock Holdings in General Dynamics Co. (NYSE:GD)

Cambridge Trust Co. reduced its position in shares of General Dynamics Co. (NYSE:GD) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,459 shares of the aerospace company’s stock after selling 75 shares during the quarter. Cambridge Trust Co.’s holdings in General Dynamics were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GD. Certified Advisory Corp bought a new position in shares of General Dynamics during the first quarter valued at approximately $25,000. Briaud Financial Planning Inc purchased a new position in shares of General Dynamics in the 3rd quarter worth approximately $27,000. Impact Partnership Wealth LLC raised its stake in shares of General Dynamics by 411.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 107 shares in the last quarter. Live Oak Investment Partners purchased a new position in General Dynamics in the fourth quarter worth $30,000. Finally, Tyler Stone Wealth Management acquired a new position in shares of General Dynamics during the second quarter worth $30,000. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

GD has been the topic of several recent analyst reports. Citigroup upped their target price on General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. The Goldman Sachs Group lifted their target price on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research note on Tuesday. Susquehanna upped their price target on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Alembic Global Advisors lowered shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective on the stock. in a report on Monday, January 29th. Finally, Barclays boosted their price target on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $283.80.

Insider Transactions at General Dynamics

In related news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the sale, the executive vice president now owns 149,205 shares in the company, valued at approximately $39,502,023.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the sale, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock opened at $285.27 on Friday. The company has a market capitalization of $78.27 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.81 and a beta of 0.68. General Dynamics Co. has a 12-month low of $202.35 and a 12-month high of $296.50. The business’s 50 day moving average is $278.70 and its two-hundred day moving average is $259.03. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). The company had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.58 earnings per share. Analysts expect that General Dynamics Co. will post 14.57 EPS for the current fiscal year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is 47.25%.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.