Moreno Evelyn V Has $2.59 Million Position in General Dynamics Co. (NYSE:GD)

Moreno Evelyn V reduced its holdings in General Dynamics Co. (NYSE:GD) by 63.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,963 shares of the aerospace company’s stock after selling 17,347 shares during the quarter. Moreno Evelyn V’s holdings in General Dynamics were worth $2,587,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in GD. Eudaimonia Partners LLC acquired a new stake in General Dynamics during the fourth quarter worth about $240,000. Benjamin F. Edwards & Company Inc. lifted its stake in General Dynamics by 188.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 40,830 shares of the aerospace company’s stock worth $10,602,000 after purchasing an additional 26,668 shares during the period. Pacer Advisors Inc. lifted its stake in General Dynamics by 99.3% during the fourth quarter. Pacer Advisors Inc. now owns 29,045 shares of the aerospace company’s stock worth $7,542,000 after purchasing an additional 14,468 shares during the period. Principal Securities Inc. bought a new position in General Dynamics during the fourth quarter worth about $1,056,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in General Dynamics during the third quarter worth about $16,077,000. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Trading Down 0.6 %

Shares of GD stock traded down $1.81 on Thursday, hitting $296.20. The stock had a trading volume of 226,248 shares, compared to its average volume of 1,077,956. The firm has a market cap of $81.27 billion, a P/E ratio of 24.19, a PEG ratio of 1.69 and a beta of 0.67. General Dynamics Co. has a twelve month low of $202.35 and a twelve month high of $301.48. The company has a fifty day moving average price of $288.18 and a two-hundred day moving average price of $268.64. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.01). The company had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.26 billion. General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.64 earnings per share. As a group, analysts forecast that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 12th were given a $1.42 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, April 11th. General Dynamics’s payout ratio is currently 46.33%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Jefferies Financial Group upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and raised their price target for the stock from $305.00 to $335.00 in a research note on Monday, April 29th. Citigroup raised their price target on shares of General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group raised their price target on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Argus raised their price target on shares of General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $300.63.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the sale, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other General Dynamics news, Director Leon Rudy F. De sold 2,570 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $288.00, for a total transaction of $740,160.00. Following the sale, the director now directly owns 5,518 shares of the company’s stock, valued at approximately $1,589,184. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the sale, the chief executive officer now directly owns 768,977 shares in the company, valued at $218,773,956.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,486 shares of company stock valued at $34,391,642. 1.52% of the stock is owned by corporate insiders.

About General Dynamics

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.