Cetera Advisor Networks LLC lowered its position in shares of General Dynamics Co. (NYSE:GD) by 14.0% during the fourth quarter, Holdings Channel reports. The fund owned 3,618 shares of the aerospace company’s stock after selling 591 shares during the quarter. Cetera Advisor Networks LLC’s holdings in General Dynamics were worth $734,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of GD. Resources Investment Advisors Inc. boosted its position in shares of General Dynamics by 92.3% during the 4th quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock worth $127,000 after purchasing an additional 300 shares in the last quarter. NuWave Investment Management LLC bought a new position in shares of General Dynamics during the 4th quarter worth about $130,000. Fieldpoint Private Securities LLC bought a new position in shares of General Dynamics during the 3rd quarter worth about $148,000. Sit Investment Associates Inc. boosted its position in shares of General Dynamics by 170.0% during the 4th quarter. Sit Investment Associates Inc. now owns 953 shares of the aerospace company’s stock worth $194,000 after purchasing an additional 600 shares in the last quarter. Finally, Edmp Inc. bought a new position in shares of General Dynamics during the 4th quarter worth about $203,000. 87.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of General Dynamics Co. (NYSE GD) opened at $224.19 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.40 and a quick ratio of 0.99. The company has a market cap of $66,570.00, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.37 and a beta of 0.85. General Dynamics Co. has a one year low of $183.72 and a one year high of $229.54.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 19th were paid a $0.84 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.36 annualized dividend and a yield of 1.50%. General Dynamics’s dividend payout ratio (DPR) is 33.63%.
A number of research firms have recently issued reports on GD. Bank of America increased their price objective on shares of General Dynamics from $245.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $237.00 price target (up previously from $218.00) on shares of General Dynamics in a research report on Thursday, January 25th. Buckingham Research reaffirmed a “buy” rating and issued a $260.00 price target (up previously from $230.00) on shares of General Dynamics in a research report on Tuesday, January 30th. Zacks Investment Research raised 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. Finally, Argus raised shares of General Dynamics to a “buy” rating and raised their price target for the company from $230.00 to $250.00 in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $232.09.
In other General Dynamics news, Director John M. Keane sold 1,800 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $216.43, for a total value of $389,574.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Patrick Casey sold 9,304 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $215.29, for a total transaction of $2,003,058.16. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.
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General Dynamics Company Profile
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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