DRW Securities LLC Sells 751 Shares of General Dynamics Co. (NYSE:GD)

DRW Securities LLC decreased its position in General Dynamics Co. (NYSE:GD) by 34.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,419 shares of the aerospace company’s stock after selling 751 shares during the period. DRW Securities LLC’s holdings in General Dynamics were worth $374,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GD. Financial Life Planners bought a new position in shares of General Dynamics in the 4th quarter valued at about $25,000. Whipplewood Advisors LLC bought a new position in General Dynamics during the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Dynamics in the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC bought a new position in shares of General Dynamics in the fourth quarter valued at about $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, Director Laura J. Schumacher sold 1,796 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the sale, the director now owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This represents a 13.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. This trade represents a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GD shares. The Goldman Sachs Group decreased their target price on General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a research report on Tuesday, January 28th. BTIG Research downgraded General Dynamics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 13th. TD Cowen decreased their price target on General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. UBS Group cut their price objective on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Susquehanna raised their target price on shares of General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $296.82.

General Dynamics Stock Performance

Shares of GD opened at $272.13 on Friday. General Dynamics Co. has a 1 year low of $239.20 and a 1 year high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The stock’s fifty day moving average price is $259.10 and its two-hundred day moving average price is $273.94. The firm has a market cap of $73.03 billion, a PE ratio of 19.95, a PEG ratio of 1.69 and a beta of 0.43.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. On average, equities research analysts forecast that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be issued a dividend of $1.50 per share. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a yield of 2.20%. General Dynamics’s payout ratio is presently 43.99%.

General Dynamics 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.