Koshinski Asset Management Inc. Cuts Stock Position in General Dynamics Co. (NYSE:GD)

Koshinski Asset Management Inc. reduced its stake in General Dynamics Co. (NYSE:GD) by 61.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,426 shares of the aerospace company’s stock after selling 2,270 shares during the quarter. Koshinski Asset Management Inc.’s holdings in General Dynamics were worth $370,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in General Dynamics during the 4th quarter worth approximately $607,393,000. Wellington Management Group LLP boosted its stake in shares of General Dynamics by 12.0% in the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after purchasing an additional 1,755,276 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in General Dynamics by 484.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,749,729 shares of the aerospace company’s stock valued at $399,306,000 after purchasing an additional 1,450,213 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in General Dynamics by 91,832.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,386,337 shares of the aerospace company’s stock worth $343,964,000 after buying an additional 1,384,829 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in General Dynamics by 10,763.2% in the 4th quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock worth $239,829,000 after buying an additional 915,091 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. StockNews.com lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Susquehanna increased their target price on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday. Wells Fargo & Company upped their price target on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Royal Bank of Canada raised their price objective on shares of General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Finally, UBS Group upped their target price on shares of General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $283.79.

Insider Buying and Selling at General Dynamics

In other 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 owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Mark C. Roualet sold 73,330 shares of the business’s 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 sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the sale, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

General Dynamics Price Performance

Shares of NYSE GD opened at $284.68 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. The firm has a market capitalization of $78.11 billion, a PE ratio of 23.68, a P/E/G ratio of 1.83 and a beta of 0.68. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. The business’s fifty day moving average price is $277.72 and its two-hundred day moving average price is $258.21.

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

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be 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 2.00%. The ex-dividend date is Thursday, April 11th. General Dynamics’s dividend payout ratio (DPR) is currently 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.