Duncker Streett & Co. Inc. Sells 80 Shares of General Dynamics Co. (NYSE:GD)

Duncker Streett & Co. Inc. decreased its position in shares of General Dynamics Co. (NYSE:GD) by 26.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 227 shares of the aerospace company’s stock after selling 80 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in General Dynamics were worth $59,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Markel Corp boosted its position in shares of General Dynamics by 0.9% during the 1st quarter. Markel Corp now owns 390,500 shares of the aerospace company’s stock valued at $94,181,000 after acquiring an additional 3,500 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of General Dynamics by 13.2% during the first quarter. Moors & Cabot Inc. now owns 4,202 shares of the aerospace company’s stock valued at $1,014,000 after buying an additional 490 shares during the period. Zions Bancorporation N.A. increased its stake in shares of General Dynamics by 294.2% during the first quarter. Zions Bancorporation N.A. now owns 540 shares of the aerospace company’s stock valued at $130,000 after buying an additional 403 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of General Dynamics by 791.6% during the first quarter. Brown Brothers Harriman & Co. now owns 1,275 shares of the aerospace company’s stock valued at $308,000 after buying an additional 1,132 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of General Dynamics by 51.6% during the first quarter. NewEdge Advisors LLC now owns 34,153 shares of the aerospace company’s stock valued at $8,237,000 after buying an additional 11,630 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In other news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was 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 directly owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the transaction, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction on 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 transaction, the executive vice president now owns 149,205 shares in the company, valued at $39,502,023.75. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

General Dynamics Trading Down 0.3 %

Shares of NYSE:GD opened at $284.48 on Thursday. The company has a market cap of $78.05 billion, a P/E ratio of 23.67, a PEG ratio of 1.81 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $296.50. The stock’s fifty day moving average price is $278.37 and its 200-day moving average price is $258.85.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The firm 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 firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.58 EPS. Sell-side analysts expect that General Dynamics Co. will post 14.57 earnings per share 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 dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 annualized dividend and a dividend yield of 2.00%. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is currently 47.25%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GD shares. Wells Fargo & Company boosted their target price on General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Alembic Global Advisors cut General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a research note on Monday, January 29th. Barclays lifted their price target on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Finally, Citigroup boosted their target price on General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $283.80.

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.