Belpointe Asset Management LLC Lowers Holdings in General Dynamics Co. (NYSE:GD)

Belpointe Asset Management LLC lowered its holdings in shares of General Dynamics Co. (NYSE:GD) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,343 shares of the aerospace company’s stock after selling 71 shares during the period. Belpointe Asset Management LLC’s holdings in General Dynamics were worth $354,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reduced their target price on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. TD Cowen decreased their price objective on General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Morgan Stanley lowered shares of General Dynamics from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $315.00 to $305.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. Finally, Susquehanna lifted their price objective on shares of General Dynamics from $300.00 to $315.00 and gave the stock a “positive” rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $294.47.

General Dynamics Trading Down 0.1 %

NYSE GD opened at $276.98 on Thursday. General Dynamics Co. has a 52 week low of $239.20 and a 52 week high of $316.90. The company has a 50 day moving average price of $260.77 and a 200 day moving average price of $273.49. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The firm has a market cap of $74.34 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43.

General Dynamics (NYSE:GD) last issued 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%. As a group, sell-side analysts forecast that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be issued a dividend of $1.50 per share. The ex-dividend date is Friday, April 11th. This represents a $6.00 annualized dividend and a dividend yield of 2.17%. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio is 43.99%.

Insider Activity at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares in the company, valued at $2,857,224. This trade represents a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction dated Monday, March 10th. The shares were 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 represents a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

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.