General Dynamics Co. (NYSE:GD) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. cut its stake in shares of General Dynamics Co. (NYSE:GD) by 45.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,424 shares of the aerospace company’s stock after selling 2,882 shares during the period. Koshinski Asset Management Inc.’s holdings in General Dynamics were worth $902,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GD. Wellington Management Group LLP raised its position in shares of General Dynamics by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 14,205,330 shares of the aerospace company’s stock worth $4,292,851,000 after purchasing an additional 109,618 shares during the last quarter. State Street Corp raised its holdings in shares of General Dynamics by 9.4% during the third quarter. State Street Corp now owns 10,945,110 shares of the aerospace company’s stock valued at $3,307,612,000 after acquiring an additional 943,247 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of General Dynamics by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,829,662 shares of the aerospace company’s stock valued at $2,366,124,000 after acquiring an additional 189,904 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of General Dynamics by 13.0% in the third quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company’s stock valued at $1,674,998,000 after acquiring an additional 638,342 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of General Dynamics by 0.5% in the third quarter. FMR LLC now owns 4,940,537 shares of the aerospace company’s stock worth $1,493,030,000 after acquiring an additional 24,464 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the sale, the vice president now directly owns 20,296 shares in the company, valued at $5,701,349.36. This represents a 21.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Sanford C. Bernstein decreased their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Robert W. Baird reissued a “neutral” rating and issued a $283.00 target price (down from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group lowered General Dynamics from a “neutral” rating to a “sell” rating and dropped their price target for the company from $283.00 to $245.00 in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, General Dynamics presently has an average rating of “Hold” and an average price target of $304.88.

General Dynamics Stock Performance

Shares of GD stock opened at $271.30 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The firm has a market cap of $74.60 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.41 and a beta of 0.61. The firm’s 50 day moving average price is $271.92 and its 200-day moving average price is $288.09. General Dynamics Co. has a one year low of $247.88 and a one year high of $316.90.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The firm had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same quarter last year, the company earned $3.04 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts predict that General Dynamics Co. will post 13.81 EPS for the current year.

General Dynamics declared that its board has initiated a share buyback plan on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is 43.26%.

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.