General Dynamics Co. (NYSE:GD) Shares Sold by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. cut its holdings in General Dynamics Co. (NYSE:GD) by 9.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 435 shares of the aerospace company’s stock after selling 48 shares during the period. Atlas Capital Advisors Inc.’s holdings in General Dynamics were worth $115,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Uniting Wealth Partners LLC acquired a new position in General Dynamics in the fourth quarter valued at $394,000. Arete Wealth Advisors LLC increased its stake in shares of General Dynamics by 44.7% during the 4th quarter. Arete Wealth Advisors LLC now owns 5,828 shares of the aerospace company’s stock valued at $1,534,000 after acquiring an additional 1,800 shares during the last quarter. World Investment Advisors lifted its holdings in shares of General Dynamics by 13.4% during the 4th quarter. World Investment Advisors now owns 14,602 shares of the aerospace company’s stock worth $3,847,000 after acquiring an additional 1,721 shares during the period. Nicolet Advisory Services LLC boosted its position in shares of General Dynamics by 1.5% in the fourth quarter. Nicolet Advisory Services LLC now owns 4,238 shares of the aerospace company’s stock worth $1,099,000 after acquiring an additional 62 shares during the last quarter. Finally, OneAscent Financial Services LLC grew its holdings in General Dynamics by 6.2% in the fourth quarter. OneAscent Financial Services LLC now owns 2,471 shares of the aerospace company’s stock valued at $651,000 after purchasing an additional 144 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE GD opened at $249.94 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a fifty-two week low of $239.87 and a fifty-two week high of $316.90. The business has a 50 day moving average price of $258.75 and a two-hundred day moving average price of $275.54. The firm has a market cap of $67.08 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Sell-side analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be given 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 is Friday, April 11th. This represents a $6.00 annualized dividend and a dividend yield of 2.40%. General Dynamics’s dividend payout ratio (DPR) is presently 43.99%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GD shares. Wells Fargo & Company increased their price target on shares of General Dynamics from $244.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. William Blair cut General Dynamics from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. JPMorgan Chase & Co. dropped their price target on General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. BTIG Research lowered General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 13th. Finally, Baird R W downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $298.59.

Insider Activity at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now owns 11,175 shares in the company, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the transaction, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. The trade was 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 owned by corporate 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.