Quadrant Capital Group LLC Has $505,000 Stake in General Dynamics Co. (NYSE:GD)

Quadrant Capital Group LLC cut its holdings in shares of General Dynamics Co. (NYSE:GD) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,916 shares of the aerospace company’s stock after selling 52 shares during the quarter. Quadrant Capital Group LLC’s holdings in General Dynamics were worth $505,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GD. Purus Wealth Management LLC raised its stake in shares of General Dynamics by 1.5% in the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock worth $701,000 after purchasing an additional 39 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in General Dynamics by 4.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company’s stock valued at $277,000 after buying an additional 40 shares during the last quarter. Austin Wealth Management LLC lifted its stake in General Dynamics by 5.4% during the 4th quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company’s stock valued at $220,000 after acquiring an additional 42 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in General Dynamics by 35.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 43 shares during the last quarter. Finally, Stokes Family Office LLC grew its stake in shares of General Dynamics by 0.4% in the 4th quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company’s stock worth $2,708,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 1.0 %

GD opened at $247.62 on Tuesday. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The company has a market cap of $66.46 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $258.31 and a 200 day moving average of $274.95.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 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%. On average, sell-side analysts expect that General Dynamics Co. will post 14.83 EPS for the current 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. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a dividend yield of 2.42%. General Dynamics’s dividend payout ratio is currently 43.99%.

Insider Activity

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the sale, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. This trade represents a 37.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the transaction, the director now owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. UBS Group cut their price target on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Vertical Research lowered General Dynamics from a “buy” rating to a “hold” rating and reduced their target price for the company from $352.00 to $290.00 in a report on Monday, January 6th. Baird R W lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Barclays reduced their price objective on General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $283.00 target price (down from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $298.59.

About General Dynamics

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.