Worldquant Millennium Advisors LLC Sells 20,415 Shares of General Dynamics Co. (NYSE:GD)

Worldquant Millennium Advisors LLC decreased its position in General Dynamics Co. (NYSE:GD) by 20.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,225 shares of the aerospace company’s stock after selling 20,415 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in General Dynamics were worth $20,612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GD. Barclays PLC increased its holdings in shares of General Dynamics by 43.1% during the third quarter. Barclays PLC now owns 942,485 shares of the aerospace company’s stock valued at $284,818,000 after acquiring an additional 283,972 shares in the last quarter. Capital & Planning LLC increased its holdings in shares of General Dynamics by 9.8% during the fourth quarter. Capital & Planning LLC now owns 1,538 shares of the aerospace company’s stock valued at $405,000 after acquiring an additional 137 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of General Dynamics by 38.3% during the fourth quarter. Ameritas Advisory Services LLC now owns 1,480 shares of the aerospace company’s stock valued at $390,000 after acquiring an additional 410 shares in the last quarter. Grove Bank & Trust boosted its position in shares of General Dynamics by 44.4% during the fourth quarter. Grove Bank & Trust now owns 511 shares of the aerospace company’s stock valued at $135,000 after buying an additional 157 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its position in shares of General Dynamics by 9.8% during the fourth quarter. Diversify Wealth Management LLC now owns 9,114 shares of the aerospace company’s stock valued at $2,364,000 after buying an additional 817 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on GD. Royal Bank of Canada dropped their price objective on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. dropped their price objective on General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Argus set a $295.00 price objective on General Dynamics in a research report on Tuesday, May 6th. Citigroup dropped their price objective on General Dynamics from $335.00 to $330.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, BTIG Research cut General Dynamics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Hold” and an average target price of $293.00.

Insider Transactions at General Dynamics

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction that occurred on 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 sale, the senior vice president now owns 45,192 shares of the company’s stock, valued at approximately $12,297,195.12. This trade represents a 37.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 0.0%

NYSE GD opened at $281.38 on Wednesday. The stock’s 50-day moving average price is $270.53 and its 200-day moving average price is $268.66. 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 52 week low of $239.20 and a 52 week high of $316.90. The company has a market capitalization of $75.52 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.43 by $0.23. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. During the same quarter last year, the company earned $2.88 earnings per share. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 11th were paid a $1.50 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $6.00 annualized dividend and a dividend yield of 2.13%. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio (DPR) is 41.61%.

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.