Thoroughbred Financial Services LLC Sells 306 Shares of General Dynamics Co. (NYSE:GD)

Thoroughbred Financial Services LLC trimmed its position in shares of General Dynamics Co. (NYSE:GD) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,477 shares of the aerospace company’s stock after selling 306 shares during the period. Thoroughbred Financial Services LLC’s holdings in General Dynamics were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of GD. Financial Life Planners purchased a new stake in General Dynamics in the 4th quarter worth about $25,000. Whipplewood Advisors LLC purchased a new position in shares of General Dynamics in the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Dynamics in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new position in General Dynamics in the 4th quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC purchased a new position in General Dynamics in the 4th quarter valued at approximately $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business’s 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 transaction, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at approximately $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the director now directly owns 11,175 shares of the company’s stock, valued at $2,857,224. The trade was a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group cut their price target on General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Robert W. Baird reaffirmed a “neutral” rating and set a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Baird R W downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Barclays decreased their target price on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, Wells Fargo & Company increased their target price 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. One investment 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $298.59.

General Dynamics Price Performance

GD stock opened at $249.94 on Friday. The firm has a market cap of $67.08 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.69 and a beta of 0.43. The firm’s fifty day moving average is $258.75 and its 200 day moving average is $275.74. General Dynamics Co. has a 52 week low of $239.87 and a 52 week high of $316.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37.

General Dynamics (NYSE:GD) last released 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 return on equity of 17.10% and a net margin of 7.93%. Research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be issued a $1.50 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend 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 currently 43.99%.

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.