General Dynamics Co. (NYSE:GD) Shares Sold by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC cut its stake in shares of General Dynamics Co. (NYSE:GD) by 5.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 793 shares of the aerospace company’s stock after selling 47 shares during the period. Revolve Wealth Partners LLC’s holdings in General Dynamics were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GD. Fifth Third Wealth Advisors LLC increased its position in shares of General Dynamics by 67.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 8,546 shares of the aerospace company’s stock worth $2,583,000 after acquiring an additional 3,448 shares during the last quarter. Olstein Capital Management L.P. grew its stake in General Dynamics by 36.4% during the 3rd quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company’s stock valued at $4,533,000 after purchasing an additional 4,000 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in General Dynamics by 10.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,074 shares of the aerospace company’s stock worth $11,204,000 after purchasing an additional 3,363 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of General Dynamics by 69.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 261,992 shares of the aerospace company’s stock valued at $69,032,000 after purchasing an additional 107,095 shares in the last quarter. Finally, Lummis Asset Management LP boosted its stake in shares of General Dynamics by 32.6% during the 3rd quarter. Lummis Asset Management LP now owns 10,368 shares of the aerospace company’s stock valued at $3,133,000 after buying an additional 2,551 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank of Canada cut shares of General Dynamics from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $330.00 to $290.00 in a report on Thursday, December 19th. Susquehanna cut their target price on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Baird R W downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. TD Cowen cut their price objective on General Dynamics from $315.00 to $295.00 in a research note on Tuesday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 target price (down previously from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $303.28.

Insider Buying and Selling

In related news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction dated 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. The trade was a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Trading Down 2.8 %

Shares of NYSE:GD opened at $262.33 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $268.94 and its 200 day moving average price is $287.64. The company has a market cap of $72.13 billion, a PE ratio of 19.98, a P/E/G ratio of 1.43 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $257.26 and a fifty-two week high of $316.90.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.17%. General Dynamics’s dividend payout ratio is presently 43.26%.

General Dynamics announced that its board has approved a share repurchase program on Wednesday, December 4th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.