Stevens Capital Management LP Has $522,000 Stock Holdings in General Dynamics Co. (NYSE:GD)

Stevens Capital Management LP cut its holdings in General Dynamics Co. (NYSE:GD) by 70.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,009 shares of the aerospace company’s stock after selling 4,873 shares during the quarter. Stevens Capital Management LP’s holdings in General Dynamics were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Briaud Financial Planning Inc acquired a new position in shares of General Dynamics in the third quarter valued at approximately $27,000. Impact Partnership Wealth LLC grew its position in shares of General Dynamics by 411.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 107 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in shares of General Dynamics during the 4th quarter worth about $38,000. Rakuten Securities Inc. acquired a new stake in shares of General Dynamics during the 4th quarter worth about $38,000. Finally, Friedenthal Financial acquired a new stake in shares of General Dynamics during the 4th quarter worth about $45,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 1.4 %

General Dynamics stock traded up $3.86 on Thursday, hitting $284.97. 1,769,633 shares of the stock traded hands, compared to its average volume of 1,113,098. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The firm has a market cap of $78.19 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 1.86 and a beta of 0.68. The business’s fifty day simple moving average is $280.26 and its 200 day simple moving average is $261.22. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $296.50.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.01). The firm had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.26 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.64 EPS. As a group, sell-side analysts forecast that General Dynamics Co. will post 14.56 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.99%. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. General Dynamics’s dividend payout ratio is 47.25%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GD. JPMorgan Chase & Co. lifted their price objective on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research note on Thursday. Alembic Global Advisors lowered shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target on the stock. in a report on Monday, January 29th. Barclays lifted their price target on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Wells Fargo & Company boosted their target price on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Citigroup boosted their price target on shares of General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $285.63.

Insider Buying and Selling at General Dynamics

In related news, EVP Mark C. Roualet sold 73,330 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly owns 149,205 shares in the company, valued at approximately $39,502,023.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Mark C. Roualet sold 73,330 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the completion of the sale, the executive vice president now directly owns 149,205 shares in the company, valued at $39,502,023.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction on Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the transaction, the chief executive officer now owns 773,977 shares in the company, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

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.