City Holding Co. cut its stake in General Dynamics Co. (NYSE:GD) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 970 shares of the aerospace company’s stock after selling 200 shares during the period. City Holding Co.’s holdings in General Dynamics were worth $144,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GD. Advisory Alpha LLC acquired a new stake in General Dynamics in the 3rd quarter valued at about $26,000. Horan Capital Advisors LLC. acquired a new position in General Dynamics during the third quarter worth $28,000. Rockbridge Investment Management LCC purchased a new stake in shares of General Dynamics during the second quarter worth $43,000. FinTrust Capital Advisors LLC increased its holdings in General Dynamics by 97.2% in the third quarter. FinTrust Capital Advisors LLC now owns 351 shares of the aerospace company’s stock valued at $49,000 after buying an additional 173 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in General Dynamics in the third quarter valued at $63,000. 77.11% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on the stock. Robert W. Baird cut shares of General Dynamics from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $167.00 to $149.00 in a research note on Friday, October 2nd. The Goldman Sachs Group lowered shares of General Dynamics from a “buy” rating to a “sell” rating and decreased their price target for the company from $205.00 to $138.00 in a report on Thursday, September 17th. Credit Suisse Group decreased their price target on shares of General Dynamics from $156.00 to $140.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. They noted that the move was a valuation call. TheStreet upgraded shares of General Dynamics from a “c+” rating to a “b-” rating in a report on Thursday, December 17th. Finally, BidaskClub lowered shares of General Dynamics from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 23rd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $169.53.

Shares of NYSE:GD opened at $152.63 on Thursday. The company has a 50 day moving average of $151.11 and a 200-day moving average of $147.17. The firm has a market cap of $43.80 billion, a P/E ratio of 13.85, a P/E/G ratio of 2.43 and a beta of 1.05. General Dynamics Co. has a twelve month low of $100.55 and a twelve month high of $190.08. The company has a current ratio of 1.29, a quick ratio of 0.90 and a debt-to-equity ratio of 0.68.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 28th. The aerospace company reported $2.90 EPS for the quarter, beating the consensus estimate of $2.85 by $0.05. General Dynamics had a net margin of 8.33% and a return on equity of 23.00%. The business had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. Equities research analysts forecast that General Dynamics Co. will post 11.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 5th. Investors of record on Friday, January 15th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.88%. The ex-dividend date is Thursday, January 14th. General Dynamics’s dividend payout ratio is presently 36.73%.

In other news, VP William A. Moss sold 4,713 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $138.54, for a total transaction of $652,939.02. Following the sale, the vice president now owns 12,753 shares in the company, valued at $1,766,800.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.60% of the stock is owned by insiders.

About General Dynamics

General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It operates through the following segments: Aerospace, Combat Systems, Information Technology, Mission Systems and Marine Systems.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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