Indiana Trust & Investment Management CO Sells 333 Shares of General Dynamics Co. (GD)

Indiana Trust & Investment Management CO trimmed its position in shares of General Dynamics Co. (NYSE:GD) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,290 shares of the aerospace company’s stock after selling 333 shares during the period. Indiana Trust & Investment Management CO’s holdings in General Dynamics were worth $1,890,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in General Dynamics by 1.9% in the second quarter. Vanguard Group Inc. now owns 20,176,505 shares of the aerospace company’s stock valued at $3,996,966,000 after purchasing an additional 376,688 shares during the last quarter. Capital Research Global Investors grew its position in shares of General Dynamics by 4.5% during the second quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock worth $3,326,576,000 after acquiring an additional 725,896 shares during the last quarter. BlackRock Inc. grew its position in shares of General Dynamics by 5.3% during the second quarter. BlackRock Inc. now owns 16,338,831 shares of the aerospace company’s stock worth $3,236,720,000 after acquiring an additional 829,487 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of General Dynamics by 6.1% during the third quarter. Janus Henderson Group PLC now owns 5,302,868 shares of the aerospace company’s stock worth $1,090,164,000 after purchasing an additional 304,175 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of General Dynamics by 1.9% during the second quarter. Franklin Resources Inc. now owns 3,786,244 shares of the aerospace company’s stock worth $750,055,000 after purchasing an additional 71,287 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Several brokerages recently weighed in on GD. Zacks Investment Research raised General Dynamics from a “sell” rating to a “hold” rating in a report on Thursday. Jefferies Group reaffirmed a “buy” rating and set a $236.00 price target on shares of General Dynamics in a report on Thursday, October 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $220.00 price target on shares of General Dynamics in a report on Tuesday. Cowen reissued a “buy” rating and issued a $230.00 target price on shares of General Dynamics in a report on Thursday, October 26th. Finally, ValuEngine downgraded General Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $218.92.

General Dynamics Co. (NYSE:GD) opened at $208.29 on Friday. The stock has a market capitalization of $61,360.00, a price-to-earnings ratio of 20.68, a PEG ratio of 2.28 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37. General Dynamics Co. has a one year low of $172.43 and a one year high of $214.81.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.09. The business had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.94 billion. General Dynamics had a return on equity of 27.98% and a net margin of 9.94%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.36 EPS. research analysts forecast that General Dynamics Co. will post 9.8 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, January 18th. General Dynamics’s dividend payout ratio is presently 33.37%.

In other news, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $202.93, for a total value of $15,903,624.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider John Patrick Casey sold 34,945 shares of General Dynamics stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total value of $7,037,224.10. Following the completion of the transaction, the insider now directly owns 144,378 shares in the company, valued at $29,074,841.64. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

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About General Dynamics

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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

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