Samalin Investment Counsel LLC Sells 136 Shares of General Dynamics Co. (NYSE:GD)

Samalin Investment Counsel LLC lessened its position in General Dynamics Co. (NYSE:GD – Get Rating) by 11.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,051 shares of the aerospace company’s stock after selling 136 shares during the quarter. Samalin Investment Counsel LLC’s holdings in General Dynamics were worth $261,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Greenleaf Trust increased its position in General Dynamics by 4.1% during the 3rd quarter. Greenleaf Trust now owns 4,913 shares of the aerospace company’s stock valued at $1,042,000 after purchasing an additional 193 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of General Dynamics by 11.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,896 shares of the aerospace company’s stock worth $11,859,000 after buying an additional 5,675 shares during the last quarter. Arcus Capital Partners LLC purchased a new position in shares of General Dynamics in the 4th quarter worth approximately $62,000. IHT Wealth Management LLC grew its position in shares of General Dynamics by 95.3% in the 3rd quarter. IHT Wealth Management LLC now owns 1,857 shares of the aerospace company’s stock worth $394,000 after buying an additional 906 shares during the last quarter. Finally, Resources Investment Advisors LLC. grew its position in shares of General Dynamics by 2.3% in the 3rd quarter. Resources Investment Advisors LLC. now owns 5,609 shares of the aerospace company’s stock worth $1,190,000 after buying an additional 125 shares during the last quarter. Institutional investors own 84.83% of the company’s stock.

General Dynamics Stock Up 0.8 %

Shares of GD traded up $1.56 during mid-day trading on Friday, hitting $205.91. 176,547 shares of the company’s stock were exchanged, compared to its average volume of 1,222,878. The company has a market cap of $56.49 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 1.82 and a beta of 0.84. General Dynamics Co. has a fifty-two week low of $202.88 and a fifty-two week high of $256.86. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 1.39. The stock’s 50-day moving average is $219.51 and its 200-day moving average is $232.82.

General Dynamics (NYSE:GD – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The aerospace company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.08. The business had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.30 billion. General Dynamics had a net margin of 8.50% and a return on equity of 18.66%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 earnings per share. On average, sell-side analysts anticipate that General Dynamics Co. will post 12.68 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 12th. Investors of record on Friday, April 14th were issued a $1.32 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend was Thursday, April 13th. This represents a $5.28 annualized dividend and a yield of 2.56%. General Dynamics’s dividend payout ratio (DPR) is 43.17%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wells Fargo & Company lowered their target price on shares of General Dynamics from $265.00 to $251.00 in a research note on Thursday, April 27th. William Blair assumed coverage on shares of General Dynamics in a research note on Thursday, March 30th. They issued an “outperform” rating for the company. Credit Suisse Group lowered their target price on shares of General Dynamics from $239.00 to $220.00 in a research note on Thursday, April 27th. Morgan Stanley lifted their target price on shares of General Dynamics from $243.00 to $248.00 in a research note on Thursday, January 26th. Finally, Citigroup decreased their price objective on shares of General Dynamics from $298.00 to $283.00 and set a “buy” rating for the company in a research note on Thursday, January 26th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $261.69.

Insider Activity at General Dynamics

In related news, Director Mark Malcolm purchased 4,700 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were bought at an average cost of $214.47 per share, for a total transaction of $1,008,009.00. Following the completion of the purchase, the director now directly owns 4,700 shares of the company’s stock, valued at approximately $1,008,009. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.52% of the stock is owned by corporate insiders.

General Dynamics Company Profile

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General Dynamics Corp. is a global aerospace and defense company, which engages in design, engineering, and manufacturing to deliver state-of-the-art solutions. It operates through the following business segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment designs, manufactures, and sells business jets.