Ifrah Financial Services Inc. Sells 144 Shares of General Dynamics Co. (NYSE:GD)

Ifrah Financial Services Inc. decreased its position in General Dynamics Co. (NYSE:GD) by 5.8% during the 4th quarter, HoldingsChannel reports. The fund owned 2,350 shares of the aerospace company’s stock after selling 144 shares during the quarter. Ifrah Financial Services Inc.’s holdings in General Dynamics were worth $610,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GD. Briaud Financial Planning Inc acquired a new position in shares of General Dynamics during the 3rd quarter worth approximately $27,000. Wetzel Investment Advisors Inc. acquired a new position in General Dynamics during the fourth quarter worth $38,000. Rakuten Securities Inc. bought a new stake in General Dynamics during the fourth quarter worth $38,000. Friedenthal Financial acquired a new stake in General Dynamics in the fourth quarter valued at $45,000. Finally, Operose Advisors LLC bought a new position in shares of General Dynamics in the 3rd quarter valued at about $40,000. 86.14% of the stock is owned by institutional investors.

Insider Activity at General Dynamics

In other news, CEO Phebe N. Novakovic sold 49,850 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the sale, the chief executive officer now directly owns 768,977 shares in the company, valued at $218,773,956.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $288.51, for a total value of $3,914,215.17. Following the sale, the vice president now owns 103,345 shares in the company, valued at approximately $29,816,065.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Phebe N. Novakovic sold 49,850 shares of General Dynamics stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the transaction, the chief executive officer now directly owns 768,977 shares in the company, valued at $218,773,956.50. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on GD. Jefferies Financial Group upgraded General Dynamics from a “hold” rating to a “buy” rating and upped their price objective for the company from $305.00 to $335.00 in a research note on Monday, April 29th. Alembic Global Advisors downgraded General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target for the company. in a report on Monday, January 29th. StockNews.com downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday. Argus raised their target price on shares of General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Finally, Susquehanna upped their price target on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average target price of $300.53.

General Dynamics Price Performance

Shares of NYSE GD traded up $0.78 during trading hours on Friday, hitting $288.14. 974,321 shares of the stock were exchanged, compared to its average volume of 1,217,434. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. The company has a market cap of $79.05 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 1.80 and a beta of 0.67. The company’s fifty day simple moving average is $282.47 and its two-hundred day simple moving average is $263.37.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). The company had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $2.64 EPS. On average, sell-side analysts predict that General Dynamics Co. will post 14.55 EPS for the current year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a dividend yield of 1.97%. General Dynamics’s dividend payout ratio is 46.33%.

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.