Investors sold shares of General Dynamics Co. (NYSE:GD) on strength during trading on Wednesday. $92.01 million flowed into the stock on the tick-up and $138.04 million flowed out of the stock on the tick-down, for a money net flow of $46.03 million out of the stock. Of all companies tracked, General Dynamics had the 33rd highest net out-flow for the day. General Dynamics traded up $2.49 for the day and closed at $214.95

GD has been the topic of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of General Dynamics from $200.00 to $210.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Royal Bank of Canada set a $239.00 price objective on shares of General Dynamics and gave the company a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research downgraded shares of General Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Cowen reaffirmed a “buy” rating and set a $230.00 price target on shares of General Dynamics in a report on Thursday, October 19th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $237.00 price target on shares of General Dynamics in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. General Dynamics presently has a consensus rating of “Hold” and a consensus price target of $231.94.

The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $63,330.00, a price-to-earnings ratio of 22.21, a PEG ratio of 2.28 and a beta of 0.85.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.13. The firm had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 EPS. sell-side analysts expect that General Dynamics Co. will post 11.1 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, January 18th. General Dynamics’s payout ratio is 35.18%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Baird Financial Group Inc. boosted its holdings in shares of General Dynamics by 4.0% in the fourth quarter. Baird Financial Group Inc. now owns 45,001 shares of the aerospace company’s stock worth $9,156,000 after buying an additional 1,734 shares during the last quarter. Citizens Financial Group Inc RI boosted its holdings in shares of General Dynamics by 2.0% in the fourth quarter. Citizens Financial Group Inc RI now owns 42,759 shares of the aerospace company’s stock worth $8,700,000 after buying an additional 852 shares during the last quarter. Stanley Laman Group Ltd. purchased a new position in shares of General Dynamics in the fourth quarter worth approximately $972,000. Norinchukin Bank The boosted its holdings in shares of General Dynamics by 4.1% in the fourth quarter. Norinchukin Bank The now owns 36,279 shares of the aerospace company’s stock worth $7,381,000 after buying an additional 1,413 shares during the last quarter. Finally, FDx Advisors Inc. boosted its holdings in shares of General Dynamics by 2.5% in the fourth quarter. FDx Advisors Inc. now owns 54,494 shares of the aerospace company’s stock worth $11,087,000 after buying an additional 1,333 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

WARNING: “Traders Sell Shares of General Dynamics (GD) on Strength (GD)” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/traders-sell-shares-of-general-dynamics-gd-on-strength-gd/1856075.html.

General Dynamics Company Profile

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.

Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.