2,063 Shares in General Dynamics Co. (NYSE:GD) Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. bought a new stake in shares of General Dynamics Co. (NYSE:GD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,063 shares of the aerospace company’s stock, valued at approximately $536,000.

Other hedge funds have also made changes to their positions in the company. Certified Advisory Corp acquired a new position in shares of General Dynamics during the first quarter valued at approximately $25,000. Briaud Financial Planning Inc purchased a new stake in shares of General Dynamics in the third quarter valued at approximately $27,000. Impact Partnership Wealth LLC grew its position in shares of General Dynamics by 411.5% in the third quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 107 shares in the last quarter. Live Oak Investment Partners purchased a new stake in shares of General Dynamics in the fourth quarter valued at approximately $30,000. Finally, Tyler Stone Wealth Management purchased a new stake in shares of General Dynamics in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the sale, the chief executive officer now directly owns 773,977 shares in the company, valued at $204,569,860.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the sale, the chief executive officer now directly owns 773,977 shares in the company, valued at $204,569,860.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the sale, the executive vice president now owns 149,205 shares in the company, valued at $39,502,023.75. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

General Dynamics Stock Up 0.2 %

NYSE:GD opened at $285.21 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average is $278.07 and its two-hundred day moving average is $258.67. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $296.50. The stock has a market capitalization of $78.25 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The firm had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. During the same quarter last year, the company earned $3.58 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts anticipate that General Dynamics Co. will post 14.57 EPS for the current year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.99%. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. General Dynamics’s dividend payout ratio is 47.25%.

Analyst Ratings Changes

A number of research firms have recently issued reports on GD. StockNews.com lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Wells Fargo & Company upped their price target on General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Barclays upped their price target on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank of Canada increased their price objective on General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Alembic Global Advisors lowered General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective for the company. in a research report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, General Dynamics has an average rating of “Moderate Buy” and an average price target of $283.80.

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.