3,222 Shares in General Dynamics Co. (NYSE:GD) Purchased by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. purchased a new position in shares of General Dynamics Co. (NYSE:GD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,222 shares of the aerospace company’s stock, valued at approximately $837,000.

Several other hedge funds have also made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in General Dynamics by 12.0% in the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after purchasing an additional 1,755,276 shares during the period. International Assets Investment Management LLC boosted its stake in shares of General Dynamics by 10,763.2% in the 4th quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock valued at $239,829,000 after buying an additional 915,091 shares during the period. California Public Employees Retirement System increased its stake in shares of General Dynamics by 55.2% during the third quarter. California Public Employees Retirement System now owns 806,917 shares of the aerospace company’s stock worth $178,304,000 after buying an additional 286,928 shares during the period. FMR LLC raised its holdings in General Dynamics by 13.7% in the third quarter. FMR LLC now owns 2,293,269 shares of the aerospace company’s stock valued at $506,744,000 after acquiring an additional 275,947 shares in the last quarter. Finally, Boston Partners grew its holdings in General Dynamics by 12.7% during the 3rd quarter. Boston Partners now owns 1,763,878 shares of the aerospace company’s stock worth $392,110,000 after acquiring an additional 198,185 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

General Dynamics stock traded down $0.63 during midday trading on Wednesday, reaching $292.74. The company’s stock had a trading volume of 1,004,929 shares, compared to its average volume of 1,107,900. 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 fifty-two week low of $202.35 and a fifty-two week high of $296.50. The firm has a market capitalization of $80.32 billion, a PE ratio of 23.93, a P/E/G ratio of 1.80 and a beta of 0.67. The stock’s 50 day simple moving average is $283.23 and its 200 day simple moving average is $264.48.

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

General Dynamics Increases Dividend

The firm also recently disclosed 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. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.94%. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

Insider Activity at General Dynamics

In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of the firm’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 directly owns 103,345 shares of the company’s stock, valued at approximately $29,816,065.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 completion of the sale, the chief executive officer now owns 768,977 shares in the company, valued at approximately $218,773,956.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gregory S. Gallopoulos sold 13,567 shares of General Dynamics stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the transaction, the vice president now directly owns 103,345 shares in the company, valued at $29,816,065.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,987 shares of company stock worth $18,836,700. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GD. Susquehanna lifted their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. Royal Bank of Canada cut their price objective on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Argus lifted their price target 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. Barclays upped their price objective on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Citigroup lifted their target price on General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $300.53.

General Dynamics 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.