5,362 Shares in General Dynamics Co. (NYSE:GD) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought a new position in shares of General Dynamics Co. (NYSE:GD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,362 shares of the aerospace company's stock, valued at approximately $1,413,000.

Several other hedge funds have also recently modified their holdings of GD. Purus Wealth Management LLC lifted its position in shares of General Dynamics by 1.5% in the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company's stock valued at $701,000 after acquiring an additional 39 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in General Dynamics by 4.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company's stock worth $277,000 after purchasing an additional 40 shares during the last quarter. Austin Wealth Management LLC grew its holdings in shares of General Dynamics by 5.4% during the fourth quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company's stock worth $220,000 after buying an additional 42 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of General Dynamics by 35.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company's stock valued at $43,000 after buying an additional 43 shares during the last quarter. Finally, Stokes Family Office LLC lifted its stake in shares of General Dynamics by 0.4% in the fourth quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company's stock worth $2,708,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Trading Up 0.7%

Shares of General Dynamics stock traded up $2.03 on Friday, reaching $280.54. The company had a trading volume of 1,173,759 shares, compared to its average volume of 1,374,435. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The firm has a market cap of $75.29 billion, a PE ratio of 20.57, a PEG ratio of 1.69 and a beta of 0.49. The firm's 50 day moving average price is $269.38 and its two-hundred day moving average price is $269.18. General Dynamics Co. has a 52-week low of $239.20 and a 52-week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The company had revenue of $12.22 billion for the quarter, compared to analysts' expectations of $11.92 billion. During the same period in the prior year, the firm earned $2.88 earnings per share. The firm's revenue was up 13.9% compared to the same quarter last year. Sell-side analysts predict that General Dynamics Co. will post 14.83 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 9th. Shareholders of record on Friday, April 11th were given a $1.50 dividend. This is an increase from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, April 11th. General Dynamics's payout ratio is currently 41.61%.

Insider Buying and Selling at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the sale, the senior vice president now directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. This trade represents a 37.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of General Dynamics from $307.00 to $284.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Citigroup cut their price target on General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Cowen reissued a "buy" rating on shares of General Dynamics in a research note on Thursday, April 24th. Morgan Stanley cut their target price on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, Wells Fargo & Company reduced their price target on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $293.00.

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.