Crestline Management LP Takes Position in General Dynamics Co. (NYSE:GD)

Crestline Management LP acquired a new stake in General Dynamics Co. (NYSE:GD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,899 shares of the aerospace company's stock, valued at approximately $764,000.

A number of other institutional investors have also recently bought and sold shares of the business. Financial Life Planners bought a new stake in shares of General Dynamics during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC bought a new stake in shares of General Dynamics during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Dynamics during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Dynamics during the 4th quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of General Dynamics during the 4th quarter worth approximately $28,000. Institutional investors own 86.14% of the company's stock.

General Dynamics Price Performance

Shares of General Dynamics stock traded up $4.89 on Monday, hitting $276.45. 1,157,890 shares of the company traded hands, compared to its average volume of 1,369,443. The stock has a market capitalization of $74.20 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a 52 week low of $239.20 and a 52 week high of $316.90. The business has a 50-day simple moving average of $269.09 and a 200 day simple moving average of $269.32.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.23. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The company had revenue of $12.22 billion for the quarter, compared to analysts' expectations of $11.92 billion. During the same quarter in the previous year, the business posted $2.88 earnings per share. General Dynamics's quarterly revenue was up 13.9% on a year-over-year basis. Research analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were paid a $1.50 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 dividend on an annualized basis and a yield of 2.17%. General Dynamics's dividend payout ratio is 41.61%.

Insider Buying and Selling

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the transaction, the senior vice president now owns 45,192 shares in the company, valued at $12,297,195.12. This represents a 37.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on GD. Robert W. Baird reiterated a "neutral" rating and set a $283.00 price objective (down from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Cowen reiterated a "buy" rating on shares of General Dynamics in a research report on Thursday, April 24th. TD Cowen lowered their price objective on shares of General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. UBS Group upped their price objective on shares of General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group lowered their price objective on shares of General Dynamics from $245.00 to $241.00 and set a "sell" rating for the company in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.