Cypress Advisory Group LLC Purchases New Holdings in General Dynamics Co. (NYSE:GD)

Cypress Advisory Group LLC acquired a new position in shares of General Dynamics Co. (NYSE:GD - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,253 shares of the aerospace company's stock, valued at approximately $857,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GD. Sulzberger Capital Advisors Inc. purchased a new position in General Dynamics in the 4th quarter valued at $602,000. Widmann Financial Services Inc. purchased a new stake in shares of General Dynamics in the fourth quarter valued at about $219,000. Rehmann Capital Advisory Group increased its stake in shares of General Dynamics by 13.6% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,819 shares of the aerospace company's stock worth $480,000 after acquiring an additional 218 shares during the period. Boyar Asset Management Inc. raised its holdings in General Dynamics by 2.8% during the fourth quarter. Boyar Asset Management Inc. now owns 1,651 shares of the aerospace company's stock worth $435,000 after purchasing an additional 45 shares in the last quarter. Finally, Voleon Capital Management LP acquired a new stake in General Dynamics in the fourth quarter valued at about $5,219,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Stock Up 0.0 %

Shares of GD opened at $272.10 on Thursday. The firm has a market cap of $73.03 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The company's fifty day moving average is $265.87 and its two-hundred day moving average is $271.59. General Dynamics Co. has a fifty-two week low of $239.20 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.43 by $0.23. The company had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The firm's revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.88 earnings per share. Analysts forecast that General Dynamics Co. will post 14.83 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 9th. Shareholders of record on Friday, April 11th will be paid a dividend of $1.50 per share. 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 2.21%. The ex-dividend date is Friday, April 11th. General Dynamics's payout ratio is currently 41.61%.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the transaction, the director now directly owns 11,175 shares of the company's stock, valued at $2,857,224. This represents a 13.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. This trade represents a 37.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GD shares. Susquehanna boosted their target price on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company lowered their target price on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Citigroup reduced their price target on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Morgan Stanley dropped their price objective 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, The Goldman Sachs Group decreased their target price on General Dynamics from $245.00 to $241.00 and set a "sell" rating on the stock in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, General Dynamics currently has a consensus rating of "Hold" and an average target price of $292.88.

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.

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