Arlington Partners LLC Has $4.59 Million Position in General Dynamics Corporation (NYSE:GD)

Arlington Partners LLC grew its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,835 shares of the aerospace company's stock after purchasing an additional 1,579 shares during the period. General Dynamics comprises about 1.8% of Arlington Partners LLC's holdings, making the stock its 15th biggest holding. Arlington Partners LLC's holdings in General Dynamics were worth $4,589,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in shares of General Dynamics by 114.9% during the 1st quarter. Golden State Wealth Management LLC now owns 490 shares of the aerospace company's stock valued at $134,000 after buying an additional 262 shares during the period. Aurora Private Wealth Inc. increased its stake in shares of General Dynamics by 25,390.6% in the first quarter. Aurora Private Wealth Inc. now owns 203,670 shares of the aerospace company's stock worth $55,516,000 after purchasing an additional 202,871 shares during the period. Mattern Capital Management LLC boosted its position in shares of General Dynamics by 1.2% in the first quarter. Mattern Capital Management LLC now owns 35,407 shares of the aerospace company's stock valued at $9,651,000 after acquiring an additional 431 shares during the period. Riverbend Wealth Management LLC increased its holdings in shares of General Dynamics by 2.6% during the 1st quarter. Riverbend Wealth Management LLC now owns 1,874 shares of the aerospace company's stock worth $511,000 after purchasing an additional 47 shares during the period. Finally, S.A. Mason LLC raised its holdings in General Dynamics by 8.1% in the 1st quarter. S.A. Mason LLC now owns 1,993 shares of the aerospace company's stock valued at $543,000 after acquiring an additional 150 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Trading Up 2.0%

Shares of NYSE:GD traded up $5.72 during midday trading on Thursday, hitting $291.63. The company had a trading volume of 1,715,285 shares, compared to its average volume of 1,395,822. The firm has a fifty day simple moving average of $275.93 and a 200 day simple moving average of $266.76. The stock has a market cap of $78.27 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.92 and a beta of 0.46. The company has a current ratio of 1.34, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (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 17.82% and a net margin of 8.08%. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.88 EPS. On average, analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, July 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.06%. General Dynamics's dividend payout ratio is 41.61%.

Insider Activity at General Dynamics

In other news, CEO Phebe N. Novakovic sold 178,821 shares of General Dynamics stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $283.13, for a total transaction of $50,629,589.73. Following the transaction, the chief executive officer now owns 769,607 shares in the company, valued at $217,898,829.91. The trade was a 18.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GD. Cowen reiterated a "buy" rating on shares of General Dynamics in a research report on Wednesday. UBS Group increased their price target on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Wells Fargo & Company cut their price objective on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Argus set a $295.00 target price on General Dynamics in a report on Tuesday, May 6th. Finally, TD Securities upped their price target on shares of General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, General Dynamics presently has an average rating of "Hold" and a consensus price target of $293.28.

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.