General Dynamics Co. (NYSE:GD) Stock Position Decreased by Bernard Wealth Management Corp.

Bernard Wealth Management Corp. trimmed its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 74.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,134 shares of the aerospace company's stock after selling 3,237 shares during the quarter. Bernard Wealth Management Corp.'s holdings in General Dynamics were worth $309,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Goldstone Financial Group LLC increased its position in General Dynamics by 58.3% during the first quarter. Goldstone Financial Group LLC now owns 1,249 shares of the aerospace company's stock worth $340,000 after acquiring an additional 460 shares during the period. Marshall Financial Group LLC increased its holdings in General Dynamics by 5.0% in the 1st quarter. Marshall Financial Group LLC now owns 2,023 shares of the aerospace company's stock valued at $551,000 after buying an additional 96 shares during the period. Smithbridge Asset Management Inc. DE bought a new position in General Dynamics in the 1st quarter valued at about $1,104,000. NorthCrest Asset Manangement LLC increased its holdings in General Dynamics by 2.9% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 61,640 shares of the aerospace company's stock valued at $16,802,000 after buying an additional 1,735 shares during the period. Finally, Sky Investment Group LLC increased its holdings in General Dynamics by 6.5% in the 1st quarter. Sky Investment Group LLC now owns 14,897 shares of the aerospace company's stock valued at $4,061,000 after buying an additional 907 shares during the period. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GD. Citigroup reduced their price target on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Susquehanna boosted their price target on shares of General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research note on Wednesday, April 2nd. TD Securities raised their price target on shares of General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Cowen restated a "buy" rating on shares of General Dynamics in a report on Thursday, April 24th. Finally, William Blair downgraded shares of General Dynamics from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $293.00.

General Dynamics Stock Up 1.1%

Shares of NYSE GD traded up $3.02 during midday trading on Friday, hitting $282.95. 1,649,124 shares of the company's stock were exchanged, compared to its average volume of 1,387,727. The firm's fifty day simple moving average is $274.62 and its 200-day simple moving average is $266.52. The company has a market cap of $75.94 billion, a PE ratio of 20.74, a P/E/G ratio of 1.69 and a beta of 0.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. General Dynamics Co. has a twelve month low of $239.20 and a twelve month high of $316.90.

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

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be issued a $1.50 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.12%. General Dynamics's dividend payout ratio (DPR) is 41.61%.

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.