4,027 Shares in General Dynamics Co. (NYSE:GD) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC bought a new stake in shares of General Dynamics Co. (NYSE:GD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,027 shares of the aerospace company's stock, valued at approximately $1,061,000.

Several other hedge funds have also recently made changes to their positions in GD. Austin Wealth Management LLC grew its stake in General Dynamics by 5.4% during the 4th quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company's stock worth $220,000 after buying an additional 42 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in General Dynamics by 35.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company's stock worth $43,000 after buying an additional 43 shares during the last quarter. Stokes Family Office LLC grew its stake in General Dynamics by 0.4% during the 4th 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 during the last quarter. ICW Investment Advisors LLC grew its stake in General Dynamics by 0.5% during the 4th quarter. ICW Investment Advisors LLC now owns 8,491 shares of the aerospace company's stock valued at $2,237,000 after purchasing an additional 43 shares during the last quarter. Finally, Lindbrook Capital LLC grew its stake in General Dynamics by 3.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,178 shares of the aerospace company's stock valued at $310,000 after purchasing an additional 44 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Price Performance

NYSE GD traded up $1.63 during trading hours on Thursday, reaching $275.27. The company's stock had a trading volume of 992,224 shares, compared to its average volume of 1,374,260. The firm has a market capitalization of $73.88 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.69 and a beta of 0.49. General Dynamics Co. has a 1-year low of $239.20 and a 1-year high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The company's 50-day moving average is $271.84 and its two-hundred day moving average is $267.79.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating 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 business had revenue of $12.22 billion during the quarter, compared to analysts' expectations of $11.92 billion. During the same quarter in the prior year, the firm earned $2.88 earnings per share. The business's revenue was up 13.9% compared to the same quarter last year. On average, equities analysts predict that General Dynamics Co. will post 14.83 EPS for the current 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 issued a dividend of $1.50 per share. The ex-dividend date was Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio is presently 41.61%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BTIG Research downgraded General Dynamics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 13th. Barclays dropped their price target on General Dynamics from $305.00 to $285.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Citigroup dropped their price target on General Dynamics from $335.00 to $330.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. dropped their price target on General Dynamics from $307.00 to $284.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Finally, Susquehanna boosted their price objective on General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of "Hold" and an average target price of $293.00.

Insider Buying and Selling at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company's stock.

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.