General Dynamics Co. (NYSE:GD) Stock Position Lifted by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 8.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,096 shares of the aerospace company's stock after buying an additional 1,175 shares during the quarter. Farther Finance Advisors LLC's holdings in General Dynamics were worth $4,139,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. Rialto Wealth Management LLC grew its holdings in shares of General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after purchasing an additional 62 shares during the period. Whipplewood Advisors LLC purchased a new position in General Dynamics in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in General Dynamics in the 4th quarter worth approximately $26,000. Copia Wealth Management purchased a new position in General Dynamics in the 4th quarter worth approximately $27,000. Finally, Hoey Investments Inc. purchased a new position in General Dynamics in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley decreased their price target on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research report on Thursday, April 24th. Citigroup cut their target price on General Dynamics from $335.00 to $330.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group upped their target price on General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Finally, BTIG Research lowered General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $293.00.

General Dynamics Stock Performance

GD traded up $3.02 during trading on Friday, reaching $282.95. 1,649,124 shares of the company were exchanged, compared to its average volume of 1,384,735. The stock has a market cap of $75.94 billion, a P/E ratio of 20.74, a PEG ratio of 1.69 and a beta of 0.46. The firm has a 50 day moving average of $274.04 and a 200 day moving average of $266.63. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 52 week low of $239.20 and a 52 week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. The firm had revenue of $12.22 billion during 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 firm's revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.88 EPS. On average, sell-side analysts forecast that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be paid 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 yield of 2.12%. General Dynamics's payout ratio is currently 41.61%.

About General Dynamics

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.