GAMMA Investing LLC Increases Stock Holdings in General Dynamics Corporation (NYSE:GD)

GAMMA Investing LLC lifted its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 27.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,566 shares of the aerospace company's stock after buying an additional 977 shares during the period. GAMMA Investing LLC's holdings in General Dynamics were worth $1,245,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Thrive Wealth Management LLC grew its position in General Dynamics by 2.1% in the 1st quarter. Thrive Wealth Management LLC now owns 2,002 shares of the aerospace company's stock worth $546,000 after purchasing an additional 41 shares in the last quarter. Austin Wealth Management LLC boosted its stake in General Dynamics by 5.4% in the fourth quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company's stock valued at $220,000 after acquiring an additional 42 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in General Dynamics by 35.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company's stock valued at $43,000 after acquiring an additional 43 shares during the last quarter. Stokes Family Office LLC boosted its stake in General Dynamics by 0.4% in the fourth quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company's stock valued at $2,708,000 after acquiring an additional 43 shares during the last quarter. Finally, ICW Investment Advisors LLC boosted its stake in General Dynamics by 0.5% in the fourth quarter. ICW Investment Advisors LLC now owns 8,491 shares of the aerospace company's stock valued at $2,237,000 after acquiring an additional 43 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 178,821 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $283.13, for a total value of $50,629,589.73. Following the sale, the chief executive officer now owns 769,607 shares of the company's stock, valued at $217,898,829.91. This trade represents a 18.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by insiders.

General Dynamics Price Performance

Shares of NYSE:GD opened at $290.83 on Monday. The company's fifty day moving average price is $276.55 and its 200-day moving average price is $267.09. The firm has a market capitalization of $78.06 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.96 and a beta of 0.46. General Dynamics Corporation has a one year low of $239.20 and a one year high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 0.82.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. During the same quarter in the prior year, the firm earned $2.88 EPS. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GD shares. TD Securities boosted their target price on shares of General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. UBS Group upped their price target on shares of General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Cowen restated a "buy" rating on shares of General Dynamics in a research note on Wednesday. TD Cowen upped their price target on shares of General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Finally, Morgan Stanley dropped their price target on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $290.24.

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.

Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Corporation (NYSE:GD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.