General Dynamics Co. (NYSE:GD) Shares Purchased by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC grew its stake in shares of General Dynamics Co. (NYSE:GD - Free Report) by 51.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,708 shares of the aerospace company's stock after purchasing an additional 2,941 shares during the quarter. Brown Miller Wealth Management LLC's holdings in General Dynamics were worth $2,374,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GD. Pflug Koory LLC increased its stake in shares of General Dynamics by 3.4% during the first quarter. Pflug Koory LLC now owns 1,975 shares of the aerospace company's stock valued at $538,000 after buying an additional 65 shares during the period. Stillwater Capital Advisors LLC bought a new position in General Dynamics during the 1st quarter worth about $255,000. Trust Co. of Toledo NA OH increased its position in General Dynamics by 0.8% during the 1st quarter. Trust Co. of Toledo NA OH now owns 15,077 shares of the aerospace company's stock valued at $4,110,000 after purchasing an additional 126 shares during the period. Optas LLC bought a new stake in shares of General Dynamics in the 1st quarter valued at about $207,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of General Dynamics by 16.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 901 shares of the aerospace company's stock worth $246,000 after purchasing an additional 125 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GD has been the topic of several research reports. Argus set a $295.00 price objective on shares of General Dynamics in a report on Tuesday, May 6th. Wells Fargo & Company cut their price target on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Cowen restated a "buy" rating on shares of General Dynamics in a research note on Thursday, April 24th. Susquehanna lifted their target price on General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research note on Wednesday, April 2nd. Finally, UBS Group raised their target price 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. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $293.00.

General Dynamics Stock Performance

GD traded down $4.04 during midday trading on Monday, hitting $278.96. 926,861 shares of the company were exchanged, compared to its average volume of 1,385,885. The company's 50 day simple moving average is $274.62 and its 200 day simple moving average is $266.41. The firm has a market capitalization of $74.87 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.69 and a beta of 0.46. General Dynamics Co. has a 1-year low of $239.20 and a 1-year high of $316.90. 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 (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.43 by $0.23. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. During the same period last year, the company earned $2.88 earnings per share. General Dynamics's revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, sell-side analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's dividend 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.