Tidal Investments LLC Has $25.56 Million Holdings in General Dynamics Co. (NYSE:GD)

Tidal Investments LLC increased its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 21.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,991 shares of the aerospace company's stock after purchasing an additional 17,423 shares during the quarter. Tidal Investments LLC's holdings in General Dynamics were worth $25,556,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of General Dynamics by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock worth $6,265,813,000 after purchasing an additional 706,317 shares in the last quarter. Capital Research Global Investors increased its position in shares of General Dynamics by 7.4% during the 4th quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company's stock worth $1,774,381,000 after purchasing an additional 463,497 shares in the last quarter. Geode Capital Management LLC increased its position in shares of General Dynamics by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,688,672 shares of the aerospace company's stock worth $1,496,939,000 after purchasing an additional 131,268 shares in the last quarter. Sanders Capital LLC increased its position in shares of General Dynamics by 0.8% during the 4th quarter. Sanders Capital LLC now owns 4,212,422 shares of the aerospace company's stock worth $1,109,931,000 after purchasing an additional 33,962 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of General Dynamics by 5.2% during the 4th quarter. Royal Bank of Canada now owns 2,935,046 shares of the aerospace company's stock worth $773,355,000 after purchasing an additional 145,978 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GD shares. Morgan Stanley dropped their target price on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Argus set a $295.00 price objective on shares of General Dynamics in a research report on Tuesday, May 6th. UBS Group raised their price objective on shares of General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Royal Bank of Canada lowered their price objective on shares of General Dynamics from $290.00 to $280.00 and set a "sector perform" rating for the company in a research report on Thursday, January 30th. Finally, Susquehanna raised their price objective on shares of General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $293.00.

General Dynamics Trading Down 1.4%

Shares of NYSE:GD traded down $3.85 during trading on Wednesday, hitting $277.72. 997,105 shares of the company's stock were exchanged, compared to its average volume of 1,372,819. General Dynamics Co. has a 1-year low of $239.20 and a 1-year high of $316.90. The firm has a 50-day moving average price of $270.53 and a two-hundred day moving average price of $268.66. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a market cap of $74.54 billion, a P/E ratio of 20.36, a PEG ratio of 1.69 and a beta of 0.49.

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 the consensus estimate of $3.43 by $0.23. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The company had revenue of $12.22 billion during the quarter, compared to analysts' expectations of $11.92 billion. During the same quarter in the previous year, the company earned $2.88 EPS. General Dynamics's revenue was up 13.9% on a year-over-year basis. Equities analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a yield of 2.16%. This is a boost from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's payout ratio is currently 41.61%.

Insider Activity at General Dynamics

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the transaction, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. The trade was a 37.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company's stock.

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.