General Dynamics Corporation (NYSE:GD) Shares Acquired by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA raised its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 14.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,606 shares of the aerospace company's stock after purchasing an additional 9,696 shares during the period. General Dynamics accounts for 1.4% of Roffman Miller Associates Inc. PA's holdings, making the stock its 29th biggest position. Roffman Miller Associates Inc. PA's holdings in General Dynamics were worth $21,426,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in General Dynamics by 3.1% during the fourth 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 during the last quarter. Capital Research Global Investors increased its position in General Dynamics by 7.4% during the fourth 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 during the last quarter. Geode Capital Management LLC increased its position in General Dynamics by 2.4% during the fourth 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 during the last quarter. Sanders Capital LLC increased its position in General Dynamics by 0.8% during the fourth 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 during the last quarter. Finally, Royal Bank of Canada increased its position in General Dynamics by 5.2% during the fourth 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 during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Phebe N. Novakovic sold 7,639 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $280.44, for a total value of $2,142,281.16. Following the completion of the sale, the chief executive officer owned 769,607 shares of the company's stock, valued at $215,828,587.08. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Analysts Set New Price Targets

GD has been the subject of a number of recent analyst reports. Citigroup dropped their price target on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Susquehanna lifted their price target on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of General Dynamics from a "hold" rating to a "buy" rating and lifted their price target for the stock from $298.00 to $342.00 in a research note on Tuesday. UBS Group boosted their price objective on shares of General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Finally, Wells Fargo & Company reduced their price objective on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $293.00.

General Dynamics Trading Up 1.2%

Shares of GD traded up $3.67 on Tuesday, hitting $298.32. 421,014 shares of the stock traded hands, compared to its average volume of 1,392,054. The company has a quick ratio of 0.82, a current ratio of 1.34 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $80.07 billion, a P/E ratio of 20.68, a P/E/G ratio of 1.98 and a beta of 0.46. The stock's 50 day moving average is $279.22 and its two-hundred day moving average is $268.37. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.23. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. During the same quarter in the prior year, the firm posted $2.88 earnings per share. The company's quarterly revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.01%. The ex-dividend date is Thursday, July 3rd. General Dynamics's dividend payout ratio (DPR) is 41.61%.

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.