Running Oak Capital LLC Has $15.69 Million Stock Position in General Dynamics Corporation (NYSE:GD)

Running Oak Capital LLC increased its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 23.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,556 shares of the aerospace company's stock after acquiring an additional 10,952 shares during the period. General Dynamics comprises approximately 1.9% of Running Oak Capital LLC's portfolio, making the stock its 18th biggest holding. Running Oak Capital LLC's holdings in General Dynamics were worth $15,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GD. Rialto Wealth Management LLC raised its holdings in shares of General Dynamics by 213.8% during the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after acquiring an additional 62 shares in the last quarter. Whipplewood Advisors LLC bought a new position in General Dynamics during the fourth quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC bought a new position in General Dynamics during the fourth quarter valued at about $26,000. Inlight Wealth Management LLC bought a new position in General Dynamics during the first quarter valued at about $26,000. Finally, Copia Wealth Management bought a new position in General Dynamics during the fourth quarter valued at about $27,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

Shares of General Dynamics stock traded down $0.07 during trading on Friday, reaching $278.46. The company's stock had a trading volume of 1,518,679 shares, compared to its average volume of 1,389,593. 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 quick ratio of 0.82 and a current ratio of 1.34. The firm has a market cap of $74.74 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.88 and a beta of 0.46. The business's fifty day moving average price is $275.58 and its 200-day moving average price is $266.45.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results 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 return on equity of 17.82% and a net margin of 8.08%. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. During the same period in the previous year, the company 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, equities research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently declared 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 of this dividend is Thursday, July 3rd. This represents a $6.00 annualized dividend and a yield of 2.15%. General Dynamics's dividend payout ratio is 41.61%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley cut their target price on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. TD Securities raised their target price on General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Cowen restated a "buy" rating on shares of General Dynamics in a report on Thursday, April 24th. Argus set a $295.00 target price on General Dynamics in a report on Tuesday, May 6th. Finally, Wells Fargo & Company cut their target price 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. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of "Hold" and an average target price of $293.00.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 178,821 shares of General Dynamics stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $283.13, for a total transaction of $50,629,589.73. Following the sale, the chief executive officer now directly owns 769,607 shares of the company's stock, valued at approximately $217,898,829.91. The trade was a 18.85% decrease in their ownership of the stock. The transaction 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.