General Dynamics Corporation (NYSE:GD) Shares Purchased by Coastwise Capital Group LLC

Coastwise Capital Group LLC increased its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 156.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,839 shares of the aerospace company's stock after acquiring an additional 3,558 shares during the period. General Dynamics comprises 1.3% of Coastwise Capital Group LLC's holdings, making the stock its 17th largest position. Coastwise Capital Group LLC's holdings in General Dynamics were worth $1,592,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in General Dynamics by 34,578.2% in the first quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company's stock valued at $339,253,000 after purchasing an additional 1,241,011 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in shares of General Dynamics in the fourth quarter worth approximately $279,582,000. Vanguard Group Inc. boosted its stake in shares of General Dynamics by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock worth $6,265,813,000 after acquiring an additional 706,317 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of General Dynamics by 7.4% in 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 acquiring an additional 463,497 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in shares of General Dynamics by 6,387.2% in the fourth quarter. Voloridge Investment Management LLC now owns 401,236 shares of the aerospace company's stock worth $105,722,000 after acquiring an additional 395,051 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 7,639 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $280.44, for a total transaction of $2,142,281.16. Following the sale, the chief executive officer owned 769,607 shares in the company, valued at approximately $215,828,587.08. This represents a 0.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Stock Down 0.3%

GD opened at $299.22 on Friday. The business has a 50 day moving average price of $284.47 and a two-hundred day moving average price of $270.59. 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 company has a market cap of $80.31 billion, a PE ratio of 20.75, a P/E/G ratio of 1.99 and a beta of 0.46. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a return on equity of 17.82% and a net margin of 8.08%. The company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.88 EPS. As a group, research analysts anticipate that General Dynamics Corporation will post 14.83 EPS 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 issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's dividend payout ratio is currently 41.61%.

Analysts Set New Price Targets

GD has been the topic of a number of analyst reports. Argus set a $295.00 price objective on General Dynamics in a research report on Tuesday, May 6th. Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the company a "market perform" rating in a research report on Monday, July 14th. Cowen restated a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the company a "hold" rating in a research report on Wednesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a "hold" rating to a "buy" rating and lifted their target price for the company from $298.00 to $342.00 in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, General Dynamics presently has an average rating of "Hold" and an average target price of $294.53.

General Dynamics 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.

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