MassMutual Private Wealth & Trust FSB Boosts Holdings in General Dynamics Co. (NYSE:GD)

MassMutual Private Wealth & Trust FSB lifted its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 145.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,799 shares of the aerospace company's stock after acquiring an additional 17,683 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in General Dynamics were worth $8,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Financial Life Planners purchased a new position in General Dynamics during the fourth quarter valued at $25,000. Whipplewood Advisors LLC purchased a new position in General Dynamics during the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in General Dynamics during the fourth quarter worth about $26,000. Copia Wealth Management acquired a new stake in shares of General Dynamics during the fourth quarter valued at about $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of General Dynamics in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Stock Down 1.6%

Shares of General Dynamics stock traded down $4.45 during trading hours on Monday, hitting $274.04. The company had a trading volume of 346,766 shares, compared to its average volume of 1,376,621. The company's 50-day moving average is $272.24 and its two-hundred day moving average is $266.79. General Dynamics Co. has a twelve month low of $239.20 and a twelve month high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The company has a market cap of $73.55 billion, a P/E ratio of 20.10, a price-to-earnings-growth 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 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. The firm had revenue of $12.22 billion during the quarter, compared to analysts' expectations of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. General Dynamics's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.88 EPS. Analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were paid 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 2.19%. This is a boost from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio is currently 41.61%.

Insider Transactions at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value 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. This represents a 37.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company's stock.

Analyst Ratings Changes

GD has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Citigroup cut their target price on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Argus set a $295.00 target price on shares of General Dynamics in a research note on Tuesday, May 6th. BTIG Research downgraded shares of General Dynamics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 13th. Finally, TD Securities upped their target price on shares of General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, General Dynamics presently has a consensus rating of "Hold" and a consensus target price of $293.00.

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.