Mather Group LLC. Has $14.74 Million Stock Position in General Dynamics Corporation (NYSE:GD)

Mather Group LLC. raised its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 4,521.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,074 shares of the aerospace company's stock after buying an additional 52,904 shares during the quarter. Mather Group LLC.'s holdings in General Dynamics were worth $14,740,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Rialto Wealth Management LLC boosted its position in General Dynamics by 213.8% in the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock valued at $25,000 after buying an additional 62 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of General Dynamics in the fourth quarter valued at approximately $26,000. Inlight Wealth Management LLC acquired a new position in shares of General Dynamics in the 1st quarter worth approximately $26,000. Copia Wealth Management bought a new stake in General Dynamics during the 4th quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in General Dynamics during the 1st quarter valued at $27,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GD shares. Susquehanna upped their target price on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research report on Wednesday, April 2nd. Argus set a $295.00 price objective on General Dynamics in a report on Tuesday, May 6th. Cowen reiterated a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. Citigroup dropped their target price on General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, TD Securities raised their price target on General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $290.24.

General Dynamics Trading Down 0.2%

GD traded down $0.48 during trading on Wednesday, reaching $293.90. 1,086,609 shares of the company's stock were exchanged, compared to its average volume of 1,396,032. The company has a current ratio of 1.34, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Corporation has a one year low of $239.20 and a one year high of $316.90. The firm has a fifty day moving average price of $277.32 and a two-hundred day moving average price of $267.48. The stock has a market capitalization of $78.88 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.98 and a beta of 0.46.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $11.92 billion. During the same quarter in the prior year, the firm posted $2.88 EPS. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's dividend payout ratio is 41.61%.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 7,639 shares of General Dynamics stock in a transaction that occurred on Monday, June 16th. The stock was 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 directly owned 769,607 shares in the company, valued at approximately $215,828,587.08. The trade was a 0.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

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.