Nisa Investment Advisors LLC Grows Holdings in General Dynamics Corporation (NYSE:GD)

Nisa Investment Advisors LLC lifted its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,642 shares of the aerospace company's stock after buying an additional 2,037 shares during the period. Nisa Investment Advisors LLC's holdings in General Dynamics were worth $24,162,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Rialto Wealth Management LLC raised its stake in shares of 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 during the period. Inlight Wealth Management LLC purchased a new position in General Dynamics during the first quarter worth about $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of General Dynamics in the 1st quarter worth about $27,000. Copia Wealth Management purchased a new position in shares of General Dynamics in the 4th quarter worth about $27,000. Finally, Hoey Investments Inc. purchased a new stake in General Dynamics during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Trading Down 0.4%

Shares of GD stock traded down $1.17 during trading hours on Friday, hitting $302.21. 512,915 shares of the company's stock traded hands, compared to its average volume of 1,500,287. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $316.90. 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 stock's 50 day simple moving average is $280.90 and its 200 day simple moving average is $269.04. The stock has a market cap of $81.11 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.02 and a beta of 0.46.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) 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 firm had revenue of $12.22 billion during the quarter, compared to analysts' expectations of $11.92 billion. During the same period last year, the company earned $2.88 earnings per share. The business's revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, July 3rd. General Dynamics's dividend payout ratio is 41.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GD shares. Susquehanna increased their price objective on General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a report on Wednesday, April 2nd. TD Securities raised their price objective on General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. UBS Group lifted their target price on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating 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, Jefferies Financial Group set a $325.00 price target on General Dynamics and gave the stock a "hold" rating in a research note on Wednesday. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $294.47.

Insider Buying and Selling

In other news, CEO Phebe N. Novakovic sold 7,639 shares of General Dynamics stock in a transaction dated 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 transaction, the chief executive officer owned 769,607 shares in the company, valued at $215,828,587.08. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.50% of the company's stock.

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.