Park Avenue Securities LLC Raises Position in General Dynamics Co. (NYSE:GD)

Park Avenue Securities LLC lifted its position in General Dynamics Co. (NYSE:GD - Free Report) by 12.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,685 shares of the aerospace company's stock after purchasing an additional 1,313 shares during the quarter. Park Avenue Securities LLC's holdings in General Dynamics were worth $3,185,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GD. Thrive Wealth Management LLC boosted its position in General Dynamics by 2.1% during the first quarter. Thrive Wealth Management LLC now owns 2,002 shares of the aerospace company's stock worth $546,000 after purchasing an additional 41 shares in the last quarter. Austin Wealth Management LLC boosted its holdings in General Dynamics by 5.4% in the fourth quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company's stock valued at $220,000 after acquiring an additional 42 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of General Dynamics by 35.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company's stock worth $43,000 after acquiring an additional 43 shares in the last quarter. Stokes Family Office LLC raised its holdings in shares of General Dynamics by 0.4% during the 4th quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company's stock valued at $2,708,000 after buying an additional 43 shares during the period. Finally, ICW Investment Advisors LLC increased its stake in General Dynamics by 0.5% during the 4th quarter. ICW Investment Advisors LLC now owns 8,491 shares of the aerospace company's stock worth $2,237,000 after buying an additional 43 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Trading Down 0.6%

Shares of NYSE GD traded down $1.54 during trading on Wednesday, reaching $275.83. The company had a trading volume of 969,434 shares, compared to its average volume of 1,381,358. The company's fifty day moving average price is $272.88 and its 200-day moving average price is $266.57. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The stock has a market cap of $74.03 billion, a P/E ratio of 20.22, a PEG ratio of 1.69 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 EPS 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 analyst estimates of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.88 EPS. As a group, research analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders 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 2.18%. The ex-dividend date is Thursday, July 3rd. General Dynamics's payout ratio is currently 41.61%.

Analysts Set New Price Targets

GD has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Citigroup decreased their price objective on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Cowen restated a "buy" rating on shares of General Dynamics in a research note on Thursday, April 24th. BTIG Research cut shares of General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley lowered their price target 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. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, General Dynamics has an average rating of "Hold" and a consensus target price of $293.00.

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.