State of Wyoming Invests $373,000 in General Dynamics Co. (NYSE:GD)

State of Wyoming acquired a new position in General Dynamics Co. (NYSE:GD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,416 shares of the aerospace company's stock, valued at approximately $373,000.

Several other hedge funds have also added to or reduced their stakes in GD. Financial Life Planners bought a new stake in General Dynamics in the fourth quarter worth about $25,000. Whipplewood Advisors LLC bought a new stake in General Dynamics in the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in General Dynamics in the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new stake in General Dynamics in the fourth quarter worth about $28,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of General Dynamics in the fourth quarter worth about $28,000. Institutional investors own 86.14% of the company's stock.

Insider Transactions at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the transaction, the senior vice president now directly owns 45,192 shares of the company's stock, valued at $12,297,195.12. The trade was a 37.88% 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. Insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GD shares. Barclays reduced their target price on shares of General Dynamics from $305.00 to $285.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. TD Securities lifted 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. William Blair downgraded shares of General Dynamics from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. The Goldman Sachs Group reduced their target price on shares of General Dynamics from $245.00 to $241.00 and set a "sell" rating for the company in a research note on Tuesday, January 28th. Finally, BTIG Research lowered shares of General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $293.00.

General Dynamics Trading Down 0.8%

Shares of NYSE GD traded down $2.10 during midday trading on Friday, hitting $274.93. 835,858 shares of the company traded hands, compared to its average volume of 1,373,889. The stock has a 50-day moving average price of $271.22 and a 200 day moving average price of $268.45. The firm has a market cap of $73.79 billion, a P/E ratio of 20.16, a P/E/G ratio of 1.69 and a beta of 0.49. General Dynamics Co. has a 12-month low of $239.20 and a 12-month high of $316.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37.

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 the consensus estimate of $3.43 by $0.23. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The business's revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.88 earnings per share. As a group, analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 11th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, April 11th. This is an increase from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio is currently 41.61%.

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.