Stephens Inc. AR Has $4.85 Million Holdings in General Dynamics Corporation (NYSE:GD)

Stephens Inc. AR raised its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,786 shares of the aerospace company's stock after purchasing an additional 1,192 shares during the period. Stephens Inc. AR's holdings in General Dynamics were worth $4,848,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of General Dynamics by 34,578.2% during the first quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company's stock worth $339,253,000 after buying an additional 1,241,011 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of General Dynamics during the fourth quarter worth $279,582,000. Vanguard Group Inc. increased its holdings in shares of General Dynamics by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock worth $6,265,813,000 after buying an additional 706,317 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of General Dynamics by 7.4% during the fourth quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company's stock worth $1,774,381,000 after buying an additional 463,497 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in shares of General Dynamics by 6,387.2% during the fourth quarter. Voloridge Investment Management LLC now owns 401,236 shares of the aerospace company's stock worth $105,722,000 after buying an additional 395,051 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Trading Down 0.3%

GD traded down $0.88 during trading on Wednesday, reaching $299.97. 1,142,938 shares of the stock traded hands, compared to its average volume of 1,400,475. 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 has a market capitalization of $80.51 billion, a PE ratio of 20.80, a P/E/G ratio of 2.00 and a beta of 0.46. The stock's 50-day moving average is $283.36 and its 200 day moving average is $270.04. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.23. The business had revenue of $12.22 billion for the quarter, compared to analysts' expectations of $11.92 billion. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. The business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.88 earnings per share. Equities analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.00%. General Dynamics's dividend payout ratio (DPR) is presently 41.61%.

Insider Activity

In related news, CEO Phebe N. Novakovic sold 178,821 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $283.13, for a total value of $50,629,589.73. Following the sale, the chief executive officer owned 769,607 shares in the company, valued at $217,898,829.91. This represents a 18.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GD shares. Citigroup reiterated a "buy" rating and set a $348.00 price target (up from $330.00) on shares of General Dynamics in a report on Monday. Susquehanna boosted their price objective on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft raised shares of General Dynamics from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $298.00 to $342.00 in a research note on Tuesday, July 8th. Morgan Stanley reduced their price objective on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, Argus set a $295.00 price objective on shares of General Dynamics in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $294.53.

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.