Stillwater Capital Advisors LLC Buys Shares of 937 General Dynamics Co. (NYSE:GD)

Stillwater Capital Advisors LLC bought a new stake in General Dynamics Co. (NYSE:GD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 937 shares of the aerospace company's stock, valued at approximately $255,000.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake 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 valued at $339,253,000 after acquiring an additional 1,241,011 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of General Dynamics during the fourth quarter valued at $279,582,000. Raymond James Financial Inc. bought a new position in shares of General Dynamics during the fourth quarter valued at $197,238,000. Vanguard Group Inc. raised its stake in 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 during the last quarter. Finally, Capital Research Global Investors raised its stake in 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 during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Susquehanna lifted their target price 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. Citigroup lowered their target price on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. William Blair downgraded shares of General Dynamics from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Morgan Stanley lowered their target price on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, 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. One equities 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $293.00.

General Dynamics Stock Up 1.1%

Shares of NYSE GD opened at $282.95 on Monday. The stock has a market capitalization of $75.94 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.69 and a beta of 0.46. The company has a 50-day moving average price of $274.62 and a 200-day moving average price of $266.41. General Dynamics Co. has a 1 year low of $239.20 and a 1 year high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82.

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. The firm had revenue of $12.22 billion during the quarter, compared to analysts' expectations 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 period last year, the company earned $2.88 earnings per share. On average, equities research analysts forecast that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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 issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, July 3rd. 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.

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