Stratos Investment Management LLC Has $5.95 Million Holdings in General Dynamics Corporation (NYSE:GD)

Stratos Investment Management LLC raised its holdings in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 23.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,831 shares of the aerospace company's stock after purchasing an additional 4,099 shares during the period. Stratos Investment Management LLC's holdings in General Dynamics were worth $5,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GD. GAMMA Investing LLC lifted its position in General Dynamics by 34,578.2% during the 1st quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company's stock valued at $339,253,000 after purchasing an additional 1,241,011 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in shares of General Dynamics in the 4th quarter valued at approximately $279,582,000. Vanguard Group Inc. raised its position in shares of General Dynamics by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock valued at $6,265,813,000 after acquiring an additional 706,317 shares during the period. Capital Research Global Investors raised its position in shares of General Dynamics by 7.4% in the 4th quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company's stock valued at $1,774,381,000 after acquiring an additional 463,497 shares during the period. Finally, Voloridge Investment Management LLC raised its position in shares of General Dynamics by 6,387.2% in the 4th quarter. Voloridge Investment Management LLC now owns 401,236 shares of the aerospace company's stock valued at $105,722,000 after acquiring an additional 395,051 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TD Securities increased their target price on General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Citigroup decreased 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. Cowen restated a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. TD Cowen boosted their target price on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, Argus set a $295.00 target price on shares of General Dynamics in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of "Hold" and an average price target of $290.24.

Insider Buying and Selling at General Dynamics

In related news, CEO Phebe N. Novakovic sold 7,639 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $280.44, for a total transaction of $2,142,281.16. Following the completion of the transaction, the chief executive officer directly owned 769,607 shares in the company, valued at $215,828,587.08. This represents a 0.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company's stock.

General Dynamics Stock Performance

NYSE GD opened at $294.91 on Tuesday. 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 company has a market capitalization of $79.15 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.98 and a beta of 0.46. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $316.90. The firm has a 50-day moving average price of $279.22 and a two-hundred day moving average price of $268.37.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, topping 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 company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. During the same quarter in the prior year, the firm posted $2.88 EPS. The firm's quarterly revenue was up 13.9% on a year-over-year basis. Analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The company 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 dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's dividend payout ratio (DPR) is presently 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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