TBH Global Asset Management LLC Has $977,000 Stake in General Dynamics Corporation (NYSE:GD)

TBH Global Asset Management LLC grew its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 36.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,583 shares of the aerospace company's stock after buying an additional 956 shares during the quarter. TBH Global Asset Management LLC's holdings in General Dynamics were worth $977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GD. Hickory Point Bank & Trust bought a new position in shares of General Dynamics during the 4th quarter valued at about $692,000. Jones Financial Companies Lllp lifted its position in shares of General Dynamics by 45.4% in the fourth quarter. Jones Financial Companies Lllp now owns 80,565 shares of the aerospace company's stock worth $21,228,000 after purchasing an additional 25,144 shares in the last quarter. Renasant Bank boosted its stake in shares of General Dynamics by 46.8% during the 4th quarter. Renasant Bank now owns 3,258 shares of the aerospace company's stock valued at $858,000 after buying an additional 1,038 shares during the period. Advisory Resource Group grew its stake in General Dynamics by 7.1% in the first quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock valued at $5,234,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in General Dynamics by 990.0% in the 4th quarter. Quantbot Technologies LP now owns 66,557 shares of the aerospace company's stock worth $17,537,000 after purchasing an additional 60,451 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on GD shares. Wells Fargo & Company lowered their price target on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. 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 research report on Wednesday, June 25th. Argus set a $295.00 price target on shares of General Dynamics in a research note on Tuesday, May 6th. TD Securities lifted their price objective on shares of General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, UBS Group increased their target price on shares of General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $290.24.

General Dynamics Price Performance

Shares of GD stock traded up $1.82 during trading hours on Tuesday, hitting $293.48. The company had a trading volume of 521,529 shares, compared to its average volume of 1,519,846. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.34. The firm has a market capitalization of $78.77 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.96 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's fifty day moving average is $276.93 and its 200 day moving average is $267.29.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings data 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. General Dynamics had a return on equity of 17.82% and a net margin of 8.08%. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. During the same period in the prior year, the company posted $2.88 earnings per share. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company 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 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, July 3rd. General Dynamics's payout ratio is 41.61%.

Insider Activity

In other General Dynamics news, CEO Phebe N. Novakovic sold 178,821 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $283.13, for a total value of $50,629,589.73. Following the transaction, the chief executive officer owned 769,607 shares of the company's stock, valued at approximately $217,898,829.91. The trade was a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.50% of the company's stock.

About General Dynamics

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.