Thurston Springer Miller Herd & Titak Inc. Purchases 2,577 Shares of General Dynamics Co. (NYSE:GD)

Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 26.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,296 shares of the aerospace company's stock after purchasing an additional 2,577 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in General Dynamics were worth $3,351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Austin Wealth Management LLC raised its holdings in General Dynamics by 5.4% during the fourth quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company's stock worth $220,000 after buying an additional 42 shares during the last quarter. SRS Capital Advisors Inc. grew its position in General Dynamics by 35.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company's stock valued at $43,000 after buying an additional 43 shares during the period. Stokes Family Office LLC boosted its position in General Dynamics by 0.4% during the fourth quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company's stock worth $2,708,000 after purchasing an additional 43 shares during the period. ICW Investment Advisors LLC boosted its position in General Dynamics by 0.5% during the fourth quarter. ICW Investment Advisors LLC now owns 8,491 shares of the aerospace company's stock worth $2,237,000 after purchasing an additional 43 shares during the period. Finally, Lindbrook Capital LLC boosted its position in shares of General Dynamics by 3.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,178 shares of the aerospace company's stock valued at $310,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Trading Down 0.3%

NYSE:GD traded down $0.78 on Thursday, reaching $274.25. The company's stock had a trading volume of 870,999 shares, compared to its average volume of 1,382,717. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The firm has a market cap of $73.61 billion, a PE ratio of 20.11, a PEG ratio of 1.69 and a beta of 0.49. The business's 50-day moving average price is $272.61 and its two-hundred day moving average price is $266.82. General Dynamics Co. has a 1-year low of $239.20 and a 1-year high of $316.90.

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, beating the consensus estimate of $3.43 by $0.23. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.88 earnings per share. Equities research analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders 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 yield of 2.19%. The ex-dividend date is Thursday, July 3rd. General Dynamics's payout ratio is presently 41.61%.

Insiders Place Their Bets

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the sale, the senior vice president now directly owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. The trade was a 37.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GD shares. TD Securities boosted their price objective on shares of General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. William Blair cut shares of General Dynamics from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Citigroup cut their price objective on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Argus set a $295.00 target price on shares of General Dynamics in a research note on Tuesday, May 6th. Finally, Morgan Stanley reduced their price target on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $293.00.

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.