Voloridge Investment Management LLC Buys 395,051 Shares of General Dynamics Co. (NYSE:GD)

Voloridge Investment Management LLC raised its stake in shares of General Dynamics Co. (NYSE:GD - Free Report) by 6,387.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 401,236 shares of the aerospace company's stock after purchasing an additional 395,051 shares during the quarter. Voloridge Investment Management LLC owned 0.15% of General Dynamics worth $105,722,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Waverly Advisors LLC increased its holdings in shares of General Dynamics by 296.4% during the 4th quarter. Waverly Advisors LLC now owns 16,987 shares of the aerospace company's stock worth $4,476,000 after purchasing an additional 12,702 shares during the period. Woodline Partners LP acquired a new stake in shares of General Dynamics during the 4th quarter valued at about $243,000. Vident Advisory LLC boosted its position in shares of General Dynamics by 28.9% during the 4th quarter. Vident Advisory LLC now owns 92,364 shares of the aerospace company's stock valued at $24,337,000 after acquiring an additional 20,712 shares in the last quarter. St. Clair Advisors LLC acquired a new stake in shares of General Dynamics during the 4th quarter valued at about $461,000. Finally, Two Sigma Investments LP boosted its position in shares of General Dynamics by 11.1% during the 4th quarter. Two Sigma Investments LP now owns 693,698 shares of the aerospace company's stock valued at $182,782,000 after acquiring an additional 69,067 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Insider Activity at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the sale, the senior vice president now owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. This represents a 37.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by company insiders.

General Dynamics Trading Up 0.2%

Shares of NYSE GD opened at $281.17 on Tuesday. The company's 50 day simple moving average is $270.12 and its 200 day simple moving average is $268.57. General Dynamics Co. has a fifty-two week low of $239.20 and a fifty-two week high of $316.90. The firm has a market capitalization of $75.46 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.69 and a beta of 0.49. 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 announced its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.23. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. During the same period in the prior year, the business posted $2.88 earnings per share. General Dynamics's revenue was up 13.9% compared to the same quarter last year. On average, analysts predict that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were issued a $1.50 dividend. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Friday, April 11th. General Dynamics's dividend payout ratio is currently 41.61%.

Analyst Ratings Changes

Several brokerages have recently weighed in on GD. Susquehanna lifted their target price on shares of General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research report on Wednesday, April 2nd. William Blair lowered shares of General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Cowen reiterated a "buy" rating on shares of General Dynamics in a research report on Thursday, April 24th. TD Cowen decreased their target price on shares of General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group reduced their price target on shares of General Dynamics from $245.00 to $241.00 and set a "sell" rating on the stock in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $293.00.

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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