WoodTrust Financial Corp Purchases 1,586 Shares of General Dynamics Corporation (NYSE:GD)

WoodTrust Financial Corp increased its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 7.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 22,999 shares of the aerospace company's stock after buying an additional 1,586 shares during the period. WoodTrust Financial Corp's holdings in General Dynamics were worth $6,269,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in GD. Rialto Wealth Management LLC lifted its holdings in shares of General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after acquiring an additional 62 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of General Dynamics in the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in General Dynamics in the fourth quarter valued at approximately $26,000. Inlight Wealth Management LLC acquired a new stake in shares of General Dynamics during the first quarter worth $26,000. Finally, Copia Wealth Management acquired a new position in shares of General Dynamics in the 4th quarter valued at about $27,000. Institutional investors own 86.14% of the company's stock.

General Dynamics Trading Down 0.4%

NYSE:GD traded down $1.02 during mid-day trading on Tuesday, reaching $281.30. 1,124,882 shares of the company's stock traded hands, compared to its average volume of 1,516,279. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 0.82. The company has a 50 day moving average price of $275.66 and a 200-day moving average price of $266.52. The firm has a market capitalization of $75.50 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.88 and a beta of 0.46.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results 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 8.08% and a return on equity of 17.82%. The business had revenue of $12.22 billion for the quarter, compared to analysts' expectations of $11.92 billion. During the same quarter in the previous year, the business posted $2.88 earnings per share. The firm'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 earnings per share for the current year.

General Dynamics Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.13%. General Dynamics's dividend payout ratio (DPR) is 41.61%.

Insider Activity

In other General Dynamics news, CEO Phebe N. Novakovic sold 178,821 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $283.13, for a total transaction of $50,629,589.73. Following the completion of the transaction, the chief executive officer now owns 769,607 shares of the company's stock, valued at approximately $217,898,829.91. This trade represents a 18.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on GD shares. TD Securities boosted their target price on General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Morgan Stanley decreased their price objective 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. Wells Fargo & Company reduced their price target on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. UBS Group boosted their target price on General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Finally, Argus set a $295.00 price objective on shares of General Dynamics in a report on Tuesday, May 6th. One investment 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.