Quantinno Capital Management LP Has $12.21 Million Holdings in General Dynamics Co. (NYSE:GD)

Quantinno Capital Management LP lifted its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 28.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,324 shares of the aerospace company's stock after purchasing an additional 10,370 shares during the quarter. Quantinno Capital Management LP's holdings in General Dynamics were worth $12,206,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GD. Financial Life Planners bought a new stake in shares of General Dynamics during the 4th quarter worth $25,000. Whipplewood Advisors LLC bought a new stake in shares of General Dynamics during the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Dynamics during the 4th quarter worth $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Dynamics during the 4th quarter worth $28,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of General Dynamics during the 4th quarter worth $28,000. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Price Performance

Shares of NYSE:GD traded up $2.03 during midday trading on Friday, reaching $280.54. 1,173,759 shares of the company's stock were exchanged, compared to its average volume of 1,376,364. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The firm has a market capitalization of $75.29 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49. The company's 50 day simple moving average is $269.70 and its two-hundred day simple moving average is $268.81. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results 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. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. During the same period last year, the firm posted $2.88 EPS. The firm's quarterly revenue was up 13.9% on a year-over-year basis. Equities research analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were issued a dividend of $1.50 per share. This is an increase from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, April 11th. General Dynamics's dividend payout ratio (DPR) is currently 41.61%.

Analysts Set New Price Targets

Several analysts recently issued reports on GD shares. William Blair downgraded shares of General Dynamics from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. 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 report on Tuesday, April 8th. Cowen reissued a "buy" rating on shares of General Dynamics in a report on Thursday, April 24th. TD Securities increased their price target on shares of General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada reduced their price target on shares of General Dynamics from $290.00 to $280.00 and set a "sector perform" rating for the company in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $293.00.

Insider Activity at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $12,297,195.12. This trade represents a 37.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

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.