MML Investors Services LLC Grows Holdings in General Dynamics Co. (NYSE:GD)

MML Investors Services LLC lifted its position in General Dynamics Co. (NYSE:GD - Free Report) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,216 shares of the aerospace company's stock after acquiring an additional 9,234 shares during the period. MML Investors Services LLC's holdings in General Dynamics were worth $19,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Purus Wealth Management LLC boosted its stake in General Dynamics by 1.5% during the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company's stock worth $701,000 after buying an additional 39 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in General Dynamics by 4.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company's stock worth $277,000 after buying an additional 40 shares during the last quarter. Austin Wealth Management LLC boosted its stake 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. boosted its stake in General Dynamics by 35.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company's stock worth $43,000 after buying an additional 43 shares during the last quarter. Finally, Stokes Family Office LLC boosted its stake 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 buying an additional 43 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the transaction, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup reduced their target price on General Dynamics from $335.00 to $330.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Baird R W downgraded General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. BTIG Research downgraded General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. William Blair downgraded General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Finally, Cowen restated a "buy" rating on shares of General Dynamics in a research report on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $293.83.

General Dynamics Stock Up 0.2 %

GD traded up $0.59 on Friday, hitting $272.30. 947,647 shares of the company were exchanged, compared to its average volume of 1,363,369. General Dynamics Co. has a twelve month low of $239.20 and a twelve month high of $316.90. The company has a market cap of $73.08 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $264.21 and a two-hundred day moving average price of $271.77.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.43 by $0.23. The firm had revenue of $12.22 billion during the quarter, compared to analysts' expectations of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, equities analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be given a dividend of $1.50 per share. This is a boost from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Friday, April 11th. General Dynamics's dividend payout ratio is currently 41.61%.

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.