NorthRock Partners LLC Has $619,000 Stake in General Dynamics Co. (NYSE:GD)

NorthRock Partners LLC increased its stake in shares of General Dynamics Co. (NYSE:GD - Free Report) by 62.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,350 shares of the aerospace company's stock after acquiring an additional 904 shares during the quarter. NorthRock Partners LLC's holdings in General Dynamics were worth $619,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Numerai GP LLC bought a new stake in shares of General Dynamics in the fourth quarter valued at about $3,029,000. Occudo Quantitative Strategies LP acquired a new stake in General Dynamics during the fourth quarter worth about $1,413,000. OMERS ADMINISTRATION Corp grew its position in General Dynamics by 20.5% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 9,696 shares of the aerospace company's stock worth $2,555,000 after buying an additional 1,648 shares in the last quarter. Obermeyer Wealth Partners grew its position in General Dynamics by 13.3% during the fourth quarter. Obermeyer Wealth Partners now owns 973 shares of the aerospace company's stock worth $256,000 after buying an additional 114 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of General Dynamics by 38.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 243,730 shares of the aerospace company's stock valued at $64,220,000 after purchasing an additional 67,167 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 45,192 shares of the company's stock, valued at $12,297,195.12. This represents a 37.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by insiders.

General Dynamics Price Performance

General Dynamics stock traded up $0.46 on Monday, reaching $281.17. The company's stock had a trading volume of 802,071 shares, compared to its average volume of 1,374,066. 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 company has a market cap of $75.46 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.69 and a beta of 0.49. The business's fifty day moving average price is $269.70 and its 200 day moving average price is $268.65. General Dynamics Co. has a twelve month low of $239.20 and a twelve month high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. The company 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 was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.88 earnings per share. Equities 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. Stockholders of record on Friday, April 11th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Friday, April 11th. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio is 41.61%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GD. TD Securities boosted their price objective on General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. William Blair cut General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Cowen restated a "buy" rating on shares of General Dynamics in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price objective on General Dynamics from $307.00 to $284.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group lowered their price objective on 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 assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, General Dynamics presently has an average rating of "Hold" and an average target price 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.