Roffman Miller Associates Inc. PA Purchases 34,295 Shares of General Dynamics Co. (NYSE:GD)

Roffman Miller Associates Inc. PA boosted its position in General Dynamics Co. (NYSE:GD - Free Report) by 648.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,587 shares of the aerospace company's stock after acquiring an additional 34,295 shares during the period. Roffman Miller Associates Inc. PA's holdings in General Dynamics were worth $10,280,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Briaud Financial Planning Inc bought a new position in shares of General Dynamics in the third quarter valued at approximately $27,000. Impact Partnership Wealth LLC lifted its holdings in shares of General Dynamics by 411.5% in the third quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 107 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of General Dynamics in the fourth quarter valued at approximately $38,000. Wetzel Investment Advisors Inc. bought a new position in shares of General Dynamics in the fourth quarter valued at approximately $38,000. Finally, Operose Advisors LLC bought a new position in shares of General Dynamics in the third quarter valued at approximately $40,000. Institutional investors own 86.14% of the company's stock.

General Dynamics Price Performance

NYSE:GD traded down $0.49 during mid-day trading on Friday, reaching $284.41. The stock had a trading volume of 1,239,528 shares, compared to its average volume of 1,114,716. The firm has a 50 day moving average price of $280.86 and a two-hundred day moving average price of $261.71. The stock has a market capitalization of $78.03 billion, a P/E ratio of 23.20, a P/E/G ratio of 1.79 and a beta of 0.68. General Dynamics Co. has a one year low of $202.35 and a one year high of $296.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing analysts' consensus estimates of $2.89 by ($0.01). The firm had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.64 EPS. As a group, analysts expect that General Dynamics Co. will post 14.56 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be given a $1.42 dividend. This is an increase from General Dynamics's previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a yield of 2.00%. General Dynamics's payout ratio is presently 46.33%.

Analysts Set New Price Targets

A number of brokerages recently commented on GD. Royal Bank of Canada decreased their price target on General Dynamics from $325.00 to $320.00 and set an "outperform" rating for the company in a research report on Thursday. The Goldman Sachs Group lifted their price objective on General Dynamics from $253.00 to $284.00 and gave the stock a "neutral" rating in a report on Tuesday, April 16th. Barclays lifted their price objective on General Dynamics from $285.00 to $310.00 and gave the stock an "overweight" rating in a report on Monday, April 15th. Alembic Global Advisors lowered General Dynamics from an "overweight" rating to a "neutral" rating and set a $296.00 price objective for the company. in a report on Monday, January 29th. Finally, Citigroup lifted their target price on General Dynamics from $300.00 to $320.00 and gave the company a "buy" rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $285.63.

Insider Buying and Selling

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the transaction, the chief executive officer now directly owns 773,977 shares of the company's stock, valued at approximately $204,569,860.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by corporate 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.