3,593 Shares in General Dynamics Co. (NYSE:GD) Acquired by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC bought a new stake in General Dynamics Co. (NYSE:GD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,593 shares of the aerospace company's stock, valued at approximately $933,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in General Dynamics by 0.6% during the third quarter. Vanguard Group Inc. now owns 22,423,961 shares of the aerospace company's stock worth $4,955,023,000 after acquiring an additional 133,061 shares during the last quarter. Wellington Management Group LLP boosted its position in General Dynamics by 12.0% during the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company's stock worth $3,615,185,000 after acquiring an additional 1,755,276 shares during the last quarter. Sanders Capital LLC boosted its position in General Dynamics by 0.4% during the third quarter. Sanders Capital LLC now owns 4,017,057 shares of the aerospace company's stock worth $887,649,000 after acquiring an additional 17,061 shares during the last quarter. FMR LLC boosted its position in General Dynamics by 13.7% during the third quarter. FMR LLC now owns 2,293,269 shares of the aerospace company's stock worth $506,744,000 after acquiring an additional 275,947 shares during the last quarter. Finally, Northern Trust Corp boosted its position in General Dynamics by 4.5% during the third quarter. Northern Trust Corp now owns 2,258,362 shares of the aerospace company's stock worth $499,030,000 after acquiring an additional 97,789 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Down 0.2 %

Shares of GD traded down $0.49 during midday trading on Friday, hitting $284.41. The company had a trading volume of 1,244,205 shares, compared to its average volume of 1,231,567. The company's 50 day moving average price is $280.86 and its 200 day moving average price is $261.88. The stock has a market cap of $78.03 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 1.81 and a beta of 0.68. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $296.50. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data 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). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The business had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the prior year, the company earned $2.64 EPS. General Dynamics's quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts predict that General Dynamics Co. will post 14.56 EPS for the current year.

General Dynamics Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GD shares. Susquehanna lifted their price target on shares of General Dynamics from $301.00 to $333.00 and gave the company a "positive" rating in a report on Friday, April 12th. Royal Bank of Canada reduced their target price on shares of General Dynamics from $325.00 to $320.00 and set an "outperform" rating on the stock in a report on Thursday. Citigroup lifted their target price on shares of General Dynamics from $300.00 to $320.00 and gave the company a "buy" rating in a report on Thursday. Barclays lifted their target price on shares of General Dynamics from $285.00 to $310.00 and gave the company an "overweight" rating in a report on Monday, April 15th. Finally, Wells Fargo & Company lifted their target price on shares of General Dynamics from $291.00 to $322.00 and gave the company an "overweight" rating in a report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, General Dynamics presently has a consensus rating of "Moderate Buy" and a consensus price target of $285.63.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the business's stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.52% of the company's stock.

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.