General Dynamics Co. (NYSE:GD) Shares Purchased by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC raised its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 60.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,076 shares of the aerospace company's stock after acquiring an additional 3,038 shares during the quarter. Red Cedar Investment Management LLC's holdings in General Dynamics were worth $2,097,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of General Dynamics by 188.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 40,830 shares of the aerospace company's stock valued at $10,602,000 after acquiring an additional 26,668 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of General Dynamics by 99.3% in the 4th quarter. Pacer Advisors Inc. now owns 29,045 shares of the aerospace company's stock worth $7,542,000 after buying an additional 14,468 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of General Dynamics during the 3rd quarter worth $16,077,000. Clough Capital Partners L P purchased a new position in shares of General Dynamics during the third quarter valued at $26,868,000. Finally, Victory Capital Management Inc. raised its holdings in shares of General Dynamics by 57.7% in the third quarter. Victory Capital Management Inc. now owns 326,121 shares of the aerospace company's stock valued at $72,063,000 after acquiring an additional 119,264 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Stock Up 0.3 %

Shares of GD stock traded up $0.78 during trading hours on Friday, reaching $288.14. 974,321 shares of the company's stock were exchanged, compared to its average volume of 1,217,434. The stock has a market cap of $79.05 billion, a PE ratio of 23.50, a PEG ratio of 1.80 and a beta of 0.67. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.41. The stock's fifty day moving average price is $282.47 and its two-hundred day moving average price is $263.69. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $296.50.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) 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 company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the company posted $2.64 EPS. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts predict that General Dynamics Co. will post 14.55 EPS for the current year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be given a dividend of $1.42 per share. The ex-dividend date is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.97%. This is a boost from General Dynamics's previous quarterly dividend of $1.32. General Dynamics's payout ratio is currently 46.33%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Royal Bank of Canada dropped 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, April 25th. JPMorgan Chase & Co. increased their price objective on shares of General Dynamics from $280.00 to $298.00 and gave the company an "overweight" rating in a research note on Thursday, April 25th. Argus boosted their price objective on shares of General Dynamics from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Monday, April 29th. StockNews.com cut General Dynamics from a "strong-buy" rating to a "buy" rating in a research report on Friday. Finally, Citigroup boosted their price target on General Dynamics from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $300.53.

Insider Activity

In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the firm's stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the transaction, the chief executive officer now directly owns 768,977 shares of the company's stock, valued at approximately $218,773,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the sale, the chief executive officer now directly owns 768,977 shares of the company's stock, valued at approximately $218,773,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the business's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the transaction, the vice president now directly owns 103,345 shares of the company's stock, valued at approximately $29,816,065.95. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company's stock.

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.