ProShare Advisors LLC Has $174.51 Million Stake in General Dynamics Co. (NYSE:GD)

ProShare Advisors LLC grew its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 662,295 shares of the aerospace company's stock after buying an additional 8,778 shares during the quarter. ProShare Advisors LLC owned 0.24% of General Dynamics worth $174,508,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Barclays PLC grew its holdings in General Dynamics by 43.1% during the 3rd quarter. Barclays PLC now owns 942,485 shares of the aerospace company's stock valued at $284,818,000 after purchasing an additional 283,972 shares in the last quarter. Fiduciary Alliance LLC acquired a new stake in General Dynamics during the 4th quarter valued at approximately $430,000. Wedmont Private Capital increased its holdings in General Dynamics by 6.3% during the 4th quarter. Wedmont Private Capital now owns 2,398 shares of the aerospace company's stock worth $622,000 after purchasing an additional 142 shares during the last quarter. Cooper Financial Group raised its position in shares of General Dynamics by 10.7% in the 4th quarter. Cooper Financial Group now owns 1,259 shares of the aerospace company's stock valued at $332,000 after purchasing an additional 122 shares in the last quarter. Finally, Accurate Wealth Management LLC boosted its stake in shares of General Dynamics by 8.3% during the 4th quarter. Accurate Wealth Management LLC now owns 3,393 shares of the aerospace company's stock valued at $881,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GD shares. TD Cowen dropped their price target on shares of General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. TD Securities upped their target price on shares of General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Argus set a $295.00 price target on General Dynamics in a research note on Tuesday, May 6th. Barclays cut their price objective on General Dynamics from $305.00 to $285.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Finally, BTIG Research lowered General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, General Dynamics has a consensus rating of "Hold" and an average target price of $293.00.

Insider Transactions at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm's stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. This trade represents a 37.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.50% of the company's stock.

General Dynamics Price Performance

GD traded up $0.38 on Tuesday, reaching $281.75. The company had a trading volume of 198,679 shares, compared to its average volume of 1,629,350. The company has a market capitalization of $75.62 billion, a P/E ratio of 20.65, a PEG ratio of 1.69 and a beta of 0.49. 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 company has a fifty day moving average of $270.12 and a 200-day moving average of $268.57. General Dynamics Co. has a one year low of $239.20 and a one year 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.23. The business had revenue of $12.22 billion during the quarter, compared to analysts' expectations of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The business's revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm posted $2.88 earnings per share. As a group, equities research analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $6.00 annualized dividend and a yield of 2.13%. This is a boost from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio (DPR) is currently 41.61%.

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.