Stifel Financial Corp Has $69.62 Million Position in General Dynamics Co. (NYSE:GD)

Stifel Financial Corp decreased its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,192 shares of the aerospace company's stock after selling 21,488 shares during the quarter. Stifel Financial Corp owned approximately 0.10% of General Dynamics worth $69,622,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Purus Wealth Management LLC grew its stake in shares of General Dynamics by 1.5% during the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company's stock worth $701,000 after purchasing an additional 39 shares during the period. Armstrong Advisory Group Inc. grew its position in shares of General Dynamics by 4.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company's stock worth $277,000 after buying an additional 40 shares during the period. Austin Wealth Management LLC grew its holdings in General Dynamics by 5.4% during the fourth quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company's stock valued at $220,000 after purchasing an additional 42 shares during the period. SRS Capital Advisors Inc. increased its stake in General Dynamics by 35.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company's stock valued at $43,000 after purchasing an additional 43 shares in the last quarter. Finally, Stokes Family Office LLC boosted its position in shares of General Dynamics by 0.4% during the fourth quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company's stock worth $2,708,000 after purchasing an additional 43 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the sale, the senior vice president now owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. This trade represents a 37.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now owns 11,175 shares of the company's stock, valued at approximately $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GD. TD Securities boosted their target price on General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research note on Thursday. Barclays dropped their target price on shares of General Dynamics from $305.00 to $285.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. TD Cowen reduced their target price on shares of General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. William Blair cut General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Finally, Susquehanna boosted their target price on General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, General Dynamics has a consensus rating of "Hold" and an average target price of $293.83.

General Dynamics Stock Performance

Shares of GD stock traded down $0.49 on Monday, hitting $271.48. The company's stock had a trading volume of 245,422 shares, compared to its average volume of 1,358,978. General Dynamics Co. has a fifty-two week low of $239.20 and a fifty-two week high of $316.90. 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 stock's 50 day moving average is $264.21 and its 200-day moving average is $271.77. The company has a market capitalization of $72.86 billion, a PE ratio of 19.86, a PEG ratio of 1.69 and a beta of 0.43.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.43 by $0.23. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The company had revenue of $12.22 billion for the quarter, compared to analysts' expectations of $11.92 billion. Equities research analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be given a $1.50 dividend. The ex-dividend date is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio (DPR) is presently 41.61%.

About General Dynamics

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.