2,286 Shares in General Dynamics Co. (NYSE:GD) Bought by Sulzberger Capital Advisors Inc.

Sulzberger Capital Advisors Inc. acquired a new stake in General Dynamics Co. (NYSE:GD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,286 shares of the aerospace company's stock, valued at approximately $602,000. General Dynamics comprises about 0.7% of Sulzberger Capital Advisors Inc.'s investment portfolio, making the stock its 28th biggest position.

A number of other large investors have also recently made changes to their positions in GD. Vanguard Group Inc. increased its holdings in shares of General Dynamics by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock valued at $6,265,813,000 after purchasing an additional 706,317 shares in the last quarter. Capital Research Global Investors raised its holdings in General Dynamics by 7.4% in the 4th quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company's stock valued at $1,774,381,000 after acquiring an additional 463,497 shares during the last quarter. Geode Capital Management LLC lifted its position in General Dynamics by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,688,672 shares of the aerospace company's stock worth $1,496,939,000 after buying an additional 131,268 shares in the last quarter. Sanders Capital LLC boosted its stake in General Dynamics by 0.8% during the fourth quarter. Sanders Capital LLC now owns 4,212,422 shares of the aerospace company's stock worth $1,109,931,000 after buying an additional 33,962 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in General Dynamics by 4.2% in the 4th quarter. Northern Trust Corp now owns 2,606,137 shares of the aerospace company's stock valued at $686,691,000 after buying an additional 103,870 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. BTIG Research lowered shares of General Dynamics from a "buy" rating to a "neutral" rating in a report on Thursday, February 13th. The Goldman Sachs Group reduced their price target on shares of General Dynamics from $245.00 to $241.00 and set a "sell" rating on the stock in a research report on Tuesday, January 28th. Citigroup lowered their price objective on General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. TD Cowen decreased their price target on General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. Finally, TD Securities raised their price objective on General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, General Dynamics presently has a consensus rating of "Hold" and a consensus price target of $292.88.

General Dynamics Stock Down 0.6 %

Shares of GD stock traded down $1.57 during trading hours on Tuesday, reaching $270.57. 285,172 shares of the stock were exchanged, compared to its average volume of 1,694,277. General Dynamics Co. has a 12-month low of $239.20 and a 12-month high of $316.90. The business's fifty day moving average is $267.31 and its two-hundred day moving average is $270.44. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The firm has a market capitalization of $72.62 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, beating analysts' consensus estimates of $3.43 by $0.23. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The company's revenue was up 13.9% on a year-over-year basis. During the same period last year, the business earned $2.88 EPS. As a group, research analysts expect that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be given a dividend of $1.50 per share. This is a boost from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Friday, April 11th. General Dynamics's dividend payout ratio is currently 41.61%.

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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company's stock.

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.