Susquehanna Fundamental Investments LLC Buys New Holdings in General Dynamics Co. (NYSE:GD)

Susquehanna Fundamental Investments LLC bought a new position in General Dynamics Co. (NYSE:GD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,010 shares of the aerospace company's stock, valued at approximately $266,000.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on GD shares. UBS Group boosted their target price on shares of General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a report on Thursday, April 24th. Morgan Stanley reduced their price objective on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Citigroup cut their target price on General Dynamics from $335.00 to $330.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Argus set a $295.00 price target on General Dynamics in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $293.00.

General Dynamics Stock Down 0.1 %

Shares of NYSE GD traded down $0.37 during mid-day trading on Friday, reaching $271.61. The company had a trading volume of 1,029,098 shares, compared to its average volume of 1,368,885. The stock has a market capitalization of $72.90 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49. General Dynamics Co. has a twelve month low of $239.20 and a twelve month 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 $268.82 and its 200-day moving average is $269.96.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results 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. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. During the same period in the previous year, the company earned $2.88 EPS. The firm's revenue was up 13.9% on a year-over-year basis. As a group, equities analysts anticipate 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 was paid on Friday, May 9th. Stockholders of record on Friday, April 11th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Friday, April 11th. This is an increase from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio is 41.61%.

Insider Buying and Selling at General Dynamics

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