2,234 Shares in General Dynamics Co. (NYSE:GD) Purchased by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. purchased a new position in shares of General Dynamics Co. (NYSE:GD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,234 shares of the aerospace company's stock, valued at approximately $589,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. Community Bank N.A. raised its stake in shares of General Dynamics by 0.6% during the 3rd quarter. Community Bank N.A. now owns 5,461 shares of the aerospace company's stock worth $1,650,000 after buying an additional 35 shares during the period. Freedom Investment Management Inc. raised its position in General Dynamics by 0.9% during the third quarter. Freedom Investment Management Inc. now owns 4,344 shares of the aerospace company's stock worth $1,313,000 after acquiring an additional 37 shares during the period. Purus Wealth Management LLC raised its position in 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 acquiring an additional 39 shares during the period. Armstrong Advisory Group Inc. lifted its holdings 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 purchasing an additional 40 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY increased its stake in shares of General Dynamics by 4.2% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,012 shares of the aerospace company's stock worth $306,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have weighed in on GD. Deutsche Bank Aktiengesellschaft decreased their price objective on General Dynamics from $303.00 to $295.00 and set a "hold" rating on the stock in a report on Thursday, January 2nd. Wells Fargo & Company lifted their price target on shares of General Dynamics from $244.00 to $261.00 and gave the stock an "equal weight" rating in a research note on Friday, March 7th. Vertical Research downgraded General Dynamics from a "buy" rating to a "hold" rating and decreased their price objective for the company from $352.00 to $290.00 in a report on Monday, January 6th. Wolfe Research cut shares of General Dynamics from an "outperform" rating to a "peer perform" rating in a report on Wednesday, December 11th. Finally, UBS Group decreased their price target on shares of General Dynamics from $337.00 to $281.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $297.71.

General Dynamics Price Performance

General Dynamics stock traded up $0.02 during mid-day trading on Thursday, reaching $269.60. The company had a trading volume of 802,059 shares, compared to its average volume of 1,251,543. The stock's 50-day simple moving average is $258.69 and its 200-day simple moving average is $277.17. The company has a market capitalization of $72.89 billion, a P/E ratio of 19.77, a P/E/G ratio of 1.69 and a beta of 0.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. General Dynamics Co. has a 1 year low of $239.87 and a 1 year high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, equities analysts predict that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be issued a dividend of $1.50 per share. This is an increase from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a yield of 2.23%. The ex-dividend date is Friday, April 11th. General Dynamics's dividend payout ratio (DPR) is 43.99%.

General Dynamics announced that its Board of Directors has initiated a share buyback program on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Laura J. Schumacher sold 1,796 shares of the business'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 completion of the transaction, the director now directly owns 11,175 shares of the company's stock, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction on Monday, March 10th. The shares were 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 directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. The trade was a 37.88 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

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.