Distillate Capital Partners LLC Buys New Position in General Dynamics Co. (NYSE:GD)

Distillate Capital Partners LLC purchased a new stake in General Dynamics Co. (NYSE:GD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 83,188 shares of the aerospace company's stock, valued at approximately $21,919,000. General Dynamics accounts for approximately 1.1% of Distillate Capital Partners LLC's holdings, making the stock its 26th largest holding.

Several other large investors have also modified their holdings of GD. Financial Life Planners purchased a new position in shares of General Dynamics in the 4th quarter valued at $25,000. Whipplewood Advisors LLC purchased a new stake in General Dynamics in the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of General Dynamics during the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in General Dynamics during the fourth quarter valued at about $28,000. Finally, Heck Capital Advisors LLC bought a new stake in General Dynamics during the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now owns 11,175 shares of the company's stock, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. This represents a 37.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company's stock.

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General Dynamics Price Performance

GD traded down $1.60 on Tuesday, hitting $277.18. 1,544,731 shares of the company were exchanged, compared to its average volume of 1,351,236. 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 firm has a market capitalization of $74.39 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The business's fifty day moving average is $259.89 and its 200 day moving average is $273.43. General Dynamics Co. has a fifty-two week low of $239.20 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing analysts' consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. As a group, sell-side analysts anticipate 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 given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.16%. This is an increase from General Dynamics's previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, April 11th. General Dynamics's payout ratio is currently 43.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GD shares. The Goldman Sachs Group decreased their price objective on shares of General Dynamics from $245.00 to $241.00 and set a "sell" rating on the stock in a report on Tuesday, January 28th. UBS Group decreased their price objective on shares of General Dynamics from $337.00 to $281.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Baird R W lowered shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. BTIG Research cut General Dynamics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 13th. Finally, Susquehanna raised their price objective on shares of General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $296.82.

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.