Voya Investment Management LLC Buys 1,037 Shares of General Dynamics Co. (NYSE:GD)

Voya Investment Management LLC raised its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 93,845 shares of the aerospace company's stock after acquiring an additional 1,037 shares during the period. Voya Investment Management LLC's holdings in General Dynamics were worth $24,727,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Barclays PLC boosted its holdings in General Dynamics by 43.1% during the third quarter. Barclays PLC now owns 942,485 shares of the aerospace company's stock worth $284,818,000 after buying an additional 283,972 shares during the last quarter. Tudor Financial Inc. bought a new position in General Dynamics during the third quarter worth about $393,000. Pine Valley Investments Ltd Liability Co boosted its holdings in General Dynamics by 4.0% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,078 shares of the aerospace company's stock worth $2,743,000 after buying an additional 352 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of General Dynamics during the 3rd quarter valued at about $3,892,000. Finally, Arvest Bank Trust Division bought a new position in shares of General Dynamics during the 3rd quarter valued at about $20,667,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Buying and Selling

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's 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 transaction, the senior vice president now owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $459,201.28. Following the completion of the transaction, the director now directly owns 11,175 shares in the company, valued at $2,857,224. This trade represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Susquehanna lifted their target price on General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research report on Wednesday, April 2nd. William Blair lowered General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. BTIG Research lowered General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. Finally, TD Cowen dropped their target price on General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $293.83.

General Dynamics Stock Up 0.0 %

NYSE:GD traded up $0.01 during trading hours on Tuesday, reaching $271.95. 1,002,008 shares of the company traded hands, compared to its average volume of 1,360,873. The business's 50-day moving average price is $265.28 and its two-hundred day moving average price is $271.58. The stock has a market capitalization of $72.99 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.69 and a beta of 0.43. General Dynamics Co. has a 1 year low of $239.20 and a 1 year high of $316.90. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $11.92 billion. During the same quarter in the previous year, the business earned $2.88 earnings per share. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. Analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be issued a $1.50 dividend. The ex-dividend date is Friday, April 11th. This represents a $6.00 annualized dividend and a dividend yield of 2.21%. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's payout ratio is presently 41.61%.

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.