General Dynamics (NYSE:GD) Reaches New 12-Month Low - Here's What Happened

General Dynamics Co. (NYSE:GD - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $239.20 and last traded at $240.56, with a volume of 133127 shares. The stock had previously closed at $250.01.

Analyst Ratings Changes

GD has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on General Dynamics from $303.00 to $295.00 and set a "hold" rating for the company in a report on Thursday, January 2nd. TD Cowen lowered their price target on shares of General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. Citigroup cut 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. Baird R W cut General Dynamics from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group cut their price target on General Dynamics from $245.00 to $241.00 and set a "sell" rating for the company in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $296.82.

General Dynamics Trading Up 1.8 %

The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The firm's 50 day moving average is $259.48 and its two-hundred day moving average is $273.77. The stock has a market cap of $74.25 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43.

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

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.17%. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. General Dynamics's dividend payout ratio (DPR) is 43.99%.

Insider Activity at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction that occurred 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 $12,297,195.12. The trade was a 37.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Laura J. Schumacher sold 1,796 shares of the firm's stock in a transaction that occurred 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 sale, the director now 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 disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Perkins Coie Trust Co raised its holdings in General Dynamics by 80.0% during the 1st quarter. Perkins Coie Trust Co now owns 117 shares of the aerospace company's stock worth $32,000 after buying an additional 52 shares during the period. Piscataqua Savings Bank increased its position in shares of General Dynamics by 6.7% in the first quarter. Piscataqua Savings Bank now owns 1,028 shares of the aerospace company's stock worth $280,000 after acquiring an additional 65 shares in the last quarter. Persium Advisors LLC raised its holdings in shares of General Dynamics by 11.4% during the first quarter. Persium Advisors LLC now owns 2,116 shares of the aerospace company's stock valued at $577,000 after acquiring an additional 217 shares during the period. Gateway Investment Advisers LLC lifted its position in shares of General Dynamics by 4.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 2,753 shares of the aerospace company's stock valued at $750,000 after acquiring an additional 113 shares in the last quarter. Finally, Radnor Capital Management LLC boosted its stake in General Dynamics by 1.9% in the 1st quarter. Radnor Capital Management LLC now owns 6,670 shares of the aerospace company's stock worth $1,818,000 after purchasing an additional 127 shares during the period. Institutional investors own 86.14% 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.