Invesco Ltd. Has $639.92 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

Invesco Ltd. increased its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,428,644 shares of the aerospace company's stock after buying an additional 232,383 shares during the period. Invesco Ltd. owned 0.88% of General Dynamics worth $639,923,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GD. Financial Life Planners acquired a new position in shares of General Dynamics during the fourth quarter worth approximately $25,000. Whipplewood Advisors LLC bought a new position in General Dynamics during the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Dynamics during the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC bought a new stake in General Dynamics in the 4th quarter valued at $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in General Dynamics in the 4th quarter worth $28,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays reduced their target price on shares of General Dynamics from $305.00 to $285.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Vertical Research downgraded General Dynamics from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. Robert W. Baird reissued a "neutral" rating and set a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. BTIG Research lowered General Dynamics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Dynamics from $303.00 to $295.00 and set a "hold" rating on the stock in a research note on Thursday, January 2nd. 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $296.82.

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Insider Activity at General Dynamics

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the 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 directly owns 45,192 shares in the company, valued at $12,297,195.12. This represents a 37.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics 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 sale, the director now directly owns 11,175 shares of the company's stock, valued at $2,857,224. This represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

General Dynamics Price Performance

Shares of General Dynamics stock traded up $4.84 during trading on Friday, reaching $276.66. The company's stock had a trading volume of 1,568,464 shares, compared to its average volume of 1,349,389. The stock has a 50-day moving average price of $259.48 and a two-hundred day moving average price of $273.58. The stock has a market capitalization of $74.25 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. 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 Co. has a one year low of $239.20 and a one year high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last announced 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 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 fiscal year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be given a dividend of $1.50 per share. The ex-dividend date is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's payout ratio is presently 43.99%.

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.