Madison Investment Advisors LLC Purchases Shares of 2,642 General Dynamics Co. (NYSE:GD)

Madison Investment Advisors LLC acquired a new stake in shares of General Dynamics Co. (NYSE:GD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,642 shares of the aerospace company's stock, valued at approximately $696,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Impact Capital Partners LLC acquired a new stake in shares of General Dynamics in the 4th quarter valued at approximately $230,000. Commonwealth Equity Services LLC boosted its position in General Dynamics by 11.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 166,288 shares of the aerospace company's stock valued at $43,815,000 after buying an additional 17,345 shares in the last quarter. DecisionMap Wealth Management LLC bought a new stake in shares of General Dynamics during the fourth quarter worth $525,000. Balboa Wealth Partners lifted its stake in shares of General Dynamics by 13.0% in the 4th quarter. Balboa Wealth Partners now owns 793 shares of the aerospace company's stock valued at $209,000 after acquiring an additional 91 shares during the last quarter. Finally, Wintrust Investments LLC grew its position in General Dynamics by 117.3% during the 4th quarter. Wintrust Investments LLC now owns 226 shares of the aerospace company's stock worth $59,000 after acquiring an additional 122 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Activity at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was 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 in the company, valued at $12,297,195.12. The trade was a 37.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $459,201.28. Following the completion of the transaction, the director now directly owns 11,175 shares in the company, valued at approximately $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 currently owned by insiders.

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General Dynamics Stock Up 0.8 %

NYSE GD traded up $2.06 during mid-day trading on Wednesday, hitting $269.60. The company's stock had a trading volume of 1,139,816 shares, compared to its average volume of 1,249,255. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The company's 50 day simple moving average is $258.60 and its 200 day simple moving average is $277.27. General Dynamics Co. has a twelve month low of $239.87 and a twelve month high of $316.90. The firm has a market capitalization of $72.89 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.69 and a beta of 0.59.

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 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%. Analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics announced that its board has initiated a share repurchase plan on Wednesday, December 4th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

General Dynamics Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GD. Jefferies Financial Group reissued a "hold" rating and set a $300.00 price target (down from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. William Blair lowered General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. The Goldman Sachs Group lowered their price objective on General Dynamics from $245.00 to $241.00 and set a "sell" rating for the company in a research report on Tuesday, January 28th. Baird R W cut General Dynamics from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, BTIG Research lowered shares of General Dynamics from a "buy" rating to a "neutral" rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $297.71.

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.