Nebula Research & Development LLC Acquires Shares of 5,045 General Dynamics Co. (NYSE:GD)

Nebula Research & Development LLC bought a new position in shares of General Dynamics Co. (NYSE:GD - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,045 shares of the aerospace company's stock, valued at approximately $1,329,000.

Other large investors also recently modified their holdings of the company. Financial Life Planners bought a new position in General Dynamics in the 4th quarter worth $25,000. Whipplewood Advisors LLC bought a new position in General Dynamics in the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in General Dynamics in the fourth quarter worth about $26,000. Heck Capital Advisors LLC bought a new stake in General Dynamics during the 4th quarter valued at approximately $28,000. Finally, Hoey Investments Inc. purchased a new position in shares of General Dynamics during the 4th quarter worth approximately $28,000. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BTIG Research lowered General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. Morgan Stanley dropped their target price on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a report on Thursday. Vertical Research lowered shares of General Dynamics from a "buy" rating to a "hold" rating and decreased their price target for the stock from $352.00 to $290.00 in a research note on Monday, January 6th. Baird R W lowered shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company decreased their target price on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, General Dynamics has an average rating of "Hold" and an average target price of $293.83.

Insider Buying and Selling at General Dynamics

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 transaction of $7,499,895.82. Following the completion of the sale, 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 legal filing with the SEC, which is available at this link. Also, Director Laura J. Schumacher sold 1,796 shares of the firm'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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

General Dynamics Price Performance

Shares of NYSE:GD opened at $272.30 on Friday. The business has a 50-day simple moving average of $264.21 and a two-hundred day simple moving average of $271.94. 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 cap of $73.08 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. 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 earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. On average, analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The company 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 2.20%. This is a boost 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 presently 41.61%.

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.

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