New Age Alpha Advisors LLC Has $970,000 Holdings in General Dynamics Co. (NYSE:GD)

New Age Alpha Advisors LLC boosted its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 6,248.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,682 shares of the aerospace company's stock after acquiring an additional 3,624 shares during the period. New Age Alpha Advisors LLC's holdings in General Dynamics were worth $970,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Community Bank N.A. increased its holdings in shares of General Dynamics by 0.6% in the 3rd quarter. Community Bank N.A. now owns 5,461 shares of the aerospace company's stock worth $1,650,000 after acquiring an additional 35 shares during the period. Purus Wealth Management LLC grew its position in General Dynamics by 1.5% in the 4th quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company's stock worth $701,000 after purchasing an additional 39 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of General Dynamics by 4.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company's stock valued at $277,000 after purchasing an additional 40 shares during the period. Cobblestone Capital Advisors LLC NY raised its holdings in shares of General Dynamics by 4.2% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,012 shares of the aerospace company's stock valued at $306,000 after buying an additional 41 shares during the last quarter. Finally, Austin Wealth Management LLC boosted its position in shares of General Dynamics by 5.4% during the fourth quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company's stock worth $220,000 after buying an additional 42 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Down 7.3 %

NYSE:GD traded down $19.68 during mid-day trading on Friday, reaching $249.94. The stock had a trading volume of 3,232,146 shares, compared to its average volume of 1,325,132. The stock has a market cap of $67.08 billion, a P/E ratio of 18.32, a PEG ratio of 1.69 and a beta of 0.43. The business's 50 day moving average is $258.75 and its 200 day moving average is $275.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. General Dynamics Co. has a fifty-two week low of $239.87 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate 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 predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, April 11th. 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 Analyst Weigh In

A number of brokerages have issued reports on GD. Wells Fargo & Company boosted their price target on General Dynamics from $244.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Friday, March 7th. The Goldman Sachs Group reduced their price objective on shares of General Dynamics from $245.00 to $241.00 and set a "sell" rating for the company in a report on Tuesday, January 28th. Vertical Research downgraded shares of General Dynamics from a "buy" rating to a "hold" rating and dropped their price target for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. UBS Group decreased their price objective on shares of General Dynamics from $337.00 to $281.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Finally, BTIG Research cut 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 assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, General Dynamics presently has a consensus rating of "Hold" and a consensus price target of $298.59.

Insider Activity

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now directly owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. This trade represents a 37.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction dated 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 owns 11,175 shares in the company, 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. 1.52% of the stock is currently owned by insiders.

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.