General Dynamics Co. (NYSE:GD) Holdings Raised by Schroder Investment Management Group

Schroder Investment Management Group lifted its stake in shares of General Dynamics Co. (NYSE:GD - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,335 shares of the aerospace company's stock after buying an additional 1,324 shares during the quarter. Schroder Investment Management Group's holdings in General Dynamics were worth $5,885,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GD. Purus Wealth Management LLC lifted its holdings 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 buying an additional 39 shares in the last quarter. Armstrong Advisory Group Inc. increased its position in shares of General Dynamics by 4.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company's stock worth $277,000 after acquiring an additional 40 shares during the last quarter. Austin Wealth Management LLC lifted its stake in shares of General Dynamics by 5.4% in the fourth quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company's stock worth $220,000 after acquiring an additional 42 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in General Dynamics by 35.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company's stock valued at $43,000 after purchasing an additional 43 shares during the last quarter. Finally, Stokes Family Office LLC grew its stake in General Dynamics by 0.4% during the 4th quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company's stock valued at $2,708,000 after purchasing an additional 43 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

GD has been the subject of several research analyst reports. Robert W. Baird reiterated a "neutral" rating and set a $283.00 target price (down from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut their price target on shares of General Dynamics from $307.00 to $284.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada decreased their price target on General Dynamics from $290.00 to $280.00 and set a "sector perform" rating for the company in a research note on Thursday, January 30th. BTIG Research cut General Dynamics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 13th. Finally, Citigroup decreased their target price on General Dynamics from $360.00 to $335.00 and set a "buy" rating for the company in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, thirteen have given 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.com, General Dynamics currently has a consensus rating of "Hold" and an average price target of $298.59.

Insider Activity

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the transaction, the senior vice president now directly owns 45,192 shares of the company's stock, valued at $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now directly 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. Insiders own 1.52% of the company's stock.

General Dynamics Stock Performance

Shares of NYSE GD traded down $2.40 during midday trading on Monday, hitting $247.62. 2,152,388 shares of the company's stock were exchanged, compared to its average volume of 1,328,427. General Dynamics Co. has a twelve month low of $239.38 and a twelve month high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The firm has a market cap of $66.46 billion, a P/E ratio of 18.15, a PEG ratio of 1.69 and a beta of 0.43. The stock's 50 day moving average price is $258.75 and its 200-day moving average price is $275.35.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (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%. Equities research analysts anticipate that General Dynamics Co. will post 14.83 EPS 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 $1.50 dividend. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, April 11th. General Dynamics's dividend payout ratio is currently 43.99%.

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.