Stevens Capital Management LP Raises Stock Holdings in General Dynamics Co. (NYSE:GD)

Stevens Capital Management LP increased its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 191.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,943 shares of the aerospace company's stock after buying an additional 1,934 shares during the period. Stevens Capital Management LP's holdings in General Dynamics were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at General Dynamics

In other General Dynamics 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 completion of the transaction, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. The trade was a 37.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 11,175 shares of the company's stock, valued at approximately $2,857,224. This trade represents 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.

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Analysts Set New Price Targets

GD has been the subject of a number of research analyst reports. 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 report on Friday, March 7th. The Goldman Sachs Group lowered their target price on General Dynamics from $245.00 to $241.00 and set a "sell" rating for the company in a research note on Tuesday, January 28th. UBS Group cut their price objective on General Dynamics from $337.00 to $281.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. BTIG Research downgraded General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on General Dynamics from $303.00 to $295.00 and set a "hold" rating on the stock in a report on Thursday, January 2nd. One equities 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 issued a strong buy rating to the stock. According to MarketBeat.com, General Dynamics currently has an average rating of "Hold" and an average price target of $297.71.

General Dynamics Stock Up 0.0 %

NYSE:GD traded up $0.02 during trading hours on Thursday, reaching $269.60. The company had a trading volume of 802,059 shares, compared to its average volume of 1,251,543. The business's 50-day simple moving average is $258.69 and its two-hundred day simple moving average is $277.17. General Dynamics Co. has a twelve month low of $239.87 and a twelve month high of $316.90. The firm has a market cap of $72.89 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.69 and a beta of 0.59. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing analysts' consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. On average, equities analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics declared that its board has authorized a share repurchase plan on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be issued a $1.50 dividend. This is a boost 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 2.23%. The ex-dividend date is Friday, April 11th. General Dynamics's dividend payout ratio (DPR) is currently 43.99%.

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.