General Dynamics Co. (NYSE:GD) Shares Acquired by U S Global Investors Inc.

U S Global Investors Inc. lifted its stake in General Dynamics Co. (NYSE:GD - Free Report) by 18.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,450 shares of the aerospace company's stock after purchasing an additional 12,453 shares during the quarter. General Dynamics comprises about 2.1% of U S Global Investors Inc.'s portfolio, making the stock its 14th largest holding. U S Global Investors Inc.'s holdings in General Dynamics were worth $20,934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Pallas Capital Advisors LLC acquired a new position in shares of General Dynamics in the third quarter valued at about $355,000. abrdn plc lifted its holdings in shares of General Dynamics by 67.1% during the third quarter. abrdn plc now owns 32,456 shares of the aerospace company's stock worth $9,737,000 after purchasing an additional 13,032 shares during the period. First Trust Direct Indexing L.P. boosted its position in General Dynamics by 7.2% in the third quarter. First Trust Direct Indexing L.P. now owns 8,646 shares of the aerospace company's stock valued at $2,613,000 after buying an additional 581 shares during the last quarter. SteelPeak Wealth LLC acquired a new position in General Dynamics in the 3rd quarter worth approximately $337,000. Finally, 1620 Investment Advisors Inc. raised its position in General Dynamics by 79.3% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 2,238 shares of the aerospace company's stock worth $676,000 after buying an additional 990 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GD has been the topic of several recent research reports. William Blair downgraded shares of General Dynamics from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Barclays lowered their price target on shares of General Dynamics from $305.00 to $285.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Wolfe Research lowered General Dynamics from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, December 11th. Robert W. Baird reissued a "neutral" rating and issued a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Finally, TD Cowen dropped their target price on General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, General Dynamics has an average rating of "Hold" and a consensus price target of $296.71.

Insider Buying and Selling

In related news, Director Laura J. Schumacher sold 1,796 shares of the business'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 transaction, the director now directly owns 11,175 shares in the company, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.52% of the stock is owned by company insiders.

General Dynamics Price Performance

NYSE:GD traded up $1.71 during trading hours on Monday, reaching $254.31. 284,980 shares of the company were exchanged, compared to its average volume of 1,693,004. 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 firm has a market cap of $68.75 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.69 and a beta of 0.61. General Dynamics Co. has a twelve month low of $239.87 and a twelve month high of $316.90. The stock's 50-day moving average is $258.31 and its 200-day moving average is $281.00.

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 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%. On average, sell-side analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Friday, January 17th. General Dynamics's dividend payout ratio is presently 41.64%.

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

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.