1,496 Shares in General Dynamics Co. (NYSE:GD) Purchased by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC bought a new stake in shares of General Dynamics Co. (NYSE:GD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,496 shares of the aerospace company's stock, valued at approximately $394,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp increased its stake in shares of General Dynamics by 9.4% during the third quarter. State Street Corp now owns 10,945,110 shares of the aerospace company's stock valued at $3,307,612,000 after purchasing an additional 943,247 shares in the last quarter. Raymond James Financial Inc. bought a new position in General Dynamics during the 4th quarter valued at approximately $197,238,000. Vanguard Group Inc. raised its stake in General Dynamics by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock valued at $6,265,813,000 after buying an additional 706,317 shares during the last quarter. Geode Capital Management LLC raised its stake in General Dynamics by 13.0% during the third quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company's stock valued at $1,674,998,000 after buying an additional 638,342 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of General Dynamics by 117.0% in the third quarter. Two Sigma Advisers LP now owns 858,600 shares of the aerospace company's stock worth $259,469,000 after acquiring an additional 463,000 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at General Dynamics

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business'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 in the company, valued at approximately $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the transaction, the director now owns 11,175 shares of the company's stock, valued at $2,857,224. This represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

General Dynamics Stock Performance

GD traded down $19.68 during midday trading on Friday, reaching $249.94. The company had a trading volume of 3,232,146 shares, compared to its average volume of 1,325,132. The business has a 50-day moving average of $258.75 and a two-hundred day moving average of $275.54. 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 Co. has a 1 year low of $239.87 and a 1 year high of $316.90. The company has a market cap of $67.08 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.69 and a beta of 0.43.

General Dynamics (NYSE:GD - Get Free Report) last released its 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%. As a group, equities research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.40%. General Dynamics's dividend payout ratio is 43.99%.

Wall Street Analyst Weigh In

GD has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on shares of General Dynamics from $307.00 to $284.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Dynamics from $303.00 to $295.00 and set a "hold" rating on the stock in a research note on Thursday, January 2nd. William Blair downgraded shares of General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Wells Fargo & Company upped their price objective on General Dynamics from $244.00 to $261.00 and gave the company an "equal weight" rating in a research report on Friday, March 7th. Finally, BTIG Research lowered General Dynamics from a "buy" rating to a "neutral" rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $298.59.

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.