Waterloo Capital L.P. Has $364,000 Stock Position in General Dynamics Co. (NYSE:GD)

Waterloo Capital L.P. lowered its stake in shares of General Dynamics Co. (NYSE:GD - Free Report) by 45.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,381 shares of the aerospace company's stock after selling 1,173 shares during the period. Waterloo Capital L.P.'s holdings in General Dynamics were worth $364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. Financial Life Planners acquired a new position in shares of General Dynamics during the 4th quarter valued at about $25,000. Whipplewood Advisors LLC acquired a new stake in General Dynamics during the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in General Dynamics during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of General Dynamics in the 4th quarter valued at $28,000. Finally, Heck Capital Advisors LLC purchased a new position in General Dynamics in the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Stock Performance

Shares of General Dynamics stock traded up $4.84 during trading on Friday, hitting $276.66. 1,568,464 shares of the stock were exchanged, compared to its average volume of 1,349,389. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The stock's fifty day moving average is $259.48 and its 200 day moving average is $273.58. The stock has a market cap of $74.25 billion, a PE ratio of 20.28, a P/E/G ratio of 1.69 and a beta of 0.43.

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General Dynamics (NYSE:GD - Get Free Report) last posted 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 net margin of 7.93% and a return on equity of 17.10%. As a group, sell-side analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be given a $1.50 dividend. This is an increase from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, April 11th. General Dynamics's dividend payout ratio (DPR) is 43.99%.

Analyst Upgrades and Downgrades

GD has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Dynamics from $303.00 to $295.00 and set a "hold" rating for the company in a research note on Thursday, January 2nd. TD Cowen cut their target price on General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. BTIG Research downgraded shares of General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. 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. Finally, 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. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $296.82.

Insider Activity

In other General Dynamics 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 transaction of $7,499,895.82. Following the completion of the sale, the senior vice president now directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. This trade represents a 37.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $459,201.28. Following the completion of the sale, the director now owns 11,175 shares of the company's stock, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

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.