Tompkins Financial Corp Has $7.44 Million Stock Position in General Dynamics Co. (NYSE:GD)

Tompkins Financial Corp increased its stake in General Dynamics Co. (NYSE:GD) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,280 shares of the aerospace company’s stock after purchasing an additional 325 shares during the quarter. Tompkins Financial Corp’s holdings in General Dynamics were worth $7,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of General Dynamics by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company’s stock worth $6,265,813,000 after buying an additional 706,317 shares during the period. Capital Research Global Investors lifted its position in shares of General Dynamics by 7.4% in the 4th quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company’s stock valued at $1,774,381,000 after acquiring an additional 463,497 shares in the last quarter. Geode Capital Management LLC boosted its stake in General Dynamics by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,688,672 shares of the aerospace company’s stock worth $1,496,939,000 after purchasing an additional 131,268 shares during the period. Sanders Capital LLC grew its position in General Dynamics by 0.8% during the 4th quarter. Sanders Capital LLC now owns 4,212,422 shares of the aerospace company’s stock worth $1,109,931,000 after purchasing an additional 33,962 shares in the last quarter. Finally, Royal Bank of Canada grew its position in General Dynamics by 5.2% during the 4th quarter. Royal Bank of Canada now owns 2,935,046 shares of the aerospace company’s stock worth $773,355,000 after purchasing an additional 145,978 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value 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. The trade was a 37.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

General Dynamics Stock Performance

GD stock opened at $275.27 on Friday. The firm has a 50 day moving average of $272.02 and a two-hundred day moving average of $267.52. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The company has a market capitalization of $73.88 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.69 and a beta of 0.49. 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) last issued its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.23. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The firm had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.92 billion. During the same period in the prior year, the company posted $2.88 earnings per share. General Dynamics’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 11th were issued a dividend of $1.50 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.18%. General Dynamics’s dividend payout ratio is currently 41.61%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Royal Bank of Canada reduced their price objective 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. UBS Group raised their price objective on General Dynamics from $268.00 to $279.00 and gave the stock a “neutral” rating in a research report on Thursday, April 24th. Wells Fargo & Company dropped their target price on General Dynamics from $261.00 to $236.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Finally, BTIG Research lowered shares of General Dynamics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, General Dynamics has an average rating of “Hold” and a consensus target price of $293.00.

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.