General Dynamics Co. (NYSE:GD) Shares Purchased by Shell Asset Management Co.

Shell Asset Management Co. increased its stake in shares of General Dynamics Co. (NYSE:GD) by 149.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,061 shares of the aerospace company’s stock after purchasing an additional 2,436 shares during the period. Shell Asset Management Co.’s holdings in General Dynamics were worth $1,070,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GD. Purus Wealth Management LLC lifted its stake in General Dynamics by 1.5% during the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock valued at $701,000 after purchasing an additional 39 shares during the last quarter. Austin Wealth Management LLC lifted its stake in General Dynamics by 5.4% during the fourth quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company’s stock valued at $220,000 after purchasing an additional 42 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in General Dynamics by 35.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 43 shares during the last quarter. Stokes Family Office LLC lifted its stake in General Dynamics by 0.4% during the fourth quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company’s stock valued at $2,708,000 after purchasing an additional 43 shares during the last quarter. Finally, ICW Investment Advisors LLC lifted its stake in General Dynamics by 0.5% during the fourth quarter. ICW Investment Advisors LLC now owns 8,491 shares of the aerospace company’s stock valued at $2,237,000 after purchasing an additional 43 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the transaction, the senior vice president now owns 45,192 shares in the company, valued at $12,297,195.12. This represents a 37.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on GD shares. Royal Bank of Canada cut their target price on shares of 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. TD Securities upped their price target on shares of General Dynamics from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. The Goldman Sachs Group reduced their price target on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research report on Tuesday, January 28th. Cowen restated a “buy” rating on shares of General Dynamics in a research report on Thursday, April 24th. Finally, Susquehanna upped their price target on shares of General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $293.00.

General Dynamics Stock Up 0.7%

GD stock opened at $280.54 on Friday. General Dynamics Co. has a 12-month low of $239.20 and a 12-month high of $316.90. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The company has a market cap of $75.29 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.69 and a beta of 0.49. The company has a 50 day moving average of $269.70 and a two-hundred day moving average of $268.81.

General Dynamics (NYSE:GD) last released its earnings results 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 company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. During the same quarter in the prior year, the firm earned $2.88 EPS. The company’s revenue was up 13.9% compared to the same quarter last year. On average, equities analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 11th were paid 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 was Friday, April 11th. This represents a $6.00 annualized dividend and a dividend yield of 2.14%. General Dynamics’s dividend payout ratio is 41.61%.

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.