General Dynamics Co. (NYSE:GD) Shares Purchased by Prospector Partners LLC

Prospector Partners LLC raised its position in General Dynamics Co. (NYSE:GD) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,704 shares of the aerospace company’s stock after acquiring an additional 64 shares during the quarter. Prospector Partners LLC’s holdings in General Dynamics were worth $4,665,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Life Planners purchased a new stake in General Dynamics during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC purchased a new stake in shares of General Dynamics during the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new position in General Dynamics in the fourth quarter valued at $28,000. Finally, Heck Capital Advisors LLC acquired a new position in General Dynamics during the 4th quarter worth $28,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction on 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 completion of the transaction, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. This represents a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction 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 sale, the director now owns 11,175 shares in the company, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by corporate insiders.

General Dynamics Stock Performance

NYSE GD opened at $249.94 on Friday. The business’s 50-day moving average price is $258.75 and its 200 day moving average price is $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. The firm 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 Co. has a 52-week low of $239.87 and a 52-week high of $316.90.

General Dynamics (NYSE:GD) last announced its 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 net margin of 7.93% and a return on equity of 17.10%. On average, equities research analysts expect that General Dynamics Co. will post 14.83 earnings per share 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 issued a $1.50 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. This represents a $6.00 annualized dividend and a dividend yield of 2.40%. General Dynamics’s payout ratio is presently 43.99%.

Analyst Ratings Changes

GD has been the subject of several recent research reports. Susquehanna lifted their price objective on General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a research note on Wednesday. UBS Group decreased their price target on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Vertical Research downgraded shares of General Dynamics from a “buy” rating to a “hold” rating and dropped their price objective for the company from $352.00 to $290.00 in a research report on Monday, January 6th. BTIG Research downgraded shares of General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. One equities research 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $298.59.

General Dynamics 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.