7,062 Shares in General Dynamics Corporation $GD Purchased by Meadowbrook Advisors Group LLC

Meadowbrook Advisors Group LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) in the fourth quarter, Holdings Channel.com reports. The firm purchased 7,062 shares of the aerospace company’s stock, valued at approximately $2,377,000. General Dynamics accounts for about 1.3% of Meadowbrook Advisors Group LLC’s investment portfolio, making the stock its 21st largest holding.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after buying an additional 417 shares during the last quarter. Acadian Asset Management LLC boosted its stake in General Dynamics by 140.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after acquiring an additional 2,011 shares during the last quarter. Sivia Capital Partners LLC bought a new position in General Dynamics during the 2nd quarter valued at $240,000. Flow Traders U.S. LLC acquired a new position in General Dynamics during the 2nd quarter worth $352,000. Finally, Jump Financial LLC bought a new stake in shares of General Dynamics in the 2nd quarter worth about $1,284,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other news, EVP Mark Lagrand Burns sold 36,480 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the sale, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,457,677.75. This represents a 48.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

General Dynamics Trading Up 0.1%

General Dynamics stock opened at $350.39 on Friday. General Dynamics Corporation has a 1 year low of $275.49 and a 1 year high of $369.70. The firm’s 50-day moving average is $341.10 and its 200-day moving average is $347.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. The company has a market cap of $94.76 billion, a P/E ratio of 22.05, a PEG ratio of 2.17 and a beta of 0.34.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. The business had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.66 EPS. On average, equities analysts expect that General Dynamics Corporation will post 16.62 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $1.59 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio is 40.03%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GD. DA Davidson cut their target price on shares of General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. UBS Group upgraded General Dynamics from a “neutral” rating to a “buy” rating in a research note on Thursday, June 11th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $385.00 price objective on shares of General Dynamics in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft cut their price objective on General Dynamics from $387.00 to $377.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company started coverage on General Dynamics in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $388.40.

General Dynamics Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.