30,382 Shares in General Dynamics Co. (NYSE:GD) Purchased by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. acquired a new position in General Dynamics Co. (NYSE:GD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,382 shares of the aerospace company’s stock, valued at approximately $7,889,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GD. Briaud Financial Planning Inc acquired a new stake in General Dynamics in the third quarter valued at approximately $27,000. Wetzel Investment Advisors Inc. acquired a new position in General Dynamics during the fourth quarter worth $38,000. Rakuten Securities Inc. purchased a new position in General Dynamics during the fourth quarter valued at $38,000. Friedenthal Financial acquired a new stake in shares of General Dynamics in the fourth quarter valued at about $45,000. Finally, Operose Advisors LLC purchased a new stake in shares of General Dynamics during the third quarter worth about $40,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 1.2 %

General Dynamics stock traded up $3.38 during trading on Monday, hitting $287.79. The company had a trading volume of 1,293,625 shares, compared to its average volume of 1,116,899. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.41. The company’s 50 day simple moving average is $281.23 and its 200-day simple moving average is $262.41. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. The stock has a market cap of $78.96 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 1.77 and a beta of 0.68.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The firm had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the prior year, the firm posted $2.64 EPS. General Dynamics’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that General Dynamics Co. will post 14.57 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be paid a $1.42 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.97%. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group lifted their price objective on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Alembic Global Advisors cut General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target for the company. in a research report on Monday, January 29th. Argus raised their price objective on General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a report on Monday. Jefferies Financial Group raised shares of General Dynamics from a “hold” rating to a “buy” rating and upped their target price for the stock from $305.00 to $335.00 in a report on Monday. Finally, StockNews.com raised shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $297.06.

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.