General Dynamics Co. (NYSE:GD) Stock Position Boosted by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV boosted its stake in General Dynamics Co. (NYSE:GD) by 32.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,650 shares of the aerospace company’s stock after acquiring an additional 400 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in General Dynamics were worth $415,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Certified Advisory Corp acquired a new stake in General Dynamics in the 1st quarter valued at about $25,000. Live Oak Investment Partners purchased a new stake in General Dynamics during the fourth quarter valued at about $30,000. Briaud Financial Planning Inc purchased a new stake in General Dynamics during the third quarter valued at about $27,000. Impact Partnership Wealth LLC lifted its stake in General Dynamics by 411.5% during the third quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after buying an additional 107 shares in the last quarter. Finally, Tyler Stone Wealth Management purchased a new stake in General Dynamics during the second quarter valued at about $30,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the transaction, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the sale, the executive vice president now owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the sale, the chief executive officer now owns 773,977 shares in the company, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

General Dynamics Stock Up 0.3 %

NYSE:GD traded up $0.80 during mid-day trading on Thursday, reaching $285.26. The stock had a trading volume of 257,586 shares, compared to its average volume of 1,063,617. The business’s 50 day moving average is $278.37 and its 200 day moving average is $258.85. General Dynamics Co. has a fifty-two week low of $202.35 and a fifty-two week high of $296.50. The stock has a market cap of $78.27 billion, a P/E ratio of 23.67, a PEG ratio of 1.81 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The firm had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.39 billion. During the same quarter in the prior year, the company posted $3.58 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts predict that General Dynamics Co. will post 14.57 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a $1.42 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.99%. General Dynamics’s dividend payout ratio (DPR) is currently 47.25%.

Analyst Ratings Changes

A number of analysts have commented on GD shares. Wells Fargo & Company upped their price objective on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. UBS Group upped their price objective on shares of General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. The Goldman Sachs Group increased their price target on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday. Barclays increased their price target on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Alembic Global Advisors lowered shares of 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. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.80.

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.