Calamos Advisors LLC Decreases Stake in General Dynamics Co. (NYSE:GD)

Calamos Advisors LLC lowered its stake in shares of General Dynamics Co. (NYSE:GD) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,710 shares of the aerospace company’s stock after selling 623 shares during the period. Calamos Advisors LLC’s holdings in General Dynamics were worth $12,389,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GD. Certified Advisory Corp purchased a new stake in shares of General Dynamics during the 1st quarter worth approximately $25,000. Briaud Financial Planning Inc purchased a new stake in shares of General Dynamics during the 3rd quarter worth approximately $27,000. Impact Partnership Wealth LLC increased its stake in shares of General Dynamics by 411.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 107 shares during the last quarter. Live Oak Investment Partners purchased a new stake in shares of General Dynamics during the 4th quarter worth approximately $30,000. Finally, Tyler Stone Wealth Management purchased a new stake in shares of General Dynamics during the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

NYSE GD opened at $288.74 on Friday. General Dynamics Co. has a 52-week low of $202.35 and a 52-week high of $296.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. The company has a market capitalization of $79.22 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.81 and a beta of 0.68. The company has a fifty day moving average of $279.07 and a 200-day moving average of $259.49.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (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 company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.39 billion. During the same period in the prior year, the firm posted $3.58 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts predict that General Dynamics Co. will post 14.57 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be issued a dividend of $1.42 per share. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Thursday, April 11th. General Dynamics’s payout ratio is currently 47.25%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. The Goldman Sachs Group lifted their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays lifted their price objective on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Susquehanna lifted their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.80.

Insider Transactions at General Dynamics

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

About General Dynamics

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.