Capital Investment Advisory Services LLC Has $493,000 Stock Holdings in General Dynamics Co. (NYSE:GD)

Capital Investment Advisory Services LLC lessened its stake in shares of General Dynamics Co. (NYSE:GD) by 5.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,899 shares of the aerospace company’s stock after selling 115 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in General Dynamics were worth $493,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Regent Peak Wealth Advisors LLC grew its holdings in General Dynamics by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock worth $2,812,000 after acquiring an additional 41 shares during the last quarter. Cornercap Investment Counsel Inc. lifted its position in shares of General Dynamics by 0.4% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock worth $2,695,000 after purchasing an additional 41 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of General Dynamics by 6.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 42 shares during the period. Raleigh Capital Management Inc. lifted its position in shares of General Dynamics by 2.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock worth $408,000 after purchasing an additional 42 shares during the period. Finally, Resonant Capital Advisors LLC lifted its position in shares of General Dynamics by 3.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,304 shares of the aerospace company’s stock worth $339,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In other news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction dated 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 owns 149,205 shares in the company, valued at $39,502,023.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction dated 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 $204,569,860.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was 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 of the company’s stock, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

General Dynamics Stock Up 0.9 %

Shares of NYSE GD opened at $291.31 on Tuesday. General Dynamics Co. has a 12-month low of $202.35 and a 12-month high of $296.50. The firm has a market cap of $79.93 billion, a PE ratio of 24.24, a P/E/G ratio of 1.83 and a beta of 0.68. The company’s fifty day simple moving average is $279.51 and its 200 day simple moving average is $260.57. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41.

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

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be issued a $1.42 dividend. The ex-dividend date is Thursday, April 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.95%. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is currently 47.25%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GD shares. StockNews.com downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Alembic Global Advisors downgraded shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target on the stock. in a research report on Monday, January 29th. UBS Group boosted their price target on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Barclays boosted 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, April 15th. Finally, Wells Fargo & Company boosted their target price on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $283.80.

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.