Marks Group Wealth Management Inc Sells 93 Shares of General Dynamics Co. (NYSE:GD)

Marks Group Wealth Management Inc lowered its position in General Dynamics Co. (NYSE:GD) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,942 shares of the aerospace company’s stock after selling 93 shares during the period. Marks Group Wealth Management Inc’s holdings in General Dynamics were worth $6,996,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GD. Briaud Financial Planning Inc bought a new position in shares of General Dynamics in the 3rd quarter valued at about $27,000. Impact Partnership Wealth LLC grew its holdings in shares of General Dynamics by 411.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 107 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of General Dynamics in the 4th quarter valued at about $38,000. Wetzel Investment Advisors Inc. bought a new position in shares of General Dynamics in the 4th quarter valued at about $38,000. Finally, Operose Advisors LLC acquired a new stake in General Dynamics in the 3rd quarter valued at about $40,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

GD has been the subject of several recent analyst reports. Susquehanna raised their target price 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. The Goldman Sachs Group raised their target price on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Royal Bank of Canada raised their target price 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. Citigroup raised their target price on shares of General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Wells Fargo & Company raised their target price 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. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $283.80.

General Dynamics Stock Up 0.5 %

Shares of GD opened at $292.70 on Wednesday. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $296.50. The firm’s 50 day moving average is $280.02 and its 200-day moving average is $261.08. The stock has a market capitalization of $80.31 billion, a PE ratio of 24.35, a P/E/G ratio of 1.85 and a beta of 0.68. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The business 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 business posted $3.58 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts forecast that General Dynamics Co. will post 14.56 EPS for the current year.

General Dynamics Increases Dividend

The firm 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 dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a dividend yield of 1.94%. General Dynamics’s dividend payout ratio (DPR) is currently 47.25%.

Insider Transactions at General Dynamics

In related news, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the transaction, the chief executive officer now directly 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 accessible through this hyperlink. In related news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 773,977 shares in the company, valued at $204,569,860.87. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

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.