RWA Wealth Partners LLC Buys New Stake in General Dynamics Co. (NYSE:GD)

RWA Wealth Partners LLC purchased a new position in General Dynamics Co. (NYSE:GD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,748 shares of the aerospace company’s stock, valued at approximately $1,233,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in General Dynamics by 0.6% in the third quarter. Vanguard Group Inc. now owns 22,423,961 shares of the aerospace company’s stock worth $4,955,023,000 after buying an additional 133,061 shares during the last quarter. Wellington Management Group LLP lifted its position in General Dynamics by 12.0% in the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock worth $3,615,185,000 after buying an additional 1,755,276 shares during the last quarter. Sanders Capital LLC lifted its position in shares of General Dynamics by 0.4% during the third quarter. Sanders Capital LLC now owns 4,017,057 shares of the aerospace company’s stock worth $887,649,000 after purchasing an additional 17,061 shares during the last quarter. FMR LLC lifted its position in shares of General Dynamics by 13.7% during the third quarter. FMR LLC now owns 2,293,269 shares of the aerospace company’s stock worth $506,744,000 after purchasing an additional 275,947 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of General Dynamics by 4.5% during the third quarter. Northern Trust Corp now owns 2,258,362 shares of the aerospace company’s stock worth $499,030,000 after purchasing an additional 97,789 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction dated Friday, January 26th. The stock was 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 owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Mark C. Roualet sold 73,330 shares of the business’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 in the company, valued at $39,502,023.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following 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. 1.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GD. Royal Bank of Canada lifted their target price on General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Susquehanna lifted their target price on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. Wells Fargo & Company lifted their target price on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Citigroup lifted their target price on General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Barclays lifted their target price on General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Four 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $283.80.

General Dynamics Price Performance

GD opened at $281.15 on Thursday. The business’s 50-day moving average is $280.26 and its two-hundred day moving average is $261.22. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $296.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. The firm has a market capitalization of $77.14 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.86 and a beta of 0.68.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.39 billion. During the same quarter last year, the firm earned $3.58 EPS. General Dynamics’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts anticipate that General Dynamics Co. will post 14.56 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s payout ratio is 47.25%.

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.