General Dynamics Co. (NYSE:GD) Shares Bought by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA boosted its stake in General Dynamics Co. (NYSE:GD) by 648.1% in the 4th quarter, Holdings Channel reports. The firm owned 39,587 shares of the aerospace company’s stock after purchasing an additional 34,295 shares during the period. Roffman Miller Associates Inc. PA’s holdings in General Dynamics were worth $10,280,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GD. Bank of New Hampshire boosted its stake in General Dynamics by 5.2% in the fourth quarter. Bank of New Hampshire now owns 1,722 shares of the aerospace company’s stock valued at $447,000 after acquiring an additional 85 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in General Dynamics by 15.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,231 shares of the aerospace company’s stock valued at $1,358,000 after buying an additional 702 shares in the last quarter. Atria Wealth Solutions Inc. grew its position in shares of General Dynamics by 3.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 26,406 shares of the aerospace company’s stock valued at $6,857,000 after purchasing an additional 998 shares during the last quarter. Schnieders Capital Management LLC acquired a new stake in General Dynamics during the fourth quarter worth approximately $220,000. Finally, Arbor Wealth Advisors LLC acquired a new stake in General Dynamics during the fourth quarter worth approximately $804,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada dropped their price target on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday. StockNews.com raised shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Thursday. The Goldman Sachs Group boosted 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, April 16th. UBS Group lifted their target price 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. Finally, Barclays boosted their price objective on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $285.63.

Insider Transactions at General Dynamics

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s 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 owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Stock Down 0.0 %

NYSE GD traded down $0.08 on Friday, hitting $284.82. 679,175 shares of the company were exchanged, compared to its average volume of 1,107,321. The company has a market cap of $78.15 billion, a PE ratio of 23.24, a PEG ratio of 1.79 and a beta of 0.68. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $296.50. The stock has a fifty day moving average of $280.56 and a 200-day moving average of $261.39. 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 released its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The firm had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the previous year, the business earned $2.64 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts forecast that General Dynamics Co. will post 14.56 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

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.