Lincoln National Corp Has $5.05 Million Stock Position in General Dynamics Co. (NYSE:GD)

Lincoln National Corp decreased its position in General Dynamics Co. (NYSE:GD) by 0.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,443 shares of the aerospace company’s stock after selling 143 shares during the period. Lincoln National Corp’s holdings in General Dynamics were worth $5,049,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Lindbrook Capital LLC lifted its position in General Dynamics by 55.9% during the 3rd quarter. Lindbrook Capital LLC now owns 711 shares of the aerospace company’s stock worth $157,000 after buying an additional 255 shares in the last quarter. Verdence Capital Advisors LLC raised its position in General Dynamics by 10.4% in the third quarter. Verdence Capital Advisors LLC now owns 7,382 shares of the aerospace company’s stock valued at $1,631,000 after purchasing an additional 696 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of General Dynamics by 0.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,722 shares of the aerospace company’s stock worth $11,650,000 after acquiring an additional 474 shares during the last quarter. BluePath Capital Management LLC purchased a new position in shares of General Dynamics during the 3rd quarter valued at $57,000. Finally, Mackenzie Financial Corp lifted its position in shares of General Dynamics by 0.7% during the 3rd quarter. Mackenzie Financial Corp now owns 93,570 shares of the aerospace company’s stock valued at $20,655,000 after buying an additional 683 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GD. Royal Bank of Canada dropped their price objective on General Dynamics from $325.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. UBS Group increased their price objective on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. The Goldman Sachs Group increased their price objective on General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Wells Fargo & Company increased their price objective on General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, StockNews.com lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $300.53.

General Dynamics Stock Up 1.1 %

Shares of General Dynamics stock traded up $3.23 on Monday, reaching $291.37. The company’s stock had a trading volume of 870,235 shares, compared to its average volume of 1,113,557. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $296.50. The company has a market capitalization of $79.94 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.80 and a beta of 0.67. The firm’s fifty day simple moving average is $282.84 and its two-hundred day simple moving average is $264.06.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The business had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the previous year, the firm earned $2.64 earnings per share. General Dynamics’s revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that General Dynamics Co. will post 14.55 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. Shareholders of record on Friday, April 12th will be paid a dividend of $1.42 per share. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, April 11th. General Dynamics’s payout ratio is presently 46.33%.

Insider Activity

In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the completion of the sale, the vice president now owns 103,345 shares in the company, valued at $29,816,065.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $284.50, for a total value of $14,182,325.00. Following the transaction, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $288.51, for a total value of $3,914,215.17. Following the sale, the vice president now directly owns 103,345 shares in the company, valued at $29,816,065.95. 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.