General Dynamics Co. (NYSE:GD) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC grew its stake in General Dynamics Co. (NYSE:GD) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,723 shares of the aerospace company’s stock after acquiring an additional 939 shares during the quarter. Private Advisor Group LLC’s holdings in General Dynamics were worth $4,602,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GD. MeadowBrook Investment Advisors LLC acquired a new stake in General Dynamics during the fourth quarter worth approximately $25,000. Summit Trail Advisors LLC boosted its stake in General Dynamics by 12.2% in the fourth quarter. Summit Trail Advisors LLC now owns 1,531 shares of the aerospace company’s stock valued at $398,000 after acquiring an additional 166 shares during the period. Spire Wealth Management raised its position in shares of General Dynamics by 24.1% during the 4th quarter. Spire Wealth Management now owns 5,224 shares of the aerospace company’s stock worth $1,303,000 after purchasing an additional 1,014 shares during the period. Kerntke Otto McGlone Wealth Management Group bought a new stake in shares of General Dynamics in the 4th quarter worth approximately $227,000. Finally, Connecticut Wealth Management LLC boosted its position in General Dynamics by 3.7% during the 4th quarter. Connecticut Wealth Management LLC now owns 1,478 shares of the aerospace company’s stock valued at $384,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on GD shares. Wells Fargo & Company raised their price target 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. Barclays boosted their price target on General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Citigroup lifted their price objective on shares of General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Royal Bank of Canada decreased their target price on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, Argus boosted their price target on shares of General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $300.53.

General Dynamics Trading Up 1.1 %

Shares of NYSE GD opened at $296.02 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a one year low of $202.35 and a one year high of $296.50. The business has a 50-day moving average price of $283.60 and a two-hundred day moving average price of $264.67. The firm has a market capitalization of $81.22 billion, a PE ratio of 24.15, a PEG ratio of 1.80 and a beta of 0.67.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.01). The company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.64 earnings per share. As a group, analysts predict that General Dynamics Co. will post 14.55 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. Shareholders of record on Friday, April 12th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.92%. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s payout ratio is 46.33%.

Insiders Place Their Bets

In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of General Dynamics stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the sale, the chief executive officer now directly owns 768,977 shares in the company, valued at $218,773,956.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the sale, the chief executive officer now owns 768,977 shares in the company, valued at approximately $218,773,956.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Leon Rudy F. De sold 2,570 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $288.00, for a total value of $740,160.00. Following the completion of the transaction, the director now directly owns 5,518 shares in the company, valued at $1,589,184. The disclosure for this sale can be found here. Insiders have sold a total of 65,987 shares of company stock valued at $18,836,700 in the last three months. Insiders own 1.52% of the company’s stock.

General Dynamics Company 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.