General Dynamics Co. (NYSE:GD) Shares Sold by Inceptionr LLC

Inceptionr LLC trimmed its position in General Dynamics Co. (NYSE:GD) by 81.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 813 shares of the aerospace company’s stock after selling 3,652 shares during the period. Inceptionr LLC’s holdings in General Dynamics were worth $211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC lifted its stake in General Dynamics by 0.4% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock worth $2,812,000 after purchasing an additional 41 shares during the period. Cornercap Investment Counsel Inc. lifted its stake in General Dynamics by 0.4% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock worth $2,695,000 after purchasing an additional 41 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of General Dynamics by 6.5% in the third quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company’s stock valued at $152,000 after acquiring an additional 42 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in shares of General Dynamics by 2.3% in the third quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock valued at $408,000 after acquiring an additional 42 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its stake in shares of General Dynamics by 3.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,304 shares of the aerospace company’s stock valued at $339,000 after acquiring an additional 42 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Performance

Shares of General Dynamics stock traded up $1.02 during trading on Friday, hitting $296.77. 176,956 shares of the stock were exchanged, compared to its average volume of 1,082,403. The stock has a market capitalization of $81.42 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.84 and a beta of 0.67. The company has a fifty day moving average price of $286.21 and a 200-day moving average price of $266.89. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $297.88. 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 (NYSE:GD) last announced its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS 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 company had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter last year, the company posted $2.64 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that General Dynamics Co. will post 14.55 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 12th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Thursday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is presently 46.33%.

Insider Transactions at General Dynamics

In other news, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were 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 of the company’s stock, valued at approximately $29,816,065.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Phebe N. Novakovic sold 49,850 shares of the 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 transaction, the chief executive officer now owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the completion of the transaction, the vice president now directly owns 103,345 shares of the company’s stock, valued at approximately $29,816,065.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,053 shares of company stock valued at $26,827,518. Company insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GD. Argus lifted their target price on shares of General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Jefferies Financial Group raised shares of General Dynamics from a “hold” rating to a “buy” rating and raised their price target for the company from $305.00 to $335.00 in a report on Monday, April 29th. 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 report on Thursday, April 4th. Citigroup lifted their target price on shares of General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Royal Bank of Canada lowered their target price on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $300.53.

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.