Trueblood Wealth Management LLC Takes Position in General Dynamics Co. (NYSE:GD)

Trueblood Wealth Management LLC bought a new stake in General Dynamics Co. (NYSE:GD) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,079 shares of the aerospace company’s stock, valued at approximately $540,000.

Several other large investors also recently made changes to their positions in GD. EverSource Wealth Advisors LLC grew its position in shares of General Dynamics by 6.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 42 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in 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. Alliance Wealth Advisors LLC UT increased its stake in General Dynamics by 1.6% in the third quarter. Alliance Wealth Advisors LLC UT now owns 2,706 shares of the aerospace company’s stock valued at $598,000 after acquiring an additional 43 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in General Dynamics by 2.2% in the third quarter. Parkside Financial Bank & Trust now owns 2,013 shares of the aerospace company’s stock valued at $445,000 after acquiring an additional 44 shares during the last quarter. Finally, PSI Advisors LLC increased its stake in General Dynamics by 40.4% in the third quarter. PSI Advisors LLC now owns 160 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 46 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Up 0.2 %

Shares of NYSE GD traded up $0.59 during trading hours on Thursday, hitting $282.49. 643,932 shares of the stock were exchanged, compared to its average volume of 1,056,017. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The company has a market cap of $77.51 billion, a PE ratio of 23.45, a PEG ratio of 1.77 and a beta of 0.68. The firm has a fifty day moving average price of $269.65 and a 200-day moving average price of $251.54. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $284.75.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The firm had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.39 billion. General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $3.58 earnings per share. On average, sell-side analysts expect that General Dynamics Co. will post 14.59 EPS for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be given 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 2.01%. The ex-dividend date is Thursday, April 11th. General Dynamics’s dividend payout ratio (DPR) is presently 43.93%.

Insider Buying and Selling

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 shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the completion of the sale, the executive vice president now directly owns 149,205 shares in the company, valued at $39,502,023.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the transaction, 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 can be accessed through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction that occurred on Monday, January 29th. The stock was 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 approximately $204,569,860.87. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on GD. Alembic Global Advisors lowered shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target for the company. in a research report on Monday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $300.00 target price on shares of General Dynamics in a report on Thursday, January 25th. Citigroup raised their price objective on shares of General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. StockNews.com downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Finally, UBS Group raised their price target on shares of General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $271.69.

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.