Community Bank & Trust Waco Texas Boosts Holdings in General Dynamics Co. (NYSE:GD)

Community Bank & Trust Waco Texas grew its position in General Dynamics Co. (NYSE:GD) by 8.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,397 shares of the aerospace company’s stock after buying an additional 1,431 shares during the period. General Dynamics makes up about 1.4% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 28th largest holding. Community Bank & Trust Waco Texas’ holdings in General Dynamics were worth $5,037,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GD. Briaud Financial Planning Inc bought a new position in shares of General Dynamics during the third quarter valued at approximately $27,000. Impact Partnership Wealth LLC boosted its position in General Dynamics by 411.5% during the third quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 107 shares during the last quarter. Rakuten Securities Inc. acquired a new position in General Dynamics in the 4th quarter valued at about $38,000. Wetzel Investment Advisors Inc. purchased a new position in shares of General Dynamics during the 4th quarter worth approximately $38,000. Finally, Operose Advisors LLC purchased a new position in General Dynamics in the 3rd quarter valued at approximately $40,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GD. Susquehanna raised their target price on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Royal Bank of Canada increased their target price on shares of General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Barclays lifted their target price on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Wells Fargo & Company upped their price objective on General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Alembic Global Advisors lowered shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a research note on Monday, January 29th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $283.80.

Insider Buying and Selling

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the sale, the chief executive officer now owns 773,977 shares in the company, valued at approximately $204,569,860.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the sale, the chief executive officer now directly owns 773,977 shares in the company, valued at $204,569,860.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

General Dynamics Stock Performance

NYSE:GD traded down $16.12 during trading hours on Wednesday, hitting $276.60. 1,391,359 shares of the company were exchanged, compared to its average volume of 1,069,470. The company’s 50 day moving average price is $280.02 and its 200-day moving average price is $261.08. General Dynamics Co. has a 52-week low of $202.35 and a 52-week high of $296.50. The stock has a market capitalization of $75.89 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.85 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.04). The business had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.58 earnings per share. As a group, research analysts forecast that General Dynamics Co. will post 14.56 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.05%. 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 47.25%.

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.