CreativeOne Wealth LLC Purchases New Shares in General Dynamics Co. (NYSE:GD)

CreativeOne Wealth LLC acquired a new position in General Dynamics Co. (NYSE:GDFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,329 shares of the aerospace company’s stock, valued at approximately $345,000.

A number of other institutional investors have also recently bought and sold shares of GD. MeadowBrook Investment Advisors LLC acquired a new position in General Dynamics in the fourth quarter valued at about $25,000. Rakuten Securities Inc. bought a new stake in shares of General Dynamics during the 4th quarter worth approximately $38,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $38,000. Operose Advisors LLC bought a new position in General Dynamics in the third quarter valued at approximately $40,000. Finally, Rational Advisors LLC bought a new position in General Dynamics in the third quarter valued at approximately $42,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 1.0 %

Shares of NYSE:GD traded up $3.10 during trading on Friday, reaching $299.62. 784,155 shares of the stock were exchanged, compared to its average volume of 962,608. The stock has a fifty day moving average of $289.09 and a two-hundred day moving average of $269.22. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $301.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87. The firm has a market cap of $82.20 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.69 and a beta of 0.67.

General Dynamics (NYSE:GDGet Free Report) last posted its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). The company had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.26 billion. General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The firm’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 earned $2.64 EPS. Research analysts anticipate that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 12th were paid a $1.42 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Thursday, April 11th. General Dynamics’s payout ratio is currently 46.33%.

Insider Transactions at General Dynamics

In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the sale, the chief financial officer now owns 79,255 shares in the company, valued at $23,630,670.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Kimberly A. Kuryea sold 13,344 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total value of $3,978,647.04. Following the completion of the transaction, the chief financial officer now directly owns 79,255 shares in the company, valued at $23,630,670.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leon Rudy F. De sold 2,570 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $288.00, for a total transaction of $740,160.00. Following the sale, the director now directly owns 5,518 shares in the company, valued at approximately $1,589,184. The disclosure for this sale can be found here. Insiders sold 118,486 shares of company stock worth $34,391,642 over the last quarter. Corporate insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GD shares. Susquehanna lifted their price target on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Jefferies Financial Group raised shares of General Dynamics from a “hold” rating to a “buy” rating and increased their target price for the stock from $305.00 to $335.00 in a report on Monday, April 29th. Argus lifted their price target on shares of General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a report on Monday, April 29th. The Goldman Sachs Group upped their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Finally, UBS Group raised their target price 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. Five investment analysts have rated the stock with a hold rating and eleven have given 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 a consensus target price of $300.63.

View Our Latest Research Report on GD

General Dynamics Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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