MONECO Advisors LLC Increases Stock Position in General Dynamics Co. (NYSE:GD)

MONECO Advisors LLC grew its stake in shares of General Dynamics Co. (NYSE:GD) by 12.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,869 shares of the aerospace company’s stock after buying an additional 201 shares during the period. MONECO Advisors LLC’s holdings in General Dynamics were worth $485,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GD. Norges Bank acquired a new position in shares of General Dynamics during the 4th quarter valued at $728,284,000. Wellington Management Group LLP lifted its holdings in General Dynamics by 12.0% in the 3rd quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock worth $3,615,185,000 after buying an additional 1,755,276 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in General Dynamics by 10,763.2% in the 4th quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock worth $239,829,000 after buying an additional 915,091 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in General Dynamics by 3,645.4% in the 4th quarter. 1832 Asset Management L.P. now owns 558,586 shares of the aerospace company’s stock worth $145,048,000 after buying an additional 543,672 shares in the last quarter. Finally, FMR LLC lifted its holdings in General Dynamics by 13.7% in the 3rd quarter. FMR LLC now owns 2,293,269 shares of the aerospace company’s stock worth $506,744,000 after buying an additional 275,947 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GD has been the topic of a number of recent analyst reports. StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. The Goldman Sachs Group boosted their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price objective on shares of General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Citigroup boosted their price objective on shares of General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Jefferies Financial Group raised shares of General Dynamics from a “hold” rating to a “buy” rating and boosted their price objective for the company from $305.00 to $335.00 in a research report on Monday, April 29th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $300.63.

General Dynamics Price Performance

Shares of NYSE:GD traded up $2.02 during trading on Monday, reaching $293.80. The company had a trading volume of 225,063 shares, compared to its average volume of 1,040,306. The firm’s fifty day moving average is $292.61 and its 200 day moving average is $274.95. The firm has a market capitalization of $80.61 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.66 and a beta of 0.64. General Dynamics Co. has a twelve month low of $209.25 and a twelve month high of $302.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44.

General Dynamics (NYSE:GD) last issued its quarterly 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 analyst estimates of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.64 earnings per share. On average, equities analysts forecast that General Dynamics Co. will post 14.55 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Friday, July 5th. General Dynamics’s dividend payout ratio is presently 46.33%.

Insider Activity at General Dynamics

In related news, CFO Kimberly A. Kuryea sold 13,344 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the sale, the chief financial officer now directly owns 79,255 shares of the company’s stock, valued at $23,630,670.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Kimberly A. Kuryea sold 13,344 shares of the company’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 sale, the chief financial officer now owns 79,255 shares in the company, valued at approximately $23,630,670.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were 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 of the company’s stock, valued at approximately $218,773,956.50. The disclosure for this sale can be found here. Insiders sold a total of 118,486 shares of company stock valued at $34,391,642 over the last ninety days. Insiders own 1.60% of the company’s stock.

General Dynamics 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.