General Dynamics Co. (NYSE:GD) Shares Bought by Gen Wealth Partners Inc

Gen Wealth Partners Inc lifted its holdings in shares of General Dynamics Co. (NYSE:GD) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,499 shares of the aerospace company’s stock after buying an additional 77 shares during the period. Gen Wealth Partners Inc’s holdings in General Dynamics were worth $658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in shares of General Dynamics by 15.3% in the fourth quarter. Empowered Funds LLC now owns 9,689 shares of the aerospace company’s stock valued at $2,553,000 after acquiring an additional 1,283 shares in the last quarter. Kentucky Trust Co purchased a new stake in General Dynamics in the 4th quarter valued at approximately $607,000. Hickory Point Bank & Trust acquired a new position in General Dynamics during the 4th quarter worth approximately $692,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of General Dynamics by 69.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 261,992 shares of the aerospace company’s stock worth $69,032,000 after buying an additional 107,095 shares in the last quarter. Finally, Atlas Legacy Advisors LLC acquired a new stake in shares of General Dynamics in the 4th quarter valued at approximately $550,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GD. Argus set a $295.00 price objective on General Dynamics in a report on Tuesday. The Goldman Sachs Group lowered their price target on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a research note on Tuesday, January 28th. TD Cowen reduced their price objective on shares of General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. TD Securities upped their target price on shares of General Dynamics from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Finally, Susquehanna lifted their price target on shares of General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $293.00.

Insider Buying and Selling

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the transaction, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. This trade represents a 37.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

General Dynamics Price Performance

General Dynamics stock opened at $271.61 on Friday. The stock has a market capitalization of $72.90 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.69 and a beta of 0.49. General Dynamics Co. has a 12-month low of $239.20 and a 12-month high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The firm’s 50-day moving average is $268.82 and its two-hundred day moving average is $269.96.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.43 by $0.23. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. During the same period in the prior year, the firm posted $2.88 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.21%. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date was Friday, April 11th. General Dynamics’s payout ratio is presently 41.61%.

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.