Trueblood Wealth Management LLC Makes New $540,000 Investment in General Dynamics Co. (NYSE:GD)

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

Several other hedge funds and other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake in 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 during the period. Raleigh Capital Management Inc. boosted its stake in General Dynamics by 2.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock valued at $408,000 after purchasing an additional 42 shares during the period. Alliance Wealth Advisors LLC UT boosted its stake in General Dynamics by 1.6% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 2,706 shares of the aerospace company’s stock valued at $598,000 after purchasing an additional 43 shares during the period. Parkside Financial Bank & Trust boosted its stake in General Dynamics by 2.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,013 shares of the aerospace company’s stock valued at $445,000 after purchasing an additional 44 shares during the period. Finally, PSI Advisors LLC boosted its stake in General Dynamics by 40.4% during the 3rd quarter. PSI Advisors LLC now owns 160 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction dated Friday, January 26th. The stock was 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 in the company, valued at $39,502,023.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Mark C. Roualet sold 73,330 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. 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 note on Monday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $300.00 target price on shares of General Dynamics in a research note on Thursday, January 25th. UBS Group increased their target price on shares of General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Citigroup increased their target price on shares of General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $271.69.

General Dynamics Stock Up 0.2 %

General Dynamics stock traded up $0.59 during trading hours on Thursday, hitting $282.49. The company had a trading volume of 643,932 shares, compared to its average volume of 1,056,017. The firm has a market capitalization of $77.51 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 1.77 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. The firm’s fifty day moving average is $269.65 and its 200-day moving average is $251.54. General Dynamics Co. has a fifty-two week low of $202.35 and a fifty-two week high of $284.75.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing the consensus estimate of $3.68 by ($0.04). The company 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 quarter in the prior year, the company posted $3.58 EPS. On average, research analysts forecast that General Dynamics Co. will post 14.59 earnings per share for the current year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s payout ratio is presently 43.93%.

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.