LifePlan Financial LLC Invests $429,000 in General Dynamics Co. (NYSE:GD)

LifePlan Financial LLC purchased a new position in shares of General Dynamics Co. (NYSE:GDFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,654 shares of the aerospace company’s stock, valued at approximately $429,000.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in General Dynamics during the 4th quarter valued at approximately $607,393,000. Wellington Management Group LLP raised 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 valued at $3,615,185,000 after acquiring an additional 1,755,276 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in General Dynamics by 484.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,749,729 shares of the aerospace company’s stock valued at $399,306,000 after acquiring an additional 1,450,213 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in General Dynamics by 91,832.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,386,337 shares of the aerospace company’s stock valued at $343,964,000 after acquiring an additional 1,384,829 shares in the last quarter. Finally, International Assets Investment Management LLC raised 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 valued at $239,829,000 after acquiring an additional 915,091 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other General Dynamics 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 value of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 completion of the transaction, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

General Dynamics Price Performance

GD stock traded down $3.19 during midday trading on Monday, reaching $284.68. 976,521 shares of the company’s stock traded hands, compared to its average volume of 1,074,553. The company has a 50-day simple moving average of $277.33 and a two-hundred day simple moving average of $257.78. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. The company has a market cap of $78.11 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.83 and a beta of 0.68. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GDGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. During the same period in the prior year, the business earned $3.58 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts anticipate that General Dynamics Co. will post 14.57 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.00%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. General Dynamics’s dividend payout ratio (DPR) is presently 47.25%.

Wall Street Analysts Forecast Growth

GD has been the subject of several recent research reports. Wells Fargo & Company upped their price target on General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. UBS Group upped their price target on General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Barclays upped their price target on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Monday. StockNews.com cut General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. Finally, Susquehanna increased their target price on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a report on Friday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.79.

View Our Latest Research Report on General Dynamics

General Dynamics Company 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.

Featured Stories

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

Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.