Bank of New Hampshire Acquires 85 Shares of General Dynamics Co. (NYSE:GD)

Bank of New Hampshire grew its stake in shares of General Dynamics Co. (NYSE:GD) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,722 shares of the aerospace company’s stock after buying an additional 85 shares during the quarter. Bank of New Hampshire’s holdings in General Dynamics were worth $447,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Regent Peak Wealth Advisors LLC grew its stake in General Dynamics by 0.4% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock valued at $2,812,000 after acquiring an additional 41 shares in the last quarter. Cornercap Investment Counsel Inc. raised its position in shares of General Dynamics by 0.4% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock worth $2,695,000 after buying an additional 41 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in General Dynamics by 6.5% during the third quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company’s stock valued at $152,000 after buying an additional 42 shares during the period. Raleigh Capital Management Inc. grew its position in General Dynamics by 2.3% during the third quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock worth $408,000 after buying an additional 42 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its stake in General Dynamics by 3.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,304 shares of the aerospace company’s stock worth $339,000 after acquiring an additional 42 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GD has been the subject of several research reports. UBS Group upped their target price on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. increased their price objective on General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a research report on Thursday. StockNews.com downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Alembic Global Advisors downgraded shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target on the stock. in a research note on Monday, January 29th. Finally, Royal Bank of Canada reduced their target price on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $284.38.

General Dynamics Stock Up 1.3 %

Shares of NYSE:GD traded up $3.79 on Thursday, hitting $284.90. 1,723,332 shares of the company traded hands, compared to its average volume of 1,111,429. The company has a market cap of $78.17 billion, a PE ratio of 23.71, a PEG ratio of 1.86 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 Co. has a 52 week low of $202.35 and a 52 week high of $296.50. The stock has a 50 day simple moving average of $280.26 and a 200-day simple moving average of $261.22.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The business had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the previous year, the business posted $2.64 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts expect that General Dynamics Co. will post 14.56 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a dividend of $1.42 per share. 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 dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, April 11th. General Dynamics’s payout ratio is presently 47.25%.

Insider Buying and Selling

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction on 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 sale, 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 legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the sale, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction 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 disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

About General Dynamics

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.