Bfsg LLC Cuts Stake in General Dynamics Co. (NYSE:GD)

Bfsg LLC lowered its position in shares of General Dynamics Co. (NYSE:GD) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,671 shares of the aerospace company’s stock after selling 354 shares during the period. Bfsg LLC’s holdings in General Dynamics were worth $5,887,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GD. Briaud Financial Planning Inc bought a new position in shares of General Dynamics during the 3rd quarter valued at $27,000. Impact Partnership Wealth LLC boosted its position in General Dynamics by 411.5% in the third quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 107 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in shares of General Dynamics during the 4th quarter valued at about $38,000. Wetzel Investment Advisors Inc. purchased a new position in shares of General Dynamics in the fourth quarter worth approximately $38,000. Finally, Operose Advisors LLC bought a new stake in General Dynamics during the third quarter valued at approximately $40,000. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GD has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on shares of General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Susquehanna upped their price target on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. Citigroup boosted their price objective on General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Barclays increased their target price on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, Wells Fargo & Company lifted their price target on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $283.80.

General Dynamics Price Performance

Shares of GD traded up $2.63 during mid-day trading on Thursday, hitting $283.74. 442,643 shares of the stock were exchanged, compared to its average volume of 1,095,669. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. The company has a market cap of $77.85 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.86 and a beta of 0.68. General Dynamics Co. has a 52-week low of $202.35 and a 52-week high of $296.50. The firm has a 50-day moving average of $280.26 and a two-hundred day moving average of $261.22.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same period in the previous year, the company earned $2.64 EPS. General Dynamics’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts predict 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 paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.00%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. General Dynamics’s dividend payout ratio (DPR) is presently 47.25%.

Insider Activity at General Dynamics

In related news, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction 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 approximately $204,569,860.87. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’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 completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction on Friday, January 26th. The shares were 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 in the company, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

General Dynamics Company 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.