Syon Capital LLC Purchases 468 Shares of General Dynamics Co. (NYSE:GD)

Syon Capital LLC increased its holdings in shares of General Dynamics Co. (NYSE:GD) by 30.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,026 shares of the aerospace company’s stock after buying an additional 468 shares during the period. Syon Capital LLC’s holdings in General Dynamics were worth $526,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Briaud Financial Planning Inc acquired a new position in General Dynamics in the 3rd quarter valued at $27,000. Impact Partnership Wealth LLC increased its holdings in shares of General Dynamics by 411.5% during 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 period. Wetzel Investment Advisors Inc. acquired a new stake in shares of General Dynamics in the fourth quarter valued at approximately $38,000. Rakuten Securities Inc. bought a new stake in shares of General Dynamics in the fourth quarter valued at approximately $38,000. Finally, Friedenthal Financial acquired a new stake in General Dynamics during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Down 0.2 %

Shares of NYSE:GD opened at $284.41 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. General Dynamics Co. has a 52-week low of $202.35 and a 52-week high of $296.50. The company has a market capitalization of $78.03 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68. The company has a fifty day moving average of $280.86 and a 200-day moving average of $261.71.

General Dynamics (NYSE:GD) last issued its 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 return on equity of 16.48% and a net margin of 7.85%. The firm had revenue of $10.73 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. On average, equities analysts predict that General Dynamics Co. will post 14.56 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a yield of 2.00%. General Dynamics’s dividend payout ratio (DPR) is currently 46.33%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GD. Wells Fargo & Company raised their price target on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Royal Bank of Canada dropped their target price on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday. UBS Group increased their price target 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. The Goldman Sachs Group boosted their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, Alembic Global Advisors downgraded General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $285.63.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction on 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 owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.52% of the company’s stock.

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.