General Dynamics Co. (NYSE:GD) Shares Bought by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. raised its holdings in shares of General Dynamics Co. (NYSE:GD) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,014 shares of the aerospace company’s stock after acquiring an additional 205 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in General Dynamics were worth $3,379,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GD. Briaud Financial Planning Inc purchased a new stake in General Dynamics in the third quarter valued at $27,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of General Dynamics during the fourth quarter worth about $38,000. Rakuten Securities Inc. acquired a new stake in shares of General Dynamics in the 4th quarter valued at about $38,000. Friedenthal Financial purchased a new position in General Dynamics during the 4th quarter worth approximately $45,000. Finally, Operose Advisors LLC acquired a new position in General Dynamics during the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 49,850 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the sale, the chief executive officer now directly owns 768,977 shares in the company, valued at approximately $218,773,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the transaction, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the sale, the vice president now directly owns 103,345 shares in the company, valued at approximately $29,816,065.95. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GD has been the topic of a number of research reports. Citigroup raised their target price on shares of General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Barclays lifted their price objective on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Alembic Global Advisors cut shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price for the company. in a report on Monday, January 29th. UBS Group raised their price target on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Finally, StockNews.com raised General Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $297.06.

General Dynamics Price Performance

GD stock traded up $0.64 on Wednesday, reaching $287.73. 263,682 shares of the company’s stock were exchanged, compared to its average volume of 1,110,123. The stock has a fifty day moving average of $281.59 and a 200-day moving average of $262.72. The firm has a market cap of $78.94 billion, a PE ratio of 23.42, a P/E/G ratio of 1.79 and a beta of 0.68. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a twelve month low of $202.35 and a twelve month high of $296.50.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share 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 company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same period last year, the company earned $2.64 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that General Dynamics Co. will post 14.55 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be issued a $1.42 dividend. The ex-dividend date is Thursday, April 11th. 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 yield of 1.97%. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

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.