Summit Trail Advisors LLC Acquires 166 Shares of General Dynamics Co. (NYSE:GD)

Summit Trail Advisors LLC lifted its holdings in General Dynamics Co. (NYSE:GD) by 12.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,531 shares of the aerospace company’s stock after buying an additional 166 shares during the quarter. Summit Trail Advisors LLC’s holdings in General Dynamics were worth $398,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Briaud Financial Planning Inc bought a new position in General Dynamics in the 3rd quarter valued at $27,000. Rakuten Securities Inc. acquired a new stake in General Dynamics in the fourth quarter worth about $38,000. Wetzel Investment Advisors Inc. bought a new stake in General Dynamics during the 4th quarter worth about $38,000. Operose Advisors LLC bought a new position in shares of General Dynamics in the 3rd quarter valued at about $40,000. Finally, Rational Advisors LLC acquired a new stake in shares of General Dynamics during the 3rd quarter worth approximately $42,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

General Dynamics stock opened at $293.05 on Wednesday. The stock’s fifty day moving average price is $283.23 and its two-hundred day moving average price is $264.48. The firm has a market cap of $80.40 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 1.80 and a beta of 0.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87. General Dynamics Co. has a one year low of $202.35 and a one year high of $296.50.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the prior year, the company earned $2.64 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts expect that General Dynamics Co. will post 14.55 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently declared 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 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. This represents a $5.68 annualized dividend and a dividend yield of 1.94%. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Insider Buying and Selling

In other news, Director Leon Rudy F. De sold 2,570 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $288.00, for a total value of $740,160.00. Following the completion of the transaction, the director now owns 5,518 shares of the company’s stock, valued at $1,589,184. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Leon Rudy F. De sold 2,570 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $288.00, for a total value of $740,160.00. Following the completion of the transaction, the director now directly owns 5,518 shares in the company, valued at approximately $1,589,184. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the transaction, the vice president now directly owns 103,345 shares of the company’s stock, valued at approximately $29,816,065.95. The disclosure for this sale can be found here. Insiders sold a total of 65,987 shares of company stock worth $18,836,700 in the last ninety days. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on GD shares. Argus lifted their target price on shares of General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Alembic Global Advisors cut 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. Jefferies Financial Group raised General Dynamics from a “hold” rating to a “buy” rating and upped their price target for the company from $305.00 to $335.00 in a research note on Monday, April 29th. StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company increased their target price on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $300.53.

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.