Gen Wealth Partners Inc Boosts Stock Position in General Dynamics Co. (NYSE:GD)

Gen Wealth Partners Inc increased its stake in shares of General Dynamics Co. (NYSE:GD) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,499 shares of the aerospace company’s stock after buying an additional 77 shares during the quarter. Gen Wealth Partners Inc’s holdings in General Dynamics were worth $658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Financial Life Planners purchased a new stake in shares of General Dynamics in the fourth quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new stake in shares of General Dynamics in the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $26,000. Heck Capital Advisors LLC purchased a new stake in shares of General Dynamics during the 4th quarter valued at approximately $28,000. Finally, Hoey Investments Inc. acquired a new position in General Dynamics in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. TD Securities lifted their target price on General Dynamics from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Citigroup decreased their target price on shares of General Dynamics from $335.00 to $330.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Baird R W downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. William Blair cut shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Finally, Argus set a $295.00 target price on General Dynamics in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $293.00.

General Dynamics Trading Down 0.1 %

Shares of NYSE:GD opened at $271.61 on Friday. General Dynamics Co. has a 52 week low of $239.20 and a 52 week high of $316.90. The company’s 50 day moving average is $268.82 and its two-hundred day moving average is $269.96. The company has a market cap of $72.90 billion, a PE ratio of 19.91, a P/E/G ratio of 1.69 and a beta of 0.49. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.43 by $0.23. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. General Dynamics’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.88 earnings per share. Equities analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 11th were paid a $1.50 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a yield of 2.21%. The ex-dividend date was Friday, April 11th. General Dynamics’s dividend payout ratio is currently 41.61%.

Insiders Place Their Bets

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the sale, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by corporate 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.