Total Wealth Planning & Management Inc. Makes New $553,000 Investment in General Dynamics Corporation $GD

Total Wealth Planning & Management Inc. bought a new position in shares of General Dynamics Corporation (NYSE:GD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,643 shares of the aerospace company’s stock, valued at approximately $553,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GD. AQR Capital Management LLC lifted its holdings in General Dynamics by 118.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock worth $567,372,000 after buying an additional 901,679 shares during the period. Northern Trust Corp lifted its holdings in General Dynamics by 35.0% during the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock worth $1,136,525,000 after buying an additional 863,392 shares during the period. Vanguard Group Inc. lifted its holdings in General Dynamics by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock worth $8,265,349,000 after buying an additional 677,665 shares during the period. Balyasny Asset Management L.P. lifted its holdings in General Dynamics by 831.1% during the 3rd quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company’s stock worth $251,405,000 after buying an additional 658,081 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in General Dynamics by 6,680.8% during the 4th quarter. SG Americas Securities LLC now owns 591,488 shares of the aerospace company’s stock worth $199,130,000 after buying an additional 582,765 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In related news, EVP Mark Lagrand Burns sold 36,480 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the sale, the executive vice president directly owned 38,975 shares of the company’s stock, valued at $13,457,677.75. The trade was a 48.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total value of $1,350,016.50. Following the completion of the sale, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $15,825,134.50. The trade was a 7.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 119,600 shares of company stock valued at $41,650,580 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on GD shares. DA Davidson cut their target price on General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Morgan Stanley lifted their target price on General Dynamics from $410.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Wall Street Zen downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. BNP Paribas Exane cut their target price on General Dynamics from $430.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Finally, Argus boosted their price objective on General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $387.40.

General Dynamics Stock Up 1.5%

Shares of NYSE:GD opened at $341.93 on Friday. The company has a market capitalization of $92.47 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 2.09 and a beta of 0.34. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.90. The business’s 50-day moving average is $340.22 and its 200-day moving average is $346.30. General Dynamics Corporation has a 1 year low of $268.10 and a 1 year high of $369.70.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. The company had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $12.70 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.66 EPS. Equities research analysts predict that General Dynamics Corporation will post 16.62 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, July 2nd. General Dynamics’s payout ratio is currently 40.03%.

About General Dynamics

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.