17,427 Shares in General Dynamics Corporation $GD Bought by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) in the 4th quarter, HoldingsChannel reports. The fund purchased 17,427 shares of the aerospace company’s stock, valued at approximately $5,867,000.

Several other institutional investors and hedge funds also recently modified their holdings of GD. Dunhill Financial LLC raised its holdings in shares of General Dynamics by 620.0% during the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of General Dynamics during the third quarter valued at approximately $25,000. Dagco Inc. acquired a new position in shares of General Dynamics during the fourth quarter worth $25,000. Burkett Financial Services LLC boosted its stake in shares of General Dynamics by 650.0% in the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. Finally, Steph & Co. increased its stake in General Dynamics by 65.2% during the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In related news, CEO Phebe N. Novakovic sold 32,918 shares of General Dynamics stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the sale, the chief executive officer directly owned 766,457 shares in the company, valued at $271,394,759.13. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the completion of the transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at $15,825,134.50. This represents a 7.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 119,600 shares of company stock valued at $41,650,580 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Price Performance

Shares of GD opened at $341.93 on Friday. General Dynamics Corporation has a 12 month low of $268.10 and a 12 month high of $369.70. 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 stock has a fifty day moving average price of $340.22 and a 200 day moving average price of $346.30. The company has a market cap of $92.47 billion, a P/E ratio of 21.52, a PEG ratio of 2.09 and a beta of 0.34.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.67 by $0.43. The business had revenue of $13.48 billion during the quarter, compared to analyst estimates of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.66 earnings per share. On average, research analysts forecast that General Dynamics Corporation will post 16.62 earnings per share for the current year.

General Dynamics Announces Dividend

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 given a dividend of $1.59 per share. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 annualized dividend and a dividend yield of 1.9%. General Dynamics’s payout ratio is currently 40.03%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings lowered General Dynamics from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reduced their target price on General Dynamics from $387.00 to $377.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. The Goldman Sachs Group cut their price target on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a report on Monday, May 4th. Morgan Stanley increased their price target on shares of General Dynamics from $410.00 to $435.00 and gave the stock an “overweight” rating in a research 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 report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.40.

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.