Crux Wealth Advisors Acquires New Position in General Dynamics Co. (NYSE:GD)

Crux Wealth Advisors acquired a new position in shares of General Dynamics Co. (NYSE:GD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,276 shares of the aerospace company's stock, valued at approximately $336,000.

Other large investors also recently added to or reduced their stakes in the company. 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. Sugar Maple Asset Management LLC purchased a new stake in shares of General Dynamics during the 4th quarter valued at approximately $28,000. Finally, Heck Capital Advisors LLC acquired a new position in General Dynamics in the fourth quarter valued at approximately $28,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GD shares. JPMorgan Chase & Co. decreased their price target on General Dynamics from $307.00 to $284.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Morgan Stanley lowered shares of General Dynamics from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $315.00 to $305.00 in a research note on Wednesday. Wells Fargo & Company reduced their price target on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. William Blair lowered General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Finally, Susquehanna lifted their target price on General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, General Dynamics presently has a consensus rating of "Hold" and a consensus price target of $294.47.

General Dynamics Stock Down 0.3 %

General Dynamics stock traded down $0.93 during mid-day trading on Friday, hitting $275.70. The company had a trading volume of 1,721,990 shares, compared to its average volume of 1,357,567. The stock has a market cap of $73.99 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.69 and a beta of 0.43. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 1 year low of $239.20 and a 1 year high of $316.90. The business has a fifty day moving average of $261.16 and a 200 day moving average of $273.30.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, sell-side analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a yield of 2.18%. This is a boost from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's payout ratio is currently 43.99%.

Insider Transactions at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the transaction, the director now owns 11,175 shares in the company, valued at $2,857,224. The trade was a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the sale, the senior vice president now directly owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. This represents a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.52% of the company's stock.

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.