4WEALTH Advisors Inc. Purchases New Holdings in General Dynamics Co. (NYSE:GD)

4WEALTH Advisors Inc. acquired a new stake in shares of General Dynamics Co. (NYSE:GD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,293 shares of the aerospace company's stock, valued at approximately $341,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GD. South Plains Financial Inc. purchased a new stake in General Dynamics during the fourth quarter worth $1,057,000. Arrow Financial Corp grew its position in shares of General Dynamics by 0.9% during the 4th quarter. Arrow Financial Corp now owns 6,520 shares of the aerospace company's stock valued at $1,718,000 after acquiring an additional 61 shares during the period. Cypress Advisory Group LLC purchased a new position in shares of General Dynamics in the 4th quarter valued at about $857,000. Sulzberger Capital Advisors Inc. purchased a new position in General Dynamics during the fourth quarter worth approximately $602,000. Finally, Widmann Financial Services Inc. acquired a new stake in General Dynamics in the fourth quarter valued at approximately $219,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GD. Morgan Stanley dropped their price target on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada decreased their price target on shares of General Dynamics from $290.00 to $280.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 30th. UBS Group boosted their price objective on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Citigroup lowered their price target on General Dynamics from $335.00 to $330.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. reduced their price objective on General Dynamics from $307.00 to $284.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, General Dynamics has a consensus rating of "Hold" and a consensus target price of $292.88.

Insider Activity

In other General Dynamics 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 completion of the sale, the senior vice president now directly owns 45,192 shares of the company's stock, valued at $12,297,195.12. The trade was a 37.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company's stock.

General Dynamics Trading Down 0.3 %

GD traded down $0.93 on Monday, hitting $272.11. The company had a trading volume of 1,156,505 shares, compared to its average volume of 1,365,191. General Dynamics Co. has a 1 year low of $239.20 and a 1 year high of $316.90. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The company's fifty day moving average price is $266.84 and its 200 day moving average price is $270.70. The firm has a market cap of $73.03 billion, a P/E ratio of 19.95, a PEG ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.88 earnings per share. As a group, equities analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be given 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 2.21%. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio (DPR) is currently 41.61%.

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.