Advyzon Investment Management LLC Buys Shares of 847 General Dynamics Corporation (NYSE:GD)

Key Points

• Advyzon Investment Management LLC acquired a new stake in General Dynamics Corporation, purchasing 847 shares valued at approximately $231,000, in the first quarter.
• General Dynamics recently reported earnings of $3.74 per share, exceeding analyst expectations, with revenue of $13.04 billion for the quarter.
• The company announced a quarterly dividend of $1.50 per share, which reflects a 1.9% dividend yield and a payout ratio of 40.27%.

Advyzon Investment Management LLC bought a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 847 shares of the aerospace company's stock, valued at approximately $231,000.

Several other institutional investors have also modified their holdings of GD. Rialto Wealth Management LLC grew its position in shares of General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after buying an additional 62 shares in the last quarter. Inlight Wealth Management LLC bought a new position in General Dynamics during the 1st quarter worth about $26,000. Copia Wealth Management purchased a new position in General Dynamics during the 4th quarter valued at about $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Dynamics in the 1st quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of General Dynamics during the fourth quarter valued at approximately $28,000. 86.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Mark Lagrand Burns sold 43,860 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $312.28, for a total value of $13,696,600.80. Following the completion of the transaction, the executive vice president directly owned 39,875 shares in the company, valued at approximately $12,452,165. This represents a 52.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leon Rudy F. De sold 5,490 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $312.81, for a total transaction of $1,717,326.90. Following the completion of the sale, the director owned 5,483 shares in the company, valued at approximately $1,715,137.23. This trade represents a 50.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 268,370 shares of company stock valued at $78,408,011 over the last ninety days. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GD. Wolfe Research raised shares of General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price objective on the stock in a research report on Thursday, July 24th. Barclays raised their target price on shares of General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. TD Cowen raised their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Robert W. Baird raised their price target on shares of General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Susquehanna upped their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $315.78.

General Dynamics Price Performance

GD stock traded down $2.31 during mid-day trading on Thursday, reaching $312.68. The company's stock had a trading volume of 954,365 shares, compared to its average volume of 1,283,532. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The company's 50 day moving average is $294.07 and its two-hundred day moving average is $275.16. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $322.50. The stock has a market cap of $84.11 billion, a PE ratio of 20.99, a P/E/G ratio of 1.93 and a beta of 0.48.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%. The firm's revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.26 earnings per share. Equities research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. General Dynamics's payout ratio is 40.27%.

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.