Total Wealth Planning & Management Inc. Takes $459,000 Position in General Dynamics Corporation (NYSE:GD)

Total Wealth Planning & Management Inc. bought a new position in General Dynamics Corporation (NYSE:GD - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,683 shares of the aerospace company's stock, valued at approximately $459,000.

Several other institutional investors also recently modified their holdings of GD. Rialto Wealth Management LLC grew its holdings in General Dynamics by 213.8% in the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after purchasing an additional 62 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of General Dynamics in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in General Dynamics during the 4th quarter valued at approximately $26,000. Inlight Wealth Management LLC purchased a new position in General Dynamics during the first quarter valued at $26,000. Finally, Copia Wealth Management bought a new stake in General Dynamics in the fourth quarter worth $27,000. 86.14% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Phebe N. Novakovic sold 7,639 shares of General Dynamics stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $280.44, for a total transaction of $2,142,281.16. Following the transaction, the chief executive officer now directly owns 769,607 shares of the company's stock, valued at $215,828,587.08. The trade was a 0.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

GD has been the subject of several analyst reports. Morgan Stanley reduced their price target on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a report on Wednesday. TD Securities increased their price target on shares of General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Susquehanna boosted their price objective on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a report on Wednesday, April 2nd. Finally, Argus set a $295.00 price objective on General Dynamics in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $290.24.

General Dynamics Stock Up 2.0%

GD stock opened at $291.63 on Friday. The company has a market cap of $78.27 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 1.92 and a beta of 0.46. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.34. The business's 50-day moving average is $276.24 and its two-hundred day moving average is $266.91. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.23. The firm had revenue of $12.22 billion for the quarter, compared to analysts' expectations of $11.92 billion. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. The business's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.88 EPS. As a group, analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's dividend payout ratio is presently 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.

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