Wealth Enhancement Advisory Services LLC Has $55.31 Million Position in General Dynamics Co. (NYSE:GD)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 35.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 209,893 shares of the aerospace company's stock after acquiring an additional 54,996 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.08% of General Dynamics worth $55,305,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of General Dynamics during the 4th quarter worth about $279,582,000. Raymond James Financial Inc. purchased a new stake in shares of General Dynamics during the 4th quarter worth about $197,238,000. Vanguard Group Inc. raised its stake in shares of General Dynamics by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock valued at $6,265,813,000 after acquiring an additional 706,317 shares in the last quarter. Capital Research Global Investors raised its stake in shares of General Dynamics by 7.4% in the 4th quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company's stock valued at $1,774,381,000 after acquiring an additional 463,497 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its stake in shares of General Dynamics by 6,387.2% in the 4th quarter. Voloridge Investment Management LLC now owns 401,236 shares of the aerospace company's stock valued at $105,722,000 after acquiring an additional 395,051 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wells Fargo & Company cut their price objective on 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. Argus set a $295.00 price objective on General Dynamics in a research note on Tuesday, May 6th. UBS Group lifted their price target on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research report on Thursday, April 24th. Finally, TD Securities lifted their price objective on General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, General Dynamics has an average rating of "Hold" and an average price target of $293.00.

Insider Activity at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's 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 approximately $12,297,195.12. The trade was a 37.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

General Dynamics Price Performance

Shares of General Dynamics stock traded down $2.81 during trading on Monday, reaching $275.68. The company's stock had a trading volume of 1,001,640 shares, compared to its average volume of 1,379,184. The stock has a 50-day moving average price of $272.36 and a two-hundred day moving average price of $266.70. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a one year low of $239.20 and a one year high of $316.90. The stock has a market capitalization of $73.99 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.43 by $0.23. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The business had revenue of $12.22 billion during the quarter, compared to analysts' expectations of $11.92 billion. During the same period in the previous year, the business posted $2.88 earnings per share. The firm's revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from General Dynamics's previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, April 11th. General Dynamics's payout ratio is currently 41.61%.

General Dynamics 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.