Highview Capital Management LLC DE Acquires Shares of 4,192 General Dynamics Co. (NYSE:GD)

Highview Capital Management LLC DE acquired a new stake in General Dynamics Co. (NYSE:GD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,192 shares of the aerospace company's stock, valued at approximately $1,089,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Certified Advisory Corp purchased a new position in shares of General Dynamics during the first quarter valued at approximately $25,000. Briaud Financial Planning Inc purchased a new position in shares of General Dynamics during the third quarter valued at approximately $27,000. Impact Partnership Wealth LLC increased its stake in shares of General Dynamics by 411.5% during the third quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company's stock valued at $29,000 after buying an additional 107 shares during the period. Live Oak Investment Partners purchased a new position in shares of General Dynamics during the fourth quarter valued at approximately $30,000. Finally, Tyler Stone Wealth Management purchased a new position in shares of General Dynamics during the second quarter valued at approximately $30,000. Institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

GD has been the topic of several recent research reports. UBS Group upped their price target on General Dynamics from $286.00 to $296.00 and gave the stock a "neutral" rating in a research note on Monday, January 29th. Alembic Global Advisors cut General Dynamics from an "overweight" rating to a "neutral" rating and set a $296.00 price target on the stock. in a research note on Monday, January 29th. Royal Bank of Canada upped their price target on General Dynamics from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upped their price target on General Dynamics from $291.00 to $322.00 and gave the stock an "overweight" rating in a research note on Thursday, April 4th. Finally, Citigroup increased their target price on General Dynamics from $283.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, January 25th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, General Dynamics has an average rating of "Moderate Buy" and a consensus target price of $281.77.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the sale, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the transaction, the chief executive officer now owns 773,977 shares in the company, valued at approximately $204,569,860.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark C. Roualet sold 73,330 shares of the firm's stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the transaction, the executive vice president now owns 149,205 shares of the company's stock, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

General Dynamics Stock Performance

GD stock traded up $0.31 during trading on Friday, reaching $287.81. The stock had a trading volume of 1,280,348 shares, compared to its average volume of 1,076,720. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The stock's 50 day moving average is $276.88 and its two-hundred day moving average is $256.77. The firm has a market cap of $78.97 billion, a PE ratio of 23.92, a PEG ratio of 1.84 and a beta of 0.68. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $296.50.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts' consensus estimates of $3.68 by ($0.04). The company had revenue of $11.67 billion during the quarter, compared to analysts' expectations of $11.39 billion. General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.58 EPS. As a group, equities analysts anticipate that General Dynamics Co. will post 14.57 earnings per share for the current year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be given a dividend of $1.42 per share. The ex-dividend date is Thursday, April 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.97%. This is a boost from General Dynamics's previous quarterly dividend of $1.32. General Dynamics's dividend payout ratio (DPR) is currently 43.93%.

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.

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