Tyche Wealth Partners LLC Makes New $1.21 Million Investment in General Dynamics Co. (NYSE:GD)

Tyche Wealth Partners LLC acquired a new position in General Dynamics Co. (NYSE:GD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,676 shares of the aerospace company's stock, valued at approximately $1,214,000.

Other institutional investors have also added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC increased its stake in General Dynamics by 0.4% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company's stock worth $2,812,000 after acquiring an additional 41 shares during the last quarter. Cornercap Investment Counsel Inc. increased its stake in General Dynamics by 0.4% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company's stock worth $2,695,000 after acquiring an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in General Dynamics by 6.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company's stock worth $152,000 after acquiring an additional 42 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in General Dynamics by 2.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company's stock worth $408,000 after acquiring an additional 42 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT increased its stake in General Dynamics by 1.6% in the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 2,706 shares of the aerospace company's stock worth $598,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 32,355 shares of the business's stock in a transaction on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the transaction, the chief executive officer now directly owns 773,977 shares of the company's stock, valued at approximately $204,569,860.87. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Phebe N. Novakovic sold 32,355 shares of the company's 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 transaction, the chief executive officer now directly owns 773,977 shares of the company's stock, valued at approximately $204,569,860.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark C. Roualet sold 73,330 shares of the company's stock in a transaction dated 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 directly owns 149,205 shares in the company, valued at $39,502,023.75. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GD. The Goldman Sachs Group lifted their target price on General Dynamics from $253.00 to $284.00 and gave the stock a "neutral" rating in a report on Tuesday. UBS Group lifted their target price on General Dynamics from $286.00 to $296.00 and gave the stock a "neutral" rating in a report on Monday, January 29th. Royal Bank of Canada lifted their target price on General Dynamics from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, April 2nd. Wells Fargo & Company lifted their target price on General Dynamics from $291.00 to $322.00 and gave the stock an "overweight" rating in a report on Thursday, April 4th. Finally, Alembic Global Advisors cut General Dynamics from an "overweight" rating to a "neutral" rating and set a $296.00 target price for the company. in a report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $283.80.

General Dynamics Stock Up 0.2 %

Shares of GD stock traded up $0.46 during mid-day trading on Tuesday, hitting $285.21. The stock had a trading volume of 1,388,502 shares, compared to its average volume of 1,078,839. General Dynamics Co. has a 12-month low of $202.35 and a 12-month high of $296.50. The firm has a market capitalization of $78.25 billion, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 1.83 and a beta of 0.68. The firm's 50-day moving average is $277.72 and its two-hundred day moving average is $258.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92.

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

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.99%. This is a positive change from General Dynamics's previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. General Dynamics's payout ratio is presently 47.25%.

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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