General Dynamics Co. (NYSE:GD) Stake Lowered by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC reduced its stake in shares of General Dynamics Co. (NYSE:GD) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,899 shares of the aerospace company’s stock after selling 115 shares during the period. Capital Investment Advisory Services LLC’s holdings in General Dynamics were worth $493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Briaud Financial Planning Inc acquired a new stake in shares of General Dynamics in the 3rd quarter valued at $27,000. Impact Partnership Wealth LLC lifted its stake in shares of General Dynamics by 411.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 107 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of General Dynamics in the 4th quarter valued at $38,000. Rakuten Securities Inc. acquired a new stake in shares of General Dynamics in the 4th quarter valued at $38,000. Finally, Friedenthal Financial acquired a new stake in shares of General Dynamics in the 4th quarter valued at $45,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at General Dynamics

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the sale, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other General Dynamics news, 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 transaction of $19,414,117.50. Following the sale, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the chief executive officer now directly owns 773,977 shares in the company, valued at $204,569,860.87. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

General Dynamics Stock Up 0.9 %

Shares of GD opened at $291.31 on Tuesday. The company has a 50-day simple moving average of $279.51 and a 200-day simple moving average of $260.57. The firm has a market capitalization of $79.93 billion, a P/E ratio of 24.24, a P/E/G ratio of 1.83 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $296.50.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.58 EPS. On average, equities research analysts expect 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 paid a $1.42 dividend. The ex-dividend date is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.95%. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s payout ratio is presently 47.25%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. UBS Group boosted their target price on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Wells Fargo & Company boosted their target price on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Finally, The Goldman Sachs Group boosted their target price on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $283.80.

About General Dynamics

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.