General Dynamics Co. (NYSE:GD) Stock Holdings Increased by SVB Wealth LLC

SVB Wealth LLC increased its holdings in General Dynamics Co. (NYSE:GD) by 33.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,675 shares of the aerospace company’s stock after purchasing an additional 666 shares during the quarter. SVB Wealth LLC’s holdings in General Dynamics were worth $695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GD. Regent Peak Wealth Advisors LLC increased its position in shares of General Dynamics by 0.4% in the fourth 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 in the last quarter. Cornercap Investment Counsel Inc. increased its position in shares of General Dynamics by 0.4% in the fourth 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 in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of General Dynamics by 6.5% in the third quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company’s stock worth $152,000 after acquiring an additional 42 shares in the last quarter. Raleigh Capital Management Inc. grew its position in General Dynamics by 2.3% during the third quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock valued at $408,000 after purchasing an additional 42 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT grew its position in General Dynamics by 1.6% during the third quarter. Alliance Wealth Advisors LLC UT now owns 2,706 shares of the aerospace company’s stock valued at $598,000 after purchasing an additional 43 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Citigroup boosted their price objective on shares of General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Wells Fargo & Company boosted their price objective on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Barclays boosted their price objective on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Alembic Global Advisors downgraded shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective on the stock. in a research report on Monday, January 29th. Finally, StockNews.com downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $283.80.

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

General Dynamics Stock Performance

GD stock opened at $288.74 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $79.22 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 1.81 and a beta of 0.68. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $296.50. The firm has a 50 day moving average of $279.07 and a two-hundred day moving average of $259.49.

General Dynamics (NYSE:GD) last issued its quarterly earnings data 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). 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 analyst estimates of $11.39 billion. During the same quarter in the previous year, the firm posted $3.58 earnings per share. General Dynamics’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts anticipate that General Dynamics Co. will post 14.57 EPS for the current fiscal year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.97%. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. General Dynamics’s payout ratio is presently 47.25%.

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.