Cwm LLC Has $20.21 Million Stock Position in General Dynamics Co. (NYSE:GD)

Cwm LLC lowered its stake in General Dynamics Co. (NYSE:GDFree Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 77,815 shares of the aerospace company’s stock after selling 9,572 shares during the period. Cwm LLC’s holdings in General Dynamics were worth $20,206,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Certified Advisory Corp bought a new stake in General Dynamics in the 1st quarter valued at about $25,000. Briaud Financial Planning Inc bought a new stake in General Dynamics in the 3rd quarter valued at about $27,000. Impact Partnership Wealth LLC boosted its holdings in 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 period. Live Oak Investment Partners bought a new stake in General Dynamics in the 4th quarter valued at about $30,000. Finally, Tyler Stone Wealth Management bought a new stake in shares of General Dynamics during the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GD shares. Susquehanna upped their price target on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a report on Friday, April 12th. Alembic Global Advisors cut shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target for the company. in a research report on Monday, January 29th. The Goldman Sachs Group upped their price target on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. UBS Group increased their price objective 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. Finally, Barclays increased their price objective on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Four equities 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.com, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.80.

Get Our Latest Analysis on GD

General Dynamics Stock Up 1.2 %

General Dynamics stock opened at $288.62 on Monday. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. The firm has a market capitalization of $79.19 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 1.83 and a beta of 0.68. The firm’s fifty day moving average price is $279.07 and its two-hundred day moving average price is $260.04. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GDGet Free Report) last released its quarterly 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). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The firm had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.39 billion. During the same period in the previous year, the business earned $3.58 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is 47.25%.

Insider Buying and Selling

In related news, EVP Mark C. Roualet sold 73,330 shares of the firm’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 completion of the sale, the executive vice president now owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics 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 completion of the transaction, the executive vice president now owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics 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 transaction, the chief executive officer now owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

About General Dynamics

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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