Cetera Trust Company N.A Invests $48,000 in General Dynamics Co. (NYSE:GD)

Cetera Trust Company N.A bought a new position in shares of General Dynamics Co. (NYSE:GD) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 184 shares of the aerospace company’s stock, valued at approximately $48,000.

Other institutional investors have also modified their holdings of the company. Criterion Capital Advisors LLC purchased a new position in General Dynamics in the 4th quarter worth approximately $49,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of General Dynamics by 2.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,545 shares of the aerospace company’s stock valued at $5,595,000 after acquiring an additional 485 shares in the last quarter. Signaturefd LLC raised its position in shares of General Dynamics by 10.1% during the 4th quarter. Signaturefd LLC now owns 4,560 shares of the aerospace company’s stock valued at $1,184,000 after acquiring an additional 417 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of General Dynamics by 5.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 7,820 shares of the aerospace company’s stock valued at $2,031,000 after acquiring an additional 438 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in General Dynamics by 21.9% in the fourth quarter. Lindbrook Capital LLC now owns 867 shares of the aerospace company’s stock worth $225,000 after buying an additional 156 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on GD. The Goldman Sachs Group increased their target price on General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. StockNews.com cut General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Alembic Global Advisors cut General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target for the company. in a research note on Monday, January 29th. Barclays increased their price target on General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Citigroup increased their price target on General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $283.80.

General Dynamics Stock Up 0.9 %

Shares of General Dynamics stock opened at $291.31 on Tuesday. The stock has a 50-day moving average price of $279.51 and a 200 day moving average price of $260.57. The company has a market cap 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 current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $296.50.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). The business 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 firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.58 earnings per share. As a group, analysts expect that General Dynamics Co. will post 14.57 EPS for the current fiscal year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.95%. General Dynamics’s dividend payout ratio (DPR) is 47.25%.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $264.75, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the 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 transaction, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

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.