Lindbrook Capital LLC Has $225,000 Holdings in General Dynamics Co. (NYSE:GD)

Lindbrook Capital LLC grew its holdings in shares of General Dynamics Co. (NYSE:GD) by 21.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 867 shares of the aerospace company’s stock after acquiring an additional 156 shares during the quarter. Lindbrook Capital LLC’s holdings in General Dynamics were worth $225,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Regent Peak Wealth Advisors LLC grew its stake in shares of General Dynamics by 0.4% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock worth $2,812,000 after buying an additional 41 shares during the last quarter. Cornercap Investment Counsel Inc. grew its holdings in shares of General Dynamics by 0.4% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock worth $2,695,000 after purchasing an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake 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 valued at $152,000 after buying an additional 42 shares during the period. Raleigh Capital Management Inc. boosted its position in General Dynamics by 2.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock worth $408,000 after buying an additional 42 shares during the period. Finally, Resonant Capital Advisors LLC grew its holdings in General Dynamics by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,304 shares of the aerospace company’s stock worth $339,000 after acquiring an additional 42 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GD shares. Citigroup lifted their price target on shares of General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Barclays upped their price target on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Susquehanna lifted their price objective on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research note on Friday, April 12th. Wells Fargo & Company increased their target price 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. Finally, The Goldman Sachs Group upped their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $283.80.

General Dynamics Trading Up 0.9 %

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

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS 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 business had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.39 billion. During the same quarter last year, the business posted $3.58 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Research analysts anticipate that General Dynamics Co. will post 14.57 EPS 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. Investors of record on Friday, April 12th will be given a dividend of $1.42 per share. The ex-dividend date is Thursday, April 11th. This represents a $5.68 annualized dividend and a yield of 1.95%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is presently 47.25%.

Insider Buying and Selling

In related news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction that occurred on 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 sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the sale, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 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. 1.60% of the stock is currently owned by corporate insiders.

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.