GeoWealth Management LLC Has $453,000 Holdings in General Dynamics Co. (NYSE:GD)

GeoWealth Management LLC grew its holdings in General Dynamics Co. (NYSE:GD) by 17.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,720 shares of the aerospace company’s stock after buying an additional 260 shares during the period. GeoWealth Management LLC’s holdings in General Dynamics were worth $453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC boosted its position in General Dynamics by 15.3% during the fourth quarter. Empowered Funds LLC now owns 9,689 shares of the aerospace company’s stock worth $2,553,000 after purchasing an additional 1,283 shares during the period. Kentucky Trust Co bought a new stake in shares of General Dynamics during the 4th quarter worth about $607,000. Hickory Point Bank & Trust acquired a new position in General Dynamics in the 4th quarter valued at about $692,000. Wealth Enhancement Advisory Services LLC raised its holdings in General Dynamics by 69.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 261,992 shares of the aerospace company’s stock valued at $69,032,000 after acquiring an additional 107,095 shares during the period. Finally, Atlas Legacy Advisors LLC acquired a new stake in General Dynamics during the fourth quarter worth approximately $550,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Price Performance

Shares of GD opened at $272.99 on Tuesday. The business has a 50-day simple moving average of $261.97 and a two-hundred day simple moving average of $272.50. General Dynamics Co. has a 12-month low of $239.20 and a 12-month high of $316.90. The stock has a market cap of $73.27 billion, a PE ratio of 20.01, a PEG ratio of 1.69 and a beta of 0.43. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s payout ratio is 43.99%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group lowered their target price on General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Robert W. Baird reissued a “neutral” rating and set a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. TD Cowen decreased their price target on shares of General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. Citigroup dropped their price objective on shares of General Dynamics from $335.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Vertical Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating and decreased their target price for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $294.47.

Insider Transactions at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the sale, the senior vice president now directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the sale, the director now directly owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is 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.