Integrated Wealth Concepts LLC Boosts Stake in General Dynamics Co. (NYSE:GD)

Integrated Wealth Concepts LLC lifted its holdings in General Dynamics Co. (NYSE:GD) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,564 shares of the aerospace company’s stock after purchasing an additional 83 shares during the period. Integrated Wealth Concepts LLC’s holdings in General Dynamics were worth $2,520,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its stake in General Dynamics by 15.3% in the 4th quarter. Empowered Funds LLC now owns 9,689 shares of the aerospace company’s stock valued at $2,553,000 after buying an additional 1,283 shares in the last quarter. Kentucky Trust Co acquired a new stake in shares of General Dynamics in the fourth quarter worth approximately $607,000. Hickory Point Bank & Trust purchased a new stake in shares of General Dynamics during the fourth quarter worth approximately $692,000. Wealth Enhancement Advisory Services LLC raised its stake 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 purchasing an additional 107,095 shares during the last quarter. Finally, Atlas Legacy Advisors LLC purchased a new position in General Dynamics in the 4th quarter valued at $550,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $272.30 on Monday. The stock has a market capitalization of $73.08 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The business has a 50-day moving average of $264.21 and a 200 day moving average of $271.77. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.43 by $0.23. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. As a group, sell-side analysts forecast that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be issued a $1.50 dividend. The ex-dividend date is Friday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 dividend on an annualized basis and a yield of 2.20%. General Dynamics’s dividend payout ratio (DPR) is 41.61%.

Insider Buying and Selling

In related news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were 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 owns 45,192 shares in the company, valued at approximately $12,297,195.12. This represents a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GD. Morgan Stanley reduced their target price on shares of General Dynamics from $305.00 to $300.00 and set an “equal weight” rating for the company in a research report on Thursday. UBS Group raised their target price on shares of General Dynamics from $268.00 to $279.00 and gave the stock a “neutral” rating in a research note on Thursday. TD Securities upped their price target on General Dynamics from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday. Cowen reiterated a “buy” rating on shares of General Dynamics in a research report on Thursday. Finally, Susquehanna upped their target price on General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $293.83.

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.