Bosun Asset Management LLC Purchases 189 Shares of General Dynamics Co. (NYSE:GD)

Bosun Asset Management LLC raised its stake in General Dynamics Co. (NYSE:GD) by 18.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,189 shares of the aerospace company’s stock after buying an additional 189 shares during the quarter. Bosun Asset Management LLC’s holdings in General Dynamics were worth $313,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GD. Purus Wealth Management LLC grew its position in General Dynamics by 1.5% in the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock valued at $701,000 after purchasing an additional 39 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in shares of General Dynamics by 4.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company’s stock worth $277,000 after buying an additional 40 shares during the last quarter. Austin Wealth Management LLC increased its position in shares of General Dynamics by 5.4% in the fourth quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company’s stock valued at $220,000 after acquiring an additional 42 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in General Dynamics by 35.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 43 shares in the last quarter. Finally, Stokes Family Office LLC boosted its position in General Dynamics by 0.4% during the fourth quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company’s stock valued at $2,708,000 after purchasing an additional 43 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $270.92 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $72.71 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49. General Dynamics Co. has a twelve month low of $239.20 and a twelve month high of $316.90. The company has a 50-day simple moving average of $267.70 and a two-hundred day simple moving average of $270.45.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (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 analysts’ expectations of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.88 earnings per share. Analysts forecast that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be given a $1.50 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio (DPR) is presently 41.61%.

Insider Activity at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction 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 $12,297,195.12. This represents a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company dropped their price objective on General Dynamics from $261.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. UBS Group increased their price target on shares of General Dynamics from $268.00 to $279.00 and gave the company a “neutral” rating in a research note on Thursday, April 24th. William Blair lowered shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. TD Cowen cut their target price on shares of General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lowered their price target on General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $292.88.

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.