FORA Capital LLC Invests $366,000 in General Dynamics Co. (NYSE:GD)

FORA Capital LLC bought a new position in shares of General Dynamics Co. (NYSE:GD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,388 shares of the aerospace company’s stock, valued at approximately $366,000.

A number of other large investors also recently bought and sold shares of the stock. Purus Wealth Management LLC boosted its stake in shares of 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 during the period. Armstrong Advisory Group Inc. lifted its stake in General Dynamics by 4.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company’s stock worth $277,000 after purchasing an additional 40 shares during the last quarter. Austin Wealth Management LLC grew its position in shares of General Dynamics by 5.4% in the 4th quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company’s stock valued at $220,000 after buying an additional 42 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of General Dynamics by 35.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 43 shares during the last quarter. Finally, Stokes Family Office LLC increased its holdings in shares of General Dynamics by 0.4% in the 4th quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company’s stock valued at $2,708,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

General Dynamics stock opened at $271.61 on Friday. 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 Co. has a 52-week low of $239.20 and a 52-week high of $316.90. The firm has a market capitalization of $72.90 billion, a P/E ratio of 19.91, a PEG ratio of 1.69 and a beta of 0.49. The firm has a fifty day moving average of $268.82 and a 200-day moving average of $269.72.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.23. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. During the same period in the previous year, the business earned $2.88 EPS. General Dynamics’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, analysts predict that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 11th were issued a $1.50 dividend. The ex-dividend date was Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a 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 currently 41.61%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. TD Securities increased their price objective on General Dynamics from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price 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. Argus set a $295.00 price target on General Dynamics in a report on Tuesday. Susquehanna increased their price objective on General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a research note on Wednesday, April 2nd. Finally, UBS Group boosted their target price 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. One 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 given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $293.00.

Insider Activity at General Dynamics

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company’s stock in a transaction dated 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 of the company’s stock, 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 SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

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.