Riverview Capital Advisers LLC Purchases Shares of 20,010 General Dynamics Co. (NYSE:GD)

Riverview Capital Advisers LLC acquired a new position in General Dynamics Co. (NYSE:GD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,010 shares of the aerospace company’s stock, valued at approximately $5,272,000. General Dynamics makes up 1.6% of Riverview Capital Advisers LLC’s investment portfolio, making the stock its 16th biggest holding.

Several other institutional investors have also recently modified their holdings of the company. Purus Wealth Management LLC boosted its holdings in shares of General Dynamics by 1.5% in the 4th quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock valued at $701,000 after buying an additional 39 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in General Dynamics by 4.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company’s stock valued at $277,000 after acquiring an additional 40 shares in the last quarter. Austin Wealth Management LLC increased its position in shares of General Dynamics by 5.4% during the fourth quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company’s stock worth $220,000 after purchasing an additional 42 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of General Dynamics by 35.8% during 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 boosted its position 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 worth $2,708,000 after purchasing an additional 43 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Trading Down 0.9%

General Dynamics stock opened at $270.66 on Thursday. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a market cap of $72.64 billion, a PE ratio of 19.84, a P/E/G ratio of 1.69 and a beta of 0.49. The stock’s 50 day simple moving average is $269.24 and its two-hundred day simple moving average is $269.35. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90.

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

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were issued a $1.50 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a yield of 2.22%. General Dynamics’s dividend payout ratio is presently 41.61%.

Insiders Place Their Bets

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics 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 sale, the senior vice president now owns 45,192 shares in the company, valued at $12,297,195.12. This trade represents a 37.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GD has been the subject of a number of research analyst reports. Morgan Stanley decreased their price target on General Dynamics from $305.00 to $300.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group dropped their target price on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a research report on Tuesday, January 28th. Cowen reaffirmed a “buy” rating on shares of General Dynamics in a report on Thursday, April 24th. Argus set a $295.00 price objective on shares of General Dynamics in a report on Tuesday, May 6th. Finally, UBS Group raised their target price on General Dynamics from $268.00 to $279.00 and gave the stock a “neutral” rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $293.00.

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.