KMG Fiduciary Partners LLC Increases Position in General Dynamics Co. (NYSE:GD)

KMG Fiduciary Partners LLC raised its position in General Dynamics Co. (NYSE:GD) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,652 shares of the aerospace company’s stock after purchasing an additional 772 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in General Dynamics were worth $4,811,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrive Wealth Management LLC boosted its holdings in shares of General Dynamics by 2.1% in the 1st quarter. Thrive Wealth Management LLC now owns 2,002 shares of the aerospace company’s stock valued at $546,000 after purchasing an additional 41 shares during the last quarter. Austin Wealth Management LLC boosted its holdings 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 purchasing an additional 42 shares during the last quarter. SRS Capital Advisors Inc. boosted 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. Stokes Family Office LLC boosted 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 purchasing an additional 43 shares during the last quarter. Finally, ICW Investment Advisors LLC boosted its holdings in shares of General Dynamics by 0.5% in the 4th quarter. ICW Investment Advisors LLC now owns 8,491 shares of the aerospace company’s stock valued at $2,237,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on GD shares. BTIG Research lowered shares of General Dynamics from a “buy” rating to a “neutral” rating in a report on Thursday, February 13th. Morgan Stanley decreased their price target on shares of General Dynamics from $305.00 to $300.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Cowen reiterated a “buy” rating on shares of General Dynamics in a report on Thursday, April 24th. Citigroup reduced their target price on shares of General Dynamics from $335.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Wells Fargo & Company reduced their target price on shares of General Dynamics from $261.00 to $236.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $293.00.

Insider Transactions at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business’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 approximately $12,297,195.12. The trade was a 37.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

General Dynamics Stock Performance

General Dynamics stock opened at $276.43 on Friday. General Dynamics Co. has a 12-month low of $239.20 and a 12-month high of $316.90. The company has a market capitalization of $74.19 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49. 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 firm’s fifty day moving average price is $272.69 and its 200 day moving average price is $266.62.

General Dynamics (NYSE:GD) last released its quarterly earnings results 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 net margin of 7.93% and a return on equity of 17.10%. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. During the same quarter in the previous year, the firm posted $2.88 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. On average, research analysts forecast that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, July 3rd. General Dynamics’s payout ratio is currently 41.61%.

About General Dynamics

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.