FourThought Financial Partners LLC Acquires 1,674 Shares of General Dynamics Corporation $GD

FourThought Financial Partners LLC increased its position in General Dynamics Corporation (NYSE:GD) by 97.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,394 shares of the aerospace company’s stock after acquiring an additional 1,674 shares during the quarter. FourThought Financial Partners LLC’s holdings in General Dynamics were worth $1,143,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Joule Financial LLC boosted its position in shares of General Dynamics by 4.3% in the fourth quarter. Joule Financial LLC now owns 705 shares of the aerospace company’s stock valued at $237,000 after acquiring an additional 29 shares during the period. Brown Miller Wealth Management LLC boosted its position in shares of General Dynamics by 0.3% in the fourth quarter. Brown Miller Wealth Management LLC now owns 8,889 shares of the aerospace company’s stock valued at $2,993,000 after acquiring an additional 29 shares during the period. First Financial Bankshares Inc boosted its position in shares of General Dynamics by 2.6% in the third quarter. First Financial Bankshares Inc now owns 1,196 shares of the aerospace company’s stock valued at $408,000 after acquiring an additional 30 shares during the period. Steph & Co. boosted its position in shares of General Dynamics by 65.2% in the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 30 shares during the period. Finally, Revolve Wealth Partners LLC boosted its position in shares of General Dynamics by 3.3% in the fourth quarter. Revolve Wealth Partners LLC now owns 978 shares of the aerospace company’s stock valued at $329,000 after acquiring an additional 31 shares during the period. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Trading Down 0.3%

GD stock opened at $338.85 on Friday. The company has a market capitalization of $91.64 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 2.11 and a beta of 0.34. General Dynamics Corporation has a one year low of $268.10 and a one year high of $369.70. The company’s 50 day moving average price is $341.96 and its two-hundred day moving average price is $346.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.67 by $0.43. The firm had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $3.66 earnings per share. As a group, analysts predict that General Dynamics Corporation will post 16.62 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 10th were paid a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.9%. This is a boost from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Friday, April 10th. General Dynamics’s payout ratio is 40.03%.

Insider Buying and Selling

In related news, EVP Mark Lagrand Burns sold 36,480 shares of General Dynamics stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total value of $12,596,179.20. Following the transaction, the executive vice president directly owned 38,975 shares of the company’s stock, valued at $13,457,677.75. The trade was a 48.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Phebe N. Novakovic sold 32,918 shares of General Dynamics stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the completion of the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $271,394,759.13. The trade was a 4.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 119,600 shares of company stock valued at $41,650,580 over the last three months. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

GD has been the subject of a number of analyst reports. Jefferies Financial Group cut their price objective on shares of General Dynamics from $385.00 to $380.00 and set a “hold” rating for the company in a research report on Tuesday, April 7th. Wall Street Zen upgraded shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Royal Bank Of Canada restated a “sector perform” rating and issued a $385.00 price objective on shares of General Dynamics in a research report on Thursday, April 30th. Citigroup cut their price objective on shares of General Dynamics from $380.00 to $364.00 and set a “neutral” rating for the company in a research report on Monday. Finally, UBS Group cut their price objective on shares of General Dynamics from $385.00 to $371.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average target price of $387.40.

About General Dynamics

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.