Inceptionr LLC Increases Stake in General Dynamics Corporation $GD

Inceptionr LLC lifted its stake in shares of General Dynamics Corporation (NYSE:GD) by 89.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,223 shares of the aerospace company’s stock after acquiring an additional 1,997 shares during the period. Inceptionr LLC’s holdings in General Dynamics were worth $1,422,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dunhill Financial LLC lifted its holdings in shares of General Dynamics by 620.0% during the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in shares of General Dynamics during the 3rd quarter worth about $25,000. Dagco Inc. purchased a new position in shares of General Dynamics during the 4th quarter worth about $25,000. Burkett Financial Services LLC lifted its holdings in shares of General Dynamics by 650.0% during the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 65 shares during the period. Finally, Steph & Co. lifted its holdings in shares of General Dynamics by 65.2% during the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 30 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Trading Down 1.2%

NYSE GD opened at $341.46 on Thursday. 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 $339.82 and its 200 day moving average price is $346.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. The firm has a market capitalization of $92.34 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.14 and a beta of 0.34.

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

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be given a $1.59 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $6.36 annualized dividend and a yield of 1.9%. General Dynamics’s dividend payout ratio (DPR) is 40.03%.

Insider Transactions at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 36,480 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 38,975 shares of the company’s stock, valued at $13,457,677.75. This trade represents a 48.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

GD has been the topic of several recent analyst reports. BNP Paribas Exane cut their price objective on shares of General Dynamics from $430.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Argus raised their price target on shares of General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a report on Thursday, February 19th. UBS Group upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company initiated coverage on shares of General Dynamics in a report on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.