PDS Planning Inc Buys New Position in General Dynamics Co. (NYSE:GD)

PDS Planning Inc purchased a new position in shares of General Dynamics Co. (NYSE:GD) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 830 shares of the aerospace company’s stock, valued at approximately $216,000.

Other hedge funds have also bought and sold shares of the company. Briaud Financial Planning Inc bought a new stake in shares of General Dynamics in the third quarter valued at $27,000. Impact Partnership Wealth LLC grew its position in General Dynamics by 411.5% during the third quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after buying an additional 107 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of General Dynamics in the 4th quarter worth about $38,000. Rakuten Securities Inc. purchased a new position in shares of General Dynamics in the 4th quarter worth about $38,000. Finally, Friedenthal Financial purchased a new position in shares of General Dynamics in the 4th quarter worth about $45,000. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the sale, the executive vice president now directly owns 149,205 shares in the company, valued at approximately $39,502,023.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the transaction, the executive vice president now directly owns 149,205 shares in the company, valued at approximately $39,502,023.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the transaction, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com cut General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. Citigroup upped their price objective on General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Barclays increased their target price on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Wells Fargo & Company increased their target price on General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Alembic Global Advisors cut General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price for the company. in a report on Monday, January 29th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.80.

General Dynamics Trading Up 0.5 %

GD opened at $292.70 on Wednesday. The business has a 50 day simple moving average of $280.02 and a two-hundred day simple moving average of $261.08. The firm has a market capitalization of $80.31 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.85 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. General Dynamics Co. has a one year low of $202.35 and a one year high of $296.50.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The firm had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.39 billion. During the same period in the prior year, the company posted $3.58 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. Analysts predict that General Dynamics Co. will post 14.56 EPS for the current year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.94%. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is presently 47.25%.

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.