General Dynamics Co. (NYSE:GD) Shares Bought by Syon Capital LLC

Syon Capital LLC increased its position in shares of General Dynamics Co. (NYSE:GD) by 30.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,026 shares of the aerospace company’s stock after buying an additional 468 shares during the period. Syon Capital LLC’s holdings in General Dynamics were worth $526,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC boosted its stake in General Dynamics by 0.4% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock valued at $2,812,000 after acquiring an additional 41 shares during the period. Cornercap Investment Counsel Inc. lifted its stake in General Dynamics by 0.4% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock valued at $2,695,000 after buying an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of General Dynamics by 6.5% during the third quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company’s stock worth $152,000 after acquiring an additional 42 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of General Dynamics by 2.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock worth $408,000 after acquiring an additional 42 shares during the period. Finally, Resonant Capital Advisors LLC lifted its position in General Dynamics by 3.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,304 shares of the aerospace company’s stock valued at $339,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the sale, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.52% of the stock is currently owned by corporate insiders.

General Dynamics Trading Down 0.2 %

Shares of NYSE GD opened at $284.41 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $296.50. The company has a market cap of $78.03 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.81 and a beta of 0.68. The business has a fifty day simple moving average of $280.86 and a 200-day simple moving average of $261.71.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.01). The firm had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.64 earnings per share. Sell-side analysts predict that General Dynamics Co. will post 14.56 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GD shares. StockNews.com raised General Dynamics from a “buy” rating to a “strong-buy” rating in a report on Thursday. Royal Bank of Canada reduced their price target on General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday. Susquehanna raised their price target on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a report on Friday, April 12th. Barclays upped their price objective on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, The Goldman Sachs Group boosted their price target on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $285.63.

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.