TCG Advisory Services LLC Invests $276,000 in General Dynamics Co. (NYSE:GD)

TCG Advisory Services LLC bought a new position in shares of General Dynamics Co. (NYSE:GD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,063 shares of the aerospace company’s stock, valued at approximately $276,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its stake in shares of General Dynamics by 188.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 40,830 shares of the aerospace company’s stock worth $10,602,000 after acquiring an additional 26,668 shares in the last quarter. Pacer Advisors Inc. grew its position in General Dynamics by 99.3% during the fourth quarter. Pacer Advisors Inc. now owns 29,045 shares of the aerospace company’s stock worth $7,542,000 after buying an additional 14,468 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new stake in General Dynamics during the 3rd quarter worth about $16,077,000. Clough Capital Partners L P acquired a new stake in shares of General Dynamics during the 3rd quarter worth $26,868,000. Finally, Victory Capital Management Inc. lifted its holdings in General Dynamics by 57.7% in the 3rd quarter. Victory Capital Management Inc. now owns 326,121 shares of the aerospace company’s stock worth $72,063,000 after buying an additional 119,264 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the completion of the transaction, the vice president now directly owns 103,345 shares in the company, valued at approximately $29,816,065.95. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Phebe N. Novakovic sold 49,850 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the transaction, the chief executive officer now owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the transaction, the vice president now directly owns 103,345 shares of the company’s stock, valued at $29,816,065.95. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on GD. Citigroup increased their price objective on shares of General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Susquehanna upped their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. Royal Bank of Canada decreased their price objective on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Wells Fargo & Company boosted their price target on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group lifted their price target on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $300.53.

General Dynamics Stock Performance

General Dynamics stock traded up $2.53 during trading hours on Monday, hitting $290.67. 93,344 shares of the stock traded hands, compared to its average volume of 1,104,427. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $296.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87. The stock has a market capitalization of $79.75 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.80 and a beta of 0.67. The firm’s 50 day moving average price is $282.47 and its 200-day moving average price is $263.69.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The business had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same period in the previous year, the business posted $2.64 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that General Dynamics Co. will post 14.55 EPS for the current fiscal 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 paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is currently 46.33%.

General Dynamics 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.