Apollon Wealth Management LLC Boosts Stock Holdings in General Dynamics Co. (NYSE:GD)

Apollon Wealth Management LLC increased its holdings in shares of General Dynamics Co. (NYSE:GD) by 36.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,533 shares of the aerospace company’s stock after purchasing an additional 6,811 shares during the period. Apollon Wealth Management LLC’s holdings in General Dynamics were worth $6,630,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GD. Regent Peak Wealth Advisors LLC lifted its position 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 purchasing an additional 41 shares during the period. Cornercap Investment Counsel Inc. lifted its position in General Dynamics by 0.4% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock worth $2,695,000 after buying an additional 41 shares during the period. EverSource Wealth Advisors LLC grew its holdings in General Dynamics by 6.5% in the third quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 42 shares during the period. Raleigh Capital Management Inc. grew its stake in shares of General Dynamics by 2.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock valued at $408,000 after buying an additional 42 shares during the period. Finally, Resonant Capital Advisors LLC increased its stake in General Dynamics by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,304 shares of the aerospace company’s stock worth $339,000 after acquiring an additional 42 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of General Dynamics stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the sale, the vice president now directly owns 103,345 shares in the company, valued at $29,816,065.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Phebe N. Novakovic sold 49,850 shares of General Dynamics stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $284.50, for a total value of $14,182,325.00. Following the transaction, the chief executive officer now directly owns 768,977 shares in the company, valued at $218,773,956.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now owns 103,345 shares of the company’s stock, valued at $29,816,065.95. 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 commented on GD shares. JPMorgan Chase & Co. raised their target price on shares of General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Royal Bank of Canada decreased their price target on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Friday. Barclays increased their target price 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, Jefferies Financial Group upgraded General Dynamics from a “hold” rating to a “buy” rating and boosted their price objective for the company from $305.00 to $335.00 in a research report on Monday, April 29th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $300.53.

General Dynamics Price Performance

Shares of GD traded up $3.23 during mid-day trading on Monday, hitting $291.37. The company’s stock had a trading volume of 870,235 shares, compared to its average volume of 1,113,557. The stock has a market capitalization of $79.94 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.80 and a beta of 0.67. General Dynamics Co. has a fifty-two week low of $202.35 and a fifty-two week 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 firm has a 50-day moving average price of $282.84 and a 200 day moving average price of $264.06.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share 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 analysts’ expectations of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $2.64 earnings per share. On average, research analysts predict 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 issued a $1.42 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.95%. General Dynamics’s dividend payout ratio is currently 46.33%.

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.