General Dynamics Co. (NYSE:GD) Shares Bought by IFG Advisory LLC

IFG Advisory LLC raised its position in General Dynamics Co. (NYSE:GD) by 42.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,315 shares of the aerospace company’s stock after acquiring an additional 984 shares during the quarter. IFG Advisory LLC’s holdings in General Dynamics were worth $861,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Certified Advisory Corp acquired a new position in shares of General Dynamics during the first quarter worth about $25,000. Briaud Financial Planning Inc acquired a new position in shares of General Dynamics during the third quarter worth about $27,000. Impact Partnership Wealth LLC grew its position in shares of 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. Live Oak Investment Partners acquired a new position in shares of General Dynamics during the fourth quarter worth about $30,000. Finally, Tyler Stone Wealth Management acquired a new position in shares of General Dynamics during the second quarter worth about $30,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other news, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction dated 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 the SEC website. In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction that occurred on 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 owns 773,977 shares in the company, valued at approximately $204,569,860.87. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

General Dynamics Trading Up 0.2 %

Shares of GD stock opened at $282.43 on Friday. The business’s fifty day moving average price is $270.29 and its 200 day moving average price is $251.75. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $284.75. The firm has a market capitalization of $77.49 billion, a PE ratio of 23.50, a P/E/G ratio of 1.77 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 (NYSE:GD) last issued its quarterly earnings data 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 net margin of 7.84% and a return on equity of 16.61%. The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.39 billion. During the same quarter in the prior year, the company earned $3.58 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts forecast that General Dynamics Co. will post 14.59 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. Investors of record on Friday, April 12th will be given a dividend of $1.42 per share. 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. This represents a $5.68 annualized dividend and a yield of 2.01%. General Dynamics’s dividend payout ratio is 43.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group boosted their price objective on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. StockNews.com cut General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Royal Bank of Canada restated an “outperform” rating and set a $300.00 target price on shares of General Dynamics in a research note on Thursday, January 25th. Citigroup boosted their target price on General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. 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 research note on Monday, January 29th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and an average price target of $271.69.

About General Dynamics

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.