AdvisorNet Financial Inc Has $865,000 Stock Holdings in General Dynamics Co. (NYSE:GD)

AdvisorNet Financial Inc grew its position in shares of General Dynamics Co. (NYSE:GDFree Report) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,333 shares of the aerospace company’s stock after purchasing an additional 98 shares during the quarter. AdvisorNet Financial Inc’s holdings in General Dynamics were worth $865,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Congress Park Capital LLC lifted its stake in shares of General Dynamics by 91.0% in the fourth quarter. Congress Park Capital LLC now owns 2,540 shares of the aerospace company’s stock worth $660,000 after acquiring an additional 1,210 shares during the period. MBA Advisors LLC lifted its stake in shares of General Dynamics by 4.1% in the fourth quarter. MBA Advisors LLC now owns 2,823 shares of the aerospace company’s stock worth $733,000 after acquiring an additional 110 shares during the period. Fifth Third Bancorp lifted its stake in shares of General Dynamics by 10.6% in the fourth quarter. Fifth Third Bancorp now owns 212,999 shares of the aerospace company’s stock worth $55,309,000 after acquiring an additional 20,351 shares during the period. Columbus Macro LLC lifted its stake in shares of General Dynamics by 3.8% in the fourth quarter. Columbus Macro LLC now owns 7,109 shares of the aerospace company’s stock worth $1,839,000 after acquiring an additional 263 shares during the period. Finally, Von Berge Wealth Management Group LLC acquired a new position in shares of General Dynamics in the fourth quarter worth approximately $231,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Mark C. Roualet sold 73,330 shares of the company’s 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 completion of the sale, the executive vice president now owns 149,205 shares in the company, valued at $39,502,023.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the company’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 completion of the transaction, the executive vice president now owns 149,205 shares in the company, valued at approximately $39,502,023.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction on Monday, January 29th. The shares were 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 of the company’s stock, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

General Dynamics Trading Up 0.2 %

NYSE GD opened at $282.49 on Monday. The business has a 50 day moving average price of $271.58 and a 200-day moving average price of $252.67. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $284.75. The company has a market cap of $77.51 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.79 and a beta of 0.68. 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 (NYSE:GDGet Free Report) last announced its quarterly 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 company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.39 billion. During the same quarter last year, the company posted $3.58 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts expect that General Dynamics Co. will post 14.59 earnings per share for the current fiscal 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 issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 annualized dividend and a yield of 2.01%. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is 43.93%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Alembic Global Advisors lowered General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target on the stock. in a research note on Monday, January 29th. UBS Group boosted their price target on General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. StockNews.com lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $300.00 price target on shares of General Dynamics in a research note on Thursday, January 25th. Finally, Citigroup boosted their price target on General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $271.69.

View Our Latest Research Report on GD

General Dynamics Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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