General Dynamics Co. (NYSE:GD) Stock Holdings Boosted by Avior Wealth Management LLC

Avior Wealth Management LLC grew its position in shares of General Dynamics Co. (NYSE:GD) by 45.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,027 shares of the aerospace company’s stock after purchasing an additional 637 shares during the quarter. Avior Wealth Management LLC’s holdings in General Dynamics were worth $526,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of GD. Certified Advisory Corp acquired a new stake in General Dynamics during the first quarter valued at approximately $25,000. Briaud Financial Planning Inc bought a new position in shares of General Dynamics in the third quarter valued at $27,000. Impact Partnership Wealth LLC lifted its position in shares of General Dynamics by 411.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 107 shares during the last quarter. Live Oak Investment Partners bought a new stake in shares of General Dynamics during the 4th quarter worth $30,000. Finally, Tyler Stone Wealth Management acquired a new position in shares of General Dynamics in the 2nd quarter worth $30,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 0.3 %

NYSE GD opened at $285.27 on Friday. The company has a market capitalization of $78.27 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The firm’s fifty day simple moving average is $278.70 and its 200-day simple moving average is $259.03.

General Dynamics (NYSE:GD) 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 net margin of 7.84% and a return on equity of 16.61%. The firm had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. During the same quarter in the prior year, the firm earned $3.58 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Dynamics Co. will post 14.57 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be paid a dividend of $1.42 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.99%. General Dynamics’s dividend payout ratio is 47.25%.

Analyst Ratings Changes

Several equities research analysts have recently commented on GD shares. Wells Fargo & Company upped their target price on General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. The Goldman Sachs Group upped their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays lifted their target price on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday. Susquehanna upped their price target on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research report on Friday, April 12th. Finally, Citigroup lifted their price objective on shares of General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $283.80.

Insider Activity

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the transaction, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly 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. 1.52% of the stock is owned by insiders.

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.