General Dynamics Co. (NYSE:GD) Shares Purchased by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC boosted its holdings in General Dynamics Co. (NYSE:GD) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,304 shares of the aerospace company’s stock after buying an additional 42 shares during the quarter. Resonant Capital Advisors LLC’s holdings in General Dynamics were worth $339,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GD. Norges Bank acquired a new stake in General Dynamics during the fourth quarter worth about $607,393,000. Wellington Management Group LLP increased its stake in General Dynamics by 12.0% during the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock worth $3,615,185,000 after acquiring an additional 1,755,276 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in General Dynamics by 484.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,749,729 shares of the aerospace company’s stock worth $399,306,000 after acquiring an additional 1,450,213 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in General Dynamics by 91,832.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,386,337 shares of the aerospace company’s stock worth $343,964,000 after acquiring an additional 1,384,829 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in General Dynamics by 10,763.2% during the fourth quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock worth $239,829,000 after acquiring an additional 915,091 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Trading Up 1.2 %

Shares of GD opened at $288.62 on Friday. The company has a market capitalization of $79.19 billion, a P/E ratio of 24.01, a P/E/G ratio of 1.83 and a beta of 0.68. General Dynamics Co. has a one year low of $202.35 and a one year high of $296.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. The stock has a 50-day moving average price of $279.07 and a 200 day moving average price of $259.76.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The business had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.39 billion. During the same period in the prior year, the company posted $3.58 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Sell-side analysts forecast that General Dynamics Co. will post 14.57 EPS for the current fiscal year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date 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 47.25%.

Wall Street Analysts Forecast Growth

GD has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Susquehanna upped their target price on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. UBS Group upped their target price on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. The Goldman Sachs Group upped their target price on General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada upped their target price on General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $283.80.

Insiders Place Their Bets

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the sale, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company 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.