GeoWealth Management LLC Purchases 260 Shares of General Dynamics Co. (NYSE:GD)

GeoWealth Management LLC boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,720 shares of the aerospace company’s stock after buying an additional 260 shares during the period. GeoWealth Management LLC’s holdings in General Dynamics were worth $453,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Commerce Bank boosted its stake in General Dynamics by 5.3% during the 4th quarter. Commerce Bank now owns 63,178 shares of the aerospace company’s stock valued at $16,647,000 after purchasing an additional 3,154 shares during the last quarter. Ally Financial Inc. bought a new stake in General Dynamics during the fourth quarter worth $1,581,000. Canada Pension Plan Investment Board lifted its stake in General Dynamics by 5.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 181,703 shares of the aerospace company’s stock valued at $47,877,000 after acquiring an additional 9,235 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new position in General Dynamics during the 4th quarter worth $75,000. Finally, Stenger Family Office LLC purchased a new stake in shares of General Dynamics in the fourth quarter valued at about $209,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Down 1.1 %

Shares of NYSE:GD opened at $272.99 on Tuesday. The firm has a fifty day moving average price of $261.97 and a two-hundred day moving average price of $272.50. The company has a market cap of $73.27 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.69 and a beta of 0.43. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. General Dynamics Co. has a one year low of $239.20 and a one year high of $316.90.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s payout ratio is currently 43.99%.

Wall Street Analyst Weigh In

GD has been the subject of a number of recent analyst reports. TD Cowen reduced their price objective on shares of General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. Robert W. Baird reissued a “neutral” rating and issued a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered their target price on General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. Susquehanna increased their price target on shares of General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada dropped their target price on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, General Dynamics presently has an average rating of “Hold” and an average target price of $294.47.

Insider Transactions at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the sale, the senior vice president now owns 45,192 shares of the company’s stock, valued at approximately $12,297,195.12. This represents a 37.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laura J. Schumacher sold 1,796 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the sale, the director now owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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.