1,276 Shares in General Dynamics Co. (NYSE:GD) Acquired by Crux Wealth Advisors

Crux Wealth Advisors acquired a new stake in shares of General Dynamics Co. (NYSE:GD) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,276 shares of the aerospace company’s stock, valued at approximately $336,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in General Dynamics during the fourth quarter valued at $197,238,000. Vanguard Group Inc. boosted its holdings in shares of General Dynamics by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company’s stock valued at $6,265,813,000 after purchasing an additional 706,317 shares during the last quarter. Barclays PLC grew its position in shares of General Dynamics by 43.1% during the third quarter. Barclays PLC now owns 942,485 shares of the aerospace company’s stock valued at $284,818,000 after purchasing an additional 283,972 shares in the last quarter. Invesco Ltd. increased its holdings in shares of General Dynamics by 10.6% in the fourth quarter. Invesco Ltd. now owns 2,428,644 shares of the aerospace company’s stock worth $639,923,000 after purchasing an additional 232,383 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of General Dynamics by 125.3% in the fourth quarter. National Bank of Canada FI now owns 351,429 shares of the aerospace company’s stock worth $92,598,000 after buying an additional 195,476 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the transaction, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at $12,297,195.12. This represents a 37.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now directly owns 11,175 shares in the company, valued at $2,857,224. This represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BTIG Research downgraded General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 13th. Vertical Research cut shares of General Dynamics from a “buy” rating to a “hold” rating and reduced their price target for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. Baird R W lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup decreased their target price on shares of General Dynamics from $335.00 to $330.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their price target on General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $296.82.

General Dynamics Stock Performance

Shares of GD opened at $276.66 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a market cap of $74.25 billion, a PE ratio of 20.28, a P/E/G ratio of 1.69 and a beta of 0.43. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The stock has a fifty day moving average price of $259.48 and a 200-day moving average price of $273.77.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share 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%. Equities research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be given a $1.50 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a yield of 2.17%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio is currently 43.99%.

General Dynamics Company 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.