General Dynamics Co. (NYSE:GD) Holdings Decreased by Pacific Wealth Management

Pacific Wealth Management lessened its stake in General Dynamics Co. (NYSE:GD) by 26.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,706 shares of the aerospace company’s stock after selling 1,367 shares during the period. General Dynamics accounts for 0.5% of Pacific Wealth Management’s portfolio, making the stock its 15th biggest holding. Pacific Wealth Management’s holdings in General Dynamics were worth $962,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in General Dynamics by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 22,423,961 shares of the aerospace company’s stock worth $4,955,023,000 after purchasing an additional 133,061 shares during the last quarter. Wellington Management Group LLP boosted its holdings in General Dynamics by 12.0% in the 3rd quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after purchasing an additional 1,755,276 shares during the period. Geode Capital Management LLC grew its position in General Dynamics by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 4,228,831 shares of the aerospace company’s stock worth $962,711,000 after purchasing an additional 259,855 shares during the last quarter. Sanders Capital LLC increased its holdings in shares of General Dynamics by 0.4% during the 3rd quarter. Sanders Capital LLC now owns 4,017,057 shares of the aerospace company’s stock worth $887,649,000 after purchasing an additional 17,061 shares during the period. Finally, Morgan Stanley grew its position in General Dynamics by 12.1% during the fourth quarter. Morgan Stanley now owns 2,622,031 shares of the aerospace company’s stock worth $650,552,000 after buying an additional 282,436 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Up 0.6 %

General Dynamics stock traded up $1.72 during mid-day trading on Thursday, reaching $286.18. The company’s stock had a trading volume of 177,781 shares, compared to its average volume of 1,062,528. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $296.50. The business’s 50 day simple moving average is $278.37 and its 200 day simple moving average is $258.85. The company has a market capitalization of $78.52 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share 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 company had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.39 billion. During the same quarter in the previous year, the business earned $3.58 EPS. General Dynamics’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that General Dynamics Co. will post 14.57 earnings per share for the current year.

General Dynamics Increases Dividend

The firm also recently announced 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 is a positive change from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.98%. General Dynamics’s payout ratio is presently 47.25%.

Insider Buying and Selling at General Dynamics

In related news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics 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 completion of the sale, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were 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 of the company’s stock, valued at $39,502,023.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 32,355 shares of the firm’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 sale, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays raised their target price on General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group raised their price objective on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Wells Fargo & Company upped their price target on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Alembic Global Advisors downgraded shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price for the company. in a research note on Monday, January 29th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $283.80.

About General Dynamics

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.