Investors Asset Management of Georgia Inc. GA ADV Acquires 400 Shares of General Dynamics Co. (NYSE:GD)

Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of General Dynamics Co. (NYSE:GD) by 32.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,650 shares of the aerospace company’s stock after purchasing an additional 400 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in General Dynamics were worth $415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in General Dynamics in the fourth quarter valued at approximately $607,393,000. Wellington Management Group LLP lifted its stake in shares of 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 buying an additional 1,755,276 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 buying an additional 1,450,213 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of 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 buying an additional 1,384,829 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of 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 buying an additional 915,091 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GD has been the subject of several research reports. Alembic Global Advisors downgraded shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective for the company. in a research note on Monday, January 29th. Royal Bank of Canada lifted their price objective on shares of General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Susquehanna lifted their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research note on Friday, April 12th. The Goldman Sachs Group lifted their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Barclays raised their target price on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday. Four equities 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $283.80.

Insider Buying and Selling

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the business’s stock in a transaction dated 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 the SEC website. Also, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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 Price Performance

Shares of NYSE GD traded up $0.80 during trading on Thursday, hitting $285.26. The company had a trading volume of 257,586 shares, compared to its average volume of 1,063,617. The stock has a fifty day simple moving average of $278.37 and a two-hundred day simple moving average of $258.85. General Dynamics Co. has a fifty-two week low of $202.35 and a fifty-two week high of $296.50. The firm has a market capitalization of $78.27 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.58 earnings per share. On average, research analysts expect that General Dynamics Co. will post 14.57 earnings per share for the current year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be given a dividend of $1.42 per share. The ex-dividend date 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 yield of 1.99%. General Dynamics’s payout ratio is presently 47.25%.

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.