Community Bank & Trust Waco Texas Increases Holdings in General Dynamics Co. (NYSE:GD)

Community Bank & Trust Waco Texas raised its position in General Dynamics Co. (NYSE:GD) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,397 shares of the aerospace company’s stock after purchasing an additional 1,431 shares during the period. General Dynamics comprises about 1.4% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 28th largest position. Community Bank & Trust Waco Texas’ holdings in General Dynamics were worth $5,037,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC increased its holdings in General Dynamics by 0.4% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock worth $2,812,000 after acquiring an additional 41 shares during the last quarter. Cornercap Investment Counsel Inc. increased its holdings in shares of General Dynamics by 0.4% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock worth $2,695,000 after purchasing an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of General Dynamics by 6.5% during the third quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company’s stock valued at $152,000 after buying an additional 42 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in shares of General Dynamics by 2.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock worth $408,000 after purchasing an additional 42 shares during the period. Finally, Resonant Capital Advisors LLC raised its position in shares of General Dynamics by 3.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,304 shares of the aerospace company’s stock valued at $339,000 after purchasing an additional 42 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Price Performance

GD traded down $16.12 during trading on Wednesday, reaching $276.60. The company’s stock had a trading volume of 1,391,359 shares, compared to its average volume of 1,069,470. The company has a market cap of $75.89 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.85 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 Co. has a 1 year low of $202.35 and a 1 year high of $296.50. The firm has a fifty day simple moving average of $280.02 and a two-hundred day simple moving average of $261.08.

General Dynamics (NYSE:GD) last announced its 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 analyst estimates of $11.39 billion. During the same period in the previous year, the firm earned $3.58 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, analysts anticipate that General Dynamics Co. will post 14.56 EPS for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.05%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is presently 47.25%.

Analyst Ratings Changes

Several equities analysts recently issued reports on GD shares. UBS Group increased their target price on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Susquehanna increased their target price on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a report on Friday, April 12th. The Goldman Sachs Group increased their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Barclays boosted their price objective on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Alembic Global Advisors downgraded shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target for the company. in a report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $283.80.

Insider Buying and Selling

In other 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 completion of 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 SEC, which is accessible through this link. In other news, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction on 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 sale, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

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.