RWA Wealth Partners LLC Purchases Shares of 4,748 General Dynamics Co. (NYSE:GD)

RWA Wealth Partners LLC purchased a new stake in General Dynamics Co. (NYSE:GD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,748 shares of the aerospace company’s stock, valued at approximately $1,233,000.

Other hedge funds also recently bought and sold shares of the company. Briaud Financial Planning Inc acquired a new stake in General Dynamics in the 3rd quarter valued at about $27,000. Impact Partnership Wealth LLC raised its position in shares of General Dynamics by 411.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 107 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of General Dynamics during the 4th quarter worth about $38,000. Rakuten Securities Inc. acquired a new stake in shares of General Dynamics during the 4th quarter worth about $38,000. Finally, Friedenthal Financial acquired a new stake in shares of General Dynamics during the 4th quarter worth about $45,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GD shares. UBS Group raised their target price on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Wells Fargo & Company raised their target price on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Citigroup raised their price target on General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. The Goldman Sachs Group raised their price target on General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada raised their price target on General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and an average price target of $283.80.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was 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 of the company’s stock, valued at approximately $204,569,860.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction on Monday, January 29th. The stock was 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 directly owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction on Friday, January 26th. The stock was 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 of the company’s stock, valued at $39,502,023.75. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

General Dynamics Trading Down 4.0 %

Shares of GD stock opened at $281.15 on Thursday. The business’s 50 day moving average is $280.26 and its two-hundred day moving average is $261.22. General Dynamics Co. has a twelve month low of $202.35 and a twelve month high of $296.50. The company has a market capitalization of $77.14 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 1.86 and a beta of 0.68. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GD) last announced its earnings results 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 analysts’ expectations of $11.39 billion. During the same quarter last year, the business posted $3.58 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts forecast that General Dynamics Co. will post 14.56 EPS for the current year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be paid a $1.42 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, April 11th. General Dynamics’s dividend payout ratio (DPR) is 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.