General Dynamics Co. (NYSE:GD) Stock Holdings Raised by PYA Waltman Capital LLC

PYA Waltman Capital LLC raised its stake in General Dynamics Co. (NYSE:GD) by 7.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,316 shares of the aerospace company’s stock after purchasing an additional 420 shares during the period. PYA Waltman Capital LLC’s holdings in General Dynamics were worth $1,640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GD. Briaud Financial Planning Inc acquired a new position in shares of General Dynamics in the 3rd quarter valued at about $27,000. Rakuten Securities Inc. acquired a new position in shares of General Dynamics in the 4th quarter valued at about $38,000. Wetzel Investment Advisors Inc. acquired a new position in shares of General Dynamics in the 4th quarter valued at about $38,000. Operose Advisors LLC acquired a new position in shares of General Dynamics in the 3rd quarter valued at about $40,000. Finally, Rational Advisors LLC acquired a new position in shares of General Dynamics in the 3rd quarter valued at about $42,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.3 %

Shares of GD stock traded down $0.91 during trading hours on Wednesday, reaching $286.18. 166,135 shares of the stock traded hands, compared to its average volume of 1,108,991. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. The business has a fifty day moving average price of $281.59 and a 200 day moving average price of $262.72. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $78.52 billion, a PE ratio of 23.42, a PEG ratio of 1.79 and a beta of 0.68.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the prior year, the firm earned $2.64 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that General Dynamics Co. will post 14.55 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 given a dividend of $1.42 per share. The ex-dividend date is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a yield of 1.98%. General Dynamics’s payout ratio is presently 46.33%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GD shares. UBS Group boosted their target price on shares of General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. The Goldman Sachs Group boosted their target price on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Wells Fargo & Company boosted their target price on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Barclays upped their price target on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $297.06.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the sale, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the sale, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the sale, the vice president now directly owns 103,345 shares of the company’s stock, valued at $29,816,065.95. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

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.