ICW Investment Advisors LLC Buys 82 Shares of General Dynamics Co. (NYSE:GD)

ICW Investment Advisors LLC increased its position in General Dynamics Co. (NYSE:GD) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,671 shares of the aerospace company’s stock after purchasing an additional 82 shares during the quarter. General Dynamics makes up about 1.1% of ICW Investment Advisors LLC’s investment portfolio, making the stock its 29th largest holding. ICW Investment Advisors LLC’s holdings in General Dynamics were worth $2,252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GD. Wellington Management Group LLP lifted its position in shares of General Dynamics by 12.0% in 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 in the last quarter. International Assets Investment Management LLC lifted its holdings in 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. California Public Employees Retirement System lifted its holdings in shares of General Dynamics by 55.2% during the 3rd quarter. California Public Employees Retirement System now owns 806,917 shares of the aerospace company’s stock valued at $178,304,000 after purchasing an additional 286,928 shares during the last quarter. FMR LLC lifted its holdings in shares of General Dynamics by 13.7% during the 3rd quarter. FMR LLC now owns 2,293,269 shares of the aerospace company’s stock valued at $506,744,000 after purchasing an additional 275,947 shares during the last quarter. Finally, Boston Partners increased its position in shares of General Dynamics by 12.7% in the 3rd quarter. Boston Partners now owns 1,763,878 shares of the aerospace company’s stock valued at $392,110,000 after acquiring an additional 198,185 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the transaction, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Phebe N. Novakovic sold 49,850 shares of the company’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 transaction of $14,182,325.00. Following the completion of the transaction, the chief executive officer now owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the completion of the transaction, the vice president now 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 corporate insiders.

General Dynamics Stock Performance

Shares of NYSE GD traded up $0.47 during trading on Wednesday, hitting $287.56. The company had a trading volume of 319,127 shares, compared to its average volume of 1,110,528. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 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 stock has a 50 day simple moving average of $281.59 and a 200 day simple moving average of $262.72. The firm has a market capitalization of $78.89 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 1.79 and a beta of 0.68.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share 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 the consensus estimate of $10.26 billion. During the same period last year, the firm earned $2.64 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts anticipate that General Dynamics Co. will post 14.55 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This is a boost 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 46.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. UBS Group raised their target price on General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. StockNews.com raised General Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. boosted their target price 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. Susquehanna increased their target price 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. Finally, Royal Bank of Canada cut their price target on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $297.06.

General Dynamics Company 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.