Accel Wealth Management Purchases 85 Shares of General Dynamics Co. (NYSE:GD)

Accel Wealth Management increased its position in General Dynamics Co. (NYSE:GD) by 6.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,321 shares of the aerospace company’s stock after acquiring an additional 85 shares during the quarter. Accel Wealth Management’s holdings in General Dynamics were worth $343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of General Dynamics by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 22,423,961 shares of the aerospace company’s stock valued at $4,955,023,000 after purchasing an additional 133,061 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of General Dynamics by 12.0% during the 3rd quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after purchasing an additional 1,755,276 shares during the last quarter. State Street Corp lifted its holdings in shares of General Dynamics by 0.4% during the 2nd quarter. State Street Corp now owns 9,932,541 shares of the aerospace company’s stock valued at $2,136,986,000 after purchasing an additional 39,597 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of General Dynamics by 6.5% during the 1st quarter. Geode Capital Management LLC now owns 4,228,831 shares of the aerospace company’s stock valued at $962,711,000 after purchasing an additional 259,855 shares during the last quarter. Finally, Sanders Capital LLC lifted its holdings in shares of General Dynamics by 0.4% during the 3rd quarter. Sanders Capital LLC now owns 4,017,057 shares of the aerospace company’s stock valued at $887,649,000 after purchasing an additional 17,061 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Activity

In related news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction that occurred 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 sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the business’s 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 transaction, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 32,355 shares of the business’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 transaction, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

General Dynamics Stock Up 0.2 %

Shares of GD traded up $0.53 during mid-day trading on Thursday, reaching $282.43. The company’s stock had a trading volume of 644,487 shares, compared to its average volume of 1,056,026. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $284.75. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The company has a market cap of $77.49 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.77 and a beta of 0.68. The business has a fifty day moving average of $269.65 and a 200 day moving average of $251.54.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing the consensus estimate 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 company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.58 earnings per share. As a group, analysts forecast that General Dynamics Co. will post 14.59 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.01%. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. General Dynamics’s dividend payout ratio is currently 43.93%.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of analyst reports. Citigroup raised their target price on General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. UBS Group boosted their price target on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $300.00 price target on shares of General Dynamics in a research note on Thursday, January 25th. StockNews.com downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Finally, Alembic Global Advisors lowered shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target on the stock. in a research report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $271.69.

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.