4,045 Shares in General Dynamics Co. (NYSE:GD) Purchased by Certuity LLC

Certuity LLC purchased a new position in shares of General Dynamics Co. (NYSE:GD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,045 shares of the aerospace company’s stock, valued at approximately $1,050,000.

A number of other large investors have also bought and sold shares of the company. Regent Peak Wealth Advisors LLC raised its position 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 purchasing an additional 41 shares during the period. Cornercap Investment Counsel Inc. boosted its stake in General Dynamics by 0.4% during the 4th 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 period. EverSource Wealth Advisors LLC grew its position in General Dynamics by 6.5% in the 3rd 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. raised its holdings in General Dynamics by 2.3% during the third 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 in the last quarter. Finally, Resonant Capital Advisors LLC grew its holdings in General Dynamics by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,304 shares of the aerospace company’s stock worth $339,000 after acquiring an additional 42 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GD has been the subject of several recent analyst reports. Jefferies Financial Group upgraded General Dynamics from a “hold” rating to a “buy” rating and lifted their price target for the company from $305.00 to $335.00 in a report on Monday. Barclays upped their target price on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Royal Bank of Canada decreased their price target on General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Susquehanna increased their price target on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research report on Friday, April 12th. Finally, The Goldman Sachs Group upped their price target on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $297.06.

General Dynamics Stock Up 0.4 %

Shares of GD stock traded up $1.06 during trading on Tuesday, reaching $288.85. The company’s stock had a trading volume of 648,592 shares, compared to its average volume of 1,110,885. The company has a market capitalization of $79.25 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 1.77 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. The stock’s 50-day moving average price is $281.23 and its 200 day moving average price is $262.41.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. 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 previous year, the firm posted $2.64 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts anticipate that General Dynamics Co. will post 14.57 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 is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.97%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

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.