Novem Group Invests $112,000 in General Dynamics Co. (NYSE:GD)

Novem Group bought a new stake in General Dynamics Co. (NYSE:GD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 424 shares of the aerospace company’s stock, valued at approximately $112,000.

Several other large investors have also recently added to or reduced their stakes in GD. Austin Wealth Management LLC lifted its position in General Dynamics by 5.4% during the fourth quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company’s stock worth $220,000 after acquiring an additional 42 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of General Dynamics by 35.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company’s stock worth $43,000 after purchasing an additional 43 shares during the period. Stokes Family Office LLC increased its stake in General Dynamics by 0.4% in the fourth quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company’s stock valued at $2,708,000 after acquiring an additional 43 shares during the last quarter. ICW Investment Advisors LLC increased its stake in General Dynamics by 0.5% in the fourth quarter. ICW Investment Advisors LLC now owns 8,491 shares of the aerospace company’s stock valued at $2,237,000 after acquiring an additional 43 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake in General Dynamics by 3.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,178 shares of the aerospace company’s stock valued at $310,000 after acquiring an additional 44 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the sale, the senior vice president now directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. The trade was a 37.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

General Dynamics Stock Down 0.8%

Shares of General Dynamics stock opened at $274.93 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The stock has a market capitalization of $73.79 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49. General Dynamics Co. has a 52-week low of $239.20 and a 52-week high of $316.90. The company has a 50-day simple moving average of $271.22 and a two-hundred day simple moving average of $268.45.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.23. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.88 earnings per share. On average, analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.18%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date was Friday, April 11th. General Dynamics’s payout ratio is 41.61%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GD. Barclays decreased their target price on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. William Blair lowered shares of General Dynamics from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Citigroup reduced their target price on shares of General Dynamics from $335.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. UBS Group increased their target price on shares of General Dynamics from $268.00 to $279.00 and gave the company a “neutral” rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group dropped their price target on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $293.00.

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.