General Dynamics Co. (NYSE:GD) Shares Acquired by Accel Wealth Management

Accel Wealth Management lifted its stake in shares of General Dynamics Co. (NYSE:GD) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,321 shares of the aerospace company’s stock after buying an additional 85 shares during the quarter. Accel Wealth Management’s holdings in General Dynamics were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Certified Advisory Corp acquired a new position in General Dynamics in the first quarter worth $25,000. Live Oak Investment Partners acquired a new position in General Dynamics in the fourth quarter worth $30,000. Briaud Financial Planning Inc acquired a new position in General Dynamics in the third quarter worth $27,000. Impact Partnership Wealth LLC boosted its holdings in General Dynamics by 411.5% in the third quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 107 shares during the period. Finally, Tyler Stone Wealth Management acquired a new position in General Dynamics in the second quarter worth $30,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other 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 sale, the executive vice president now directly owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction 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 sale, the executive vice president now owns 149,205 shares in the company, valued at $39,502,023.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction on Monday, January 29th. The shares were 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. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Stock Performance

GD traded up $0.53 on Thursday, hitting $282.43. The company had a trading volume of 644,487 shares, compared to its average volume of 1,056,026. The company’s fifty day moving average price is $269.65 and its 200 day moving average price is $251.54. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $284.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. The stock 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.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. During the same quarter last year, the firm earned $3.58 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that General Dynamics Co. will post 14.59 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be issued a dividend of $1.42 per share. The ex-dividend date is Thursday, April 11th. This is a positive change 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 2.01%. General Dynamics’s payout ratio is 43.93%.

Wall Street Analyst Weigh In

GD has been the topic of a number of recent research reports. 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 note on Monday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $300.00 price target on shares of General Dynamics in a research report on Thursday, January 25th. StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Alembic Global Advisors cut General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target on the stock. in a research note on Monday, January 29th. Finally, Citigroup lifted their price target on General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $271.69.

About General Dynamics

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.