General Dynamics Co. (NYSE:GD) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its stake in General Dynamics Co. (NYSE:GD) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,021 shares of the aerospace company’s stock after acquiring an additional 382 shares during the period. Linden Thomas Advisory Services LLC’s holdings in General Dynamics were worth $2,083,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Briaud Financial Planning Inc acquired a new stake in shares of General Dynamics in the third quarter worth approximately $27,000. Impact Partnership Wealth LLC raised 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 valued at $29,000 after buying an additional 107 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in General Dynamics in the fourth quarter valued at approximately $38,000. Rakuten Securities Inc. purchased a new position in General Dynamics in the fourth quarter valued at approximately $38,000. Finally, Friedenthal Financial purchased a new position in General Dynamics in the fourth quarter valued at approximately $45,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the transaction, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 773,977 shares in the company, valued at approximately $204,569,860.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the completion of the transaction, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE:GD traded up $1.20 on Tuesday, reaching $292.51. 628,836 shares of the company’s stock were exchanged, compared to its average volume of 1,060,334. The firm has a market capitalization of $80.26 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.83 and a beta of 0.68. General Dynamics Co. has a fifty-two week low of $202.35 and a fifty-two week high of $296.50. The business’s 50-day moving average is $279.51 and its two-hundred day moving average is $260.57. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company posted $3.58 earnings per share. As a group, equities research analysts forecast that General Dynamics Co. will post 14.57 EPS for the current year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a dividend of $1.42 per share. The ex-dividend date is Thursday, April 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.94%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is currently 47.25%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. 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 report on Monday, January 29th. Wells Fargo & Company boosted their target price on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. UBS Group boosted their target price on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Finally, Citigroup boosted their target price on shares of General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.80.

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.