Weatherly Asset Management L. P. Has $7.47 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

Weatherly Asset Management L. P. raised its position in General Dynamics Co. (NYSE:GD) by 8.7% in the 4th quarter, HoldingsChannel reports. The fund owned 28,766 shares of the aerospace company’s stock after purchasing an additional 2,303 shares during the period. General Dynamics makes up about 0.8% of Weatherly Asset Management L. P.’s investment portfolio, making the stock its 26th biggest holding. Weatherly Asset Management L. P.’s holdings in General Dynamics were worth $7,470,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc acquired a new position in General Dynamics in the 3rd quarter valued at approximately $27,000. Impact Partnership Wealth LLC grew its stake in shares of General Dynamics by 411.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 107 shares during the period. Rakuten Securities Inc. bought a new stake in shares of General Dynamics in the 4th quarter valued at approximately $38,000. Wetzel Investment Advisors Inc. bought a new stake in shares of General Dynamics in the 4th quarter valued at approximately $38,000. Finally, Operose Advisors LLC bought a new stake in General Dynamics during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Performance

GD stock traded up $1.39 during mid-day trading on Tuesday, hitting $292.70. 1,132,059 shares of the company were exchanged, compared to its average volume of 1,066,708. The business has a 50 day simple moving average of $279.51 and a 200-day simple moving average of $260.57. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $80.31 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 1.83 and a beta of 0.68. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). The company 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 revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business earned $3.58 earnings per share. On average, equities analysts forecast that General Dynamics Co. will post 14.57 earnings per share for the current year.

General Dynamics Increases Dividend

The company 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 $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.94%. 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 (DPR) is 47.25%.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark C. Roualet sold 73,330 shares of the company’s 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 transaction, the executive vice president now owns 149,205 shares in the company, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on GD shares. Susquehanna increased their price target on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. The Goldman Sachs Group increased their price target on General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Royal Bank of Canada increased their price target on General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Citigroup increased their price target on General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Alembic Global Advisors downgraded 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. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $283.80.

General Dynamics Company 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.