Wolverine Asset Management LLC Purchases Shares of 8,500 General Dynamics Co. (NYSE:GD)

Wolverine Asset Management LLC acquired a new position in shares of General Dynamics Co. (NYSE:GD) during the fourth quarter, Holdings Channel reports. The fund acquired 8,500 shares of the aerospace company’s stock, valued at approximately $2,207,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GD. Briaud Financial Planning Inc bought a new position in shares of General Dynamics during the 3rd quarter worth about $27,000. Impact Partnership Wealth LLC raised its holdings 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 worth $29,000 after acquiring an additional 107 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in shares of General Dynamics in the 4th quarter worth about $38,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of General Dynamics in the 4th quarter worth about $38,000. Finally, Operose Advisors LLC acquired a new stake in shares of General Dynamics in the 3rd quarter worth about $40,000. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly 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 can be accessed through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction on Monday, January 29th. The stock was 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 of the company’s stock, valued at $204,569,860.87. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GD. Alembic Global Advisors lowered shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a report on Monday, January 29th. Wells Fargo & Company raised their price target on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. The Goldman Sachs Group raised 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. Citigroup raised their price target on shares of General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $283.80.

General Dynamics Stock Down 4.0 %

GD opened at $281.15 on Thursday. The company has a 50 day moving average of $280.26 and a 200 day moving average of $261.22. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $296.50. The company has a market cap of $77.14 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.86 and a beta of 0.68.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The firm had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the previous year, the business earned $2.64 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that General Dynamics Co. will post 14.56 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. Shareholders of record on Friday, April 12th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.02%. This is an increase 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 presently 47.25%.

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.