General Dynamics Corporation $GD Shares Acquired by Sivia Capital Partners LLC

Sivia Capital Partners LLC increased its position in General Dynamics Corporation (NYSE:GD) by 139.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,395 shares of the aerospace company’s stock after acquiring an additional 1,980 shares during the period. Sivia Capital Partners LLC’s holdings in General Dynamics were worth $1,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Joule Financial LLC grew its holdings in shares of General Dynamics by 4.3% in the 4th quarter. Joule Financial LLC now owns 705 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 29 shares during the period. Brown Miller Wealth Management LLC grew its holdings in shares of General Dynamics by 0.3% in the 4th quarter. Brown Miller Wealth Management LLC now owns 8,889 shares of the aerospace company’s stock worth $2,993,000 after acquiring an additional 29 shares during the period. First Financial Bankshares Inc grew its holdings in shares of General Dynamics by 2.6% in the 3rd quarter. First Financial Bankshares Inc now owns 1,196 shares of the aerospace company’s stock worth $408,000 after acquiring an additional 30 shares during the period. Steph & Co. grew its holdings in General Dynamics by 65.2% during the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after buying an additional 30 shares during the last quarter. Finally, Revolve Wealth Partners LLC grew its holdings in General Dynamics by 3.3% during the 4th quarter. Revolve Wealth Partners LLC now owns 978 shares of the aerospace company’s stock valued at $329,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

GD stock opened at $337.66 on Thursday. General Dynamics Corporation has a 52-week low of $268.10 and a 52-week high of $369.70. The stock’s fifty day simple moving average is $340.31 and its 200-day simple moving average is $346.32. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $91.31 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 2.09 and a beta of 0.34.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.43. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The business had revenue of $13.48 billion for the quarter, compared to analysts’ expectations of $12.70 billion. During the same quarter last year, the firm earned $3.66 earnings per share. The business’s revenue was up 10.3% on a year-over-year basis. Equities research analysts expect that General Dynamics Corporation will post 16.62 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $1.59 per share. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 annualized dividend and a dividend yield of 1.9%. General Dynamics’s dividend payout ratio (DPR) is 40.03%.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of analyst reports. Weiss Ratings cut General Dynamics from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 19th. Argus increased their target price on General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft lowered their target price on General Dynamics from $387.00 to $377.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $385.00 target price on shares of General Dynamics in a report on Thursday, April 30th. Finally, Jefferies Financial Group lowered their target price on General Dynamics from $385.00 to $380.00 and set a “hold” rating on the stock in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $387.40.

Insider Transactions at General Dynamics

In other news, EVP Mark Lagrand Burns sold 36,480 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the sale, the executive vice president owned 38,975 shares in the company, valued at $13,457,677.75. This trade represents a 48.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total value of $1,350,016.50. Following the sale, the executive vice president owned 44,767 shares in the company, valued at $15,825,134.50. This trade represents a 7.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,600 shares of company stock worth $41,650,580 over the last quarter. 1.40% of the stock is currently owned by insiders.

About General Dynamics

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.