General Dynamics Corporation $GD Shares Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,926 shares of the aerospace company’s stock after acquiring an additional 1,897 shares during the quarter. Soltis Investment Advisors LLC’s holdings in General Dynamics were worth $6,035,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Ranch Capital Advisors Inc. increased its holdings in shares of General Dynamics by 5.9% during the fourth quarter. Ranch Capital Advisors Inc. now owns 6,511 shares of the aerospace company’s stock valued at $2,192,000 after acquiring an additional 361 shares in the last quarter. iA Global Asset Management Inc. increased its holdings in shares of General Dynamics by 32.6% during the fourth quarter. iA Global Asset Management Inc. now owns 14,350 shares of the aerospace company’s stock valued at $4,831,000 after acquiring an additional 3,528 shares in the last quarter. May Hill Capital LLC acquired a new position in shares of General Dynamics during the fourth quarter valued at about $382,000. Beese Fulmer Investment Management Inc. increased its holdings in shares of General Dynamics by 21.2% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 6,276 shares of the aerospace company’s stock valued at $2,113,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan boosted its position in General Dynamics by 12.7% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 6,942 shares of the aerospace company’s stock valued at $2,337,000 after buying an additional 780 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In related news, CEO Phebe N. Novakovic sold 32,918 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total value of $11,655,934.62. Following the completion of the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at $271,394,759.13. The trade was a 4.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the completion of the transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at approximately $15,825,134.50. This represents a 7.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 119,600 shares of company stock worth $41,650,580 in the last three months. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GD. DA Davidson dropped their target price on General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $385.00 target price on shares of General Dynamics in a research report on Thursday, April 30th. BNP Paribas Exane dropped their target price on General Dynamics from $430.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their target price on General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Citigroup dropped their target price on General Dynamics from $389.00 to $380.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $388.20.

General Dynamics Trading Down 1.9%

General Dynamics stock opened at $334.29 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm has a market cap of $90.40 billion, a PE ratio of 21.04, a P/E/G ratio of 2.07 and a beta of 0.34. The stock’s 50 day simple moving average is $343.59 and its two-hundred day simple moving average is $346.67. General Dynamics Corporation has a 12 month low of $268.10 and a 12 month high of $369.70.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.43. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The firm had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $12.70 billion. During the same period in the previous year, the business posted $3.66 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. Analysts anticipate that General Dynamics Corporation will post 16.62 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 10th were paid a $1.59 dividend. The ex-dividend date was Friday, April 10th. This represents a $6.36 annualized dividend and a dividend yield of 1.9%. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s dividend payout ratio (DPR) is presently 40.03%.

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.