30,004 Shares in General Dynamics Corporation $GD Purchased by Wick Capital Partners LLC

Wick Capital Partners LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) in the 4th quarter, Holdings Channel reports. The firm purchased 30,004 shares of the aerospace company’s stock, valued at approximately $10,101,000. General Dynamics makes up 0.7% of Wick Capital Partners LLC’s portfolio, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of GD. Dunhill Financial LLC grew its holdings in General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in General Dynamics during the third quarter worth approximately $25,000. Dagco Inc. purchased a new position in General Dynamics during the fourth quarter worth approximately $25,000. Burkett Financial Services LLC boosted its holdings in shares of General Dynamics by 650.0% in the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 65 shares during the last quarter. Finally, Steph & Co. boosted its holdings in shares of General Dynamics by 65.2% in the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE GD opened at $350.39 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.90. General Dynamics Corporation has a 1-year low of $275.49 and a 1-year high of $369.70. The company has a market capitalization of $94.76 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.25 and a beta of 0.34. The business has a 50-day moving average of $341.10 and a 200-day moving average of $347.17.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.67 by $0.43. The firm had revenue of $13.48 billion for the quarter, compared to analyst estimates of $12.70 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.General Dynamics’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.66 EPS. On average, equities analysts anticipate that General Dynamics Corporation will post 16.62 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 2nd. General Dynamics’s payout ratio is presently 40.03%.

Analyst Upgrades and Downgrades

GD has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on General Dynamics from $410.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. DA Davidson reduced their target price on General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Jefferies Financial Group raised General Dynamics from a “hold” rating to a “buy” rating and boosted their price target for the company from $380.00 to $400.00 in a research report on Thursday, June 11th. BNP Paribas Exane dropped their price target on General Dynamics from $430.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded General Dynamics from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average target price of $388.40.

Insider Buying and Selling at General Dynamics

In other news, EVP Mark Lagrand Burns sold 36,480 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the transaction, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,457,677.75. This represents a 48.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

General Dynamics Company Profile

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.