Arkadios Wealth Advisors Raises Holdings in General Dynamics Co. (NYSE:GD)

Arkadios Wealth Advisors lifted its stake in General Dynamics Co. (NYSE:GD – Get Rating) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,355 shares of the aerospace company’s stock after acquiring an additional 1,005 shares during the period. Arkadios Wealth Advisors’ holdings in General Dynamics were worth $2,817,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC boosted its position in General Dynamics by 3.7% during the third quarter. Harbor Investment Advisory LLC now owns 1,163 shares of the aerospace company’s stock worth $247,000 after purchasing an additional 41 shares in the last quarter. Valmark Advisers Inc. boosted its holdings in General Dynamics by 0.5% in the third quarter. Valmark Advisers Inc. now owns 7,503 shares of the aerospace company’s stock valued at $1,592,000 after purchasing an additional 41 shares during the period. TRUE Private Wealth Advisors lifted its holdings in General Dynamics by 4.1% during the 3rd quarter. TRUE Private Wealth Advisors now owns 1,070 shares of the aerospace company’s stock worth $227,000 after buying an additional 42 shares during the last quarter. Linscomb & Williams Inc. lifted its holdings in General Dynamics by 0.3% during the 2nd quarter. Linscomb & Williams Inc. now owns 15,221 shares of the aerospace company’s stock worth $3,368,000 after buying an additional 44 shares during the last quarter. Finally, Exencial Wealth Advisors LLC increased its position in shares of General Dynamics by 3.7% during the third quarter. Exencial Wealth Advisors LLC now owns 1,220 shares of the aerospace company’s stock worth $259,000 after purchasing an additional 44 shares in the last quarter. 84.83% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Down 0.9 %

NYSE:GD traded down $1.90 on Friday, reaching $218.15. The stock had a trading volume of 2,413,857 shares, compared to its average volume of 1,251,543. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $231.53 and a 200 day moving average of $236.80. The stock has a market cap of $59.87 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 2.01 and a beta of 0.84. General Dynamics Co. has a 12-month low of $207.42 and a 12-month high of $256.86.

General Dynamics (NYSE:GD – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The aerospace company reported $3.58 EPS for the quarter, topping the consensus estimate of $3.53 by $0.05. General Dynamics had a net margin of 8.60% and a return on equity of 18.93%. The business had revenue of $10.85 billion for the quarter, compared to analysts’ expectations of $10.66 billion. During the same quarter last year, the company posted $3.39 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts predict that General Dynamics Co. will post 12.74 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 12th. Stockholders of record on Friday, April 14th will be given a dividend of $1.32 per share. This is a boost from General Dynamics’s previous quarterly dividend of $1.26. The ex-dividend date is Thursday, April 13th. This represents a $5.28 annualized dividend and a dividend yield of 2.42%. General Dynamics’s dividend payout ratio (DPR) is presently 41.31%.

Insider Transactions at General Dynamics

In other news, VP Mark Lagrand Burns sold 27,600 shares of the stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $226.93, for a total transaction of $6,263,268.00. Following the transaction, the vice president now owns 56,909 shares of the company’s stock, valued at $12,914,359.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Cowen boosted their price target on General Dynamics from $260.00 to $285.00 in a research report on Tuesday, January 3rd. Susquehanna dropped their price objective on General Dynamics from $285.00 to $263.00 in a report on Thursday, January 26th. JPMorgan Chase & Co. dropped their price objective on General Dynamics from $260.00 to $245.00 and set an “overweight” rating for the company in a report on Friday, January 27th. Citigroup lowered their price target on General Dynamics from $298.00 to $283.00 and set a “buy” rating for the company in a report on Thursday, January 26th. Finally, Morgan Stanley increased their price target on General Dynamics from $243.00 to $248.00 in a report on Thursday, January 26th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.15.

General Dynamics Profile

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General Dynamics Corp. is a global aerospace and defense company, which engages in design, engineering, and manufacturing to deliver state-of-the-art solutions. It operates through the following business segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment designs, manufactures, and sells business jets.