Schechter Investment Advisors LLC Buys 49 Shares of General Dynamics Co. (NYSE:GD)

Schechter Investment Advisors LLC grew its stake in shares of General Dynamics Co. (NYSE:GD) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,591 shares of the aerospace company’s stock after purchasing an additional 49 shares during the period. Schechter Investment Advisors LLC’s holdings in General Dynamics were worth $1,192,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Certified Advisory Corp purchased a new position in General Dynamics during the 1st quarter valued at about $25,000. Briaud Financial Planning Inc purchased a new position in General Dynamics during the 3rd quarter valued at about $27,000. Impact Partnership Wealth LLC lifted its position in General Dynamics by 411.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 107 shares during the period. Live Oak Investment Partners purchased a new position in General Dynamics during the 4th quarter valued at about $30,000. Finally, Tyler Stone Wealth Management purchased a new position in General Dynamics during the 2nd quarter valued at about $30,000. Institutional investors own 86.14% of the company’s stock.

Insider Activity

In related news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the transaction, the executive vice president now owns 149,205 shares in the company, valued at approximately $39,502,023.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the transaction, the chief executive officer now directly owns 773,977 shares in the company, valued at $204,569,860.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark C. Roualet sold 73,330 shares of the business’s stock in a transaction dated 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 owns 149,205 shares in the company, valued at $39,502,023.75. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $300.00 target price on shares of General Dynamics in a report on Thursday, January 25th. StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. Citigroup lifted their target price on shares of General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Alembic Global Advisors cut shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price for the company. in a report on Monday, January 29th. Finally, UBS Group lifted their target price on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $271.69.

General Dynamics Stock Performance

Shares of GD stock opened at $281.90 on Thursday. The company has a 50 day moving average price of $269.65 and a 200-day moving average price of $251.54. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $284.75. The firm has a market capitalization of $77.34 billion, a PE ratio of 23.45, a P/E/G ratio of 1.77 and a beta of 0.68. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The business had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.58 earnings per share. As a group, equities research analysts expect that General Dynamics Co. will post 14.59 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be given a dividend of $1.42 per share. The ex-dividend date is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a yield of 2.01%. General Dynamics’s payout ratio is 43.93%.

General Dynamics 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.