Schechter Investment Advisors LLC Increases Stock Position in General Dynamics Co. (NYSE:GD)

Schechter Investment Advisors LLC boosted its position in General Dynamics Co. (NYSE:GD) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,591 shares of the aerospace company’s stock after purchasing an additional 49 shares during the quarter. Schechter Investment Advisors LLC’s holdings in General Dynamics were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GD. EverSource Wealth Advisors LLC raised its holdings in General Dynamics by 6.5% in the third quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company’s stock worth $152,000 after buying an additional 42 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in General Dynamics by 2.3% in the third quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock worth $408,000 after buying an additional 42 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in General Dynamics by 1.6% in the third quarter. Alliance Wealth Advisors LLC UT now owns 2,706 shares of the aerospace company’s stock worth $598,000 after buying an additional 43 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in General Dynamics by 2.2% in the third quarter. Parkside Financial Bank & Trust now owns 2,013 shares of the aerospace company’s stock worth $445,000 after buying an additional 44 shares during the last quarter. Finally, PSI Advisors LLC raised its holdings in General Dynamics by 40.4% in the third quarter. PSI Advisors LLC now owns 160 shares of the aerospace company’s stock worth $35,000 after buying an additional 46 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Stock Up 1.3 %

Shares of GD stock opened at $281.90 on Thursday. The company’s fifty day moving average price is $269.65 and its 200-day moving average price is $251.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. General Dynamics Co. has a one year low of $202.35 and a one year high of $284.75. The company has a market capitalization of $77.34 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 1.77 and a beta of 0.68.

General Dynamics (NYSE:GD) last released 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 the consensus estimate of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.58 EPS. Sell-side analysts expect that General Dynamics Co. will post 14.59 EPS for the current fiscal year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be issued a $1.42 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.01%. General Dynamics’s payout ratio is presently 43.93%.

Insider Activity at General Dynamics

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

Wall Street Analyst Weigh In

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

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.