SVB Wealth LLC Has $695,000 Stock Position in General Dynamics Co. (NYSE:GD)

SVB Wealth LLC boosted its stake in shares of General Dynamics Co. (NYSE:GD) by 33.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,675 shares of the aerospace company’s stock after buying an additional 666 shares during the period. SVB Wealth LLC’s holdings in General Dynamics were worth $695,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Regent Peak Wealth Advisors LLC raised its holdings in General Dynamics by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock worth $2,812,000 after buying an additional 41 shares during the period. Cornercap Investment Counsel Inc. raised its holdings in General Dynamics by 0.4% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock worth $2,695,000 after buying an additional 41 shares during the period. EverSource Wealth Advisors LLC raised its holdings in General Dynamics by 6.5% during the 3rd 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 period. Raleigh Capital Management Inc. grew its stake in shares of General Dynamics by 2.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock worth $408,000 after acquiring an additional 42 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT grew its stake in shares of General Dynamics by 1.6% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 2,706 shares of the aerospace company’s stock worth $598,000 after acquiring an additional 43 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics 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 of the company’s stock, valued at $39,502,023.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics 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 of the company’s stock, valued at $39,502,023.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics 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 directly 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. Insiders own 1.52% of the company’s stock.

General Dynamics Trading Up 1.2 %

Shares of General Dynamics stock opened at $288.74 on Friday. The business has a fifty day simple moving average of $279.07 and a two-hundred day simple moving average of $259.49. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $296.50. The company has a market capitalization of $79.22 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 1.81 and a beta of 0.68. 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 (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. During the same period in the prior year, the business earned $3.58 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts forecast that General Dynamics Co. will post 14.57 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be issued a dividend of $1.42 per share. This is an increase 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 annualized dividend and a yield of 1.97%. General Dynamics’s dividend payout ratio (DPR) is currently 47.25%.

Wall Street Analyst Weigh In

GD has been the subject of several research reports. UBS Group raised 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 cut 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. Susquehanna raised their price target on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research note on Friday, April 12th. Royal Bank of Canada raised their price target on shares of General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Finally, Barclays raised their price target on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.80.

About General Dynamics

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.