Integrated Advisors Network LLC Boosts Stake in General Dynamics Co. (NYSE:GD)

Integrated Advisors Network LLC lifted its stake in General Dynamics Co. (NYSE:GD) by 757.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,783 shares of the aerospace company’s stock after purchasing an additional 15,708 shares during the period. Integrated Advisors Network LLC’s holdings in General Dynamics were worth $4,618,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GD. Johnson Investment Counsel Inc. increased its stake in General Dynamics by 13.7% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 3,440 shares of the aerospace company’s stock worth $760,000 after buying an additional 414 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of General Dynamics by 9.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 41,650 shares of the aerospace company’s stock valued at $9,203,000 after purchasing an additional 3,686 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of General Dynamics by 29.6% during the 3rd quarter. Checchi Capital Advisers LLC now owns 3,991 shares of the aerospace company’s stock valued at $882,000 after purchasing an additional 912 shares during the last quarter. WCG Wealth Advisors LLC boosted its holdings in shares of General Dynamics by 15.2% during the 3rd quarter. WCG Wealth Advisors LLC now owns 11,523 shares of the aerospace company’s stock valued at $2,568,000 after purchasing an additional 1,519 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in shares of General Dynamics by 2.3% during the 3rd quarter. Rafferty Asset Management LLC now owns 38,525 shares of the aerospace company’s stock valued at $8,513,000 after purchasing an additional 871 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 0.3 %

GD stock traded down $0.74 during trading on Friday, hitting $291.78. 639,947 shares of the company’s stock traded hands, compared to its average volume of 802,686. The firm has a market capitalization of $80.05 billion, a P/E ratio of 23.80, a PEG ratio of 1.66 and a beta of 0.64. General Dynamics Co. has a 1 year low of $209.25 and a 1 year high of $302.42. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $292.61 and a two-hundred day simple moving average of $274.74.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the firm posted $2.64 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that General Dynamics Co. will post 14.55 EPS for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $5.68 dividend on an annualized basis and a yield of 1.95%. General Dynamics’s payout ratio is 46.33%.

Insider Transactions at General Dynamics

In related news, CFO Kimberly A. Kuryea sold 13,344 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the sale, the chief financial officer now owns 79,255 shares of the company’s stock, valued at approximately $23,630,670.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other General Dynamics news, VP Mark Lagrand Burns sold 12,089 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $296.59, for a total value of $3,585,476.51. Following the transaction, the vice president now directly owns 64,132 shares in the company, valued at approximately $19,020,909.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kimberly A. Kuryea sold 13,344 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the transaction, the chief financial officer now owns 79,255 shares in the company, valued at $23,630,670.80. The disclosure for this sale can be found here. Insiders sold 118,486 shares of company stock valued at $34,391,642 over the last 90 days. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wells Fargo & Company increased their price target on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Royal Bank of Canada lowered their price target on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Susquehanna increased their price target on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a report on Friday, April 12th. Jefferies Financial Group raised shares of General Dynamics from a “hold” rating to a “buy” rating and increased their price target for the company from $305.00 to $335.00 in a report on Monday, April 29th. Finally, The Goldman Sachs Group increased their price target on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $300.63.

General Dynamics Company 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.