Court Place Advisors LLC Makes New $207,000 Investment in General Dynamics Co. (NYSE:GD)

Court Place Advisors LLC bought a new position in shares of General Dynamics Co. (NYSE:GD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 796 shares of the aerospace company’s stock, valued at approximately $207,000.

Several other hedge funds have also recently modified their holdings of GD. Certified Advisory Corp bought a new stake in General Dynamics during the 1st quarter valued at $25,000. Briaud Financial Planning Inc bought a new stake in General Dynamics during the 3rd quarter valued at $27,000. Impact Partnership Wealth LLC raised its holdings 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 shares of General Dynamics during the 4th quarter valued at $30,000. Finally, Tyler Stone Wealth Management purchased a new position in shares of General Dynamics during the 2nd quarter valued at $30,000. Institutional investors own 86.14% of the company’s stock.

Insider Activity

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the transaction, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the transaction, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction that occurred 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 directly owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

General Dynamics Trading Down 0.3 %

NYSE GD traded down $0.82 during trading on Wednesday, hitting $284.48. 708,708 shares of the company’s stock traded hands, compared to its average volume of 1,074,614. The stock has a fifty day moving average of $278.07 and a two-hundred day moving average of $258.67. 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 12-month low of $202.35 and a 12-month high of $296.50. The firm has a market cap of $78.05 billion, a P/E ratio of 23.73, a PEG ratio of 1.81 and a beta of 0.68.

General Dynamics (NYSE:GD) last posted 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). 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 business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.58 earnings per share. As a group, sell-side analysts expect that General Dynamics Co. will post 14.57 EPS for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.00%. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. General Dynamics’s dividend payout ratio is 47.25%.

Analyst Ratings Changes

A number of research analysts have recently commented on GD shares. Barclays boosted their price target on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Royal Bank of Canada upped their target price on shares of General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. UBS Group upped their target price on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Finally, Citigroup upped their target price on shares of General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $283.80.

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.