General Dynamics Co. (NYSE:GD) Shares Bought by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT grew its holdings in General Dynamics Co. (NYSE:GD) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,778 shares of the aerospace company’s stock after buying an additional 72 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in General Dynamics were worth $721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Headlands Technologies LLC grew its holdings in shares of General Dynamics by 1,261.1% in the fourth quarter. Headlands Technologies LLC now owns 735 shares of the aerospace company’s stock valued at $191,000 after purchasing an additional 681 shares during the period. Bahl & Gaynor Inc. grew its holdings in shares of General Dynamics by 3.0% in the fourth quarter. Bahl & Gaynor Inc. now owns 3,064 shares of the aerospace company’s stock valued at $796,000 after purchasing an additional 89 shares during the period. Syon Capital LLC grew its holdings in shares of General Dynamics by 30.0% in the fourth quarter. Syon Capital LLC now owns 2,026 shares of the aerospace company’s stock valued at $526,000 after purchasing an additional 468 shares during the period. Meritage Portfolio Management grew its holdings in shares of General Dynamics by 29.7% in the fourth quarter. Meritage Portfolio Management now owns 1,328 shares of the aerospace company’s stock valued at $345,000 after purchasing an additional 304 shares during the period. Finally, Roffman Miller Associates Inc. PA grew its holdings in shares of General Dynamics by 648.1% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 39,587 shares of the aerospace company’s stock valued at $10,280,000 after purchasing an additional 34,295 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Down 0.2 %

Shares of NYSE GD traded down $0.49 during midday trading on Friday, hitting $284.41. The company’s stock had a trading volume of 1,244,205 shares, compared to its average volume of 1,231,567. The business’s fifty day simple moving average is $280.86 and its two-hundred day simple moving average is $261.71. 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 1 year low of $202.35 and a 1 year high of $296.50. The firm has a market capitalization of $78.03 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68.

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). The business had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.64 EPS. On average, equities analysts predict that General Dynamics Co. will post 14.56 EPS for the current year.

General Dynamics Increases Dividend

The company also recently announced 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 boost from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. This represents a $5.68 annualized dividend and a yield of 2.00%. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

Analysts Set New Price Targets

GD has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a report on Thursday. UBS Group increased their target price 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. Barclays increased their target price 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. Finally, Royal Bank of Canada lowered their target price on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average price target of $285.63.

Insiders Place Their Bets

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the sale, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.52% of the stock is owned by corporate insiders.

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.