General Dynamics Co. (NYSE:GD) Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its position in General Dynamics Co. (NYSE:GD) by 0.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,564 shares of the aerospace company’s stock after acquiring an additional 83 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in General Dynamics were worth $2,520,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of GD. Vanguard Group Inc. grew its position in General Dynamics by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company’s stock valued at $6,265,813,000 after buying an additional 706,317 shares during the last quarter. Capital Research Global Investors boosted its holdings in General Dynamics by 7.4% in the 4th quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company’s stock valued at $1,774,381,000 after purchasing an additional 463,497 shares in the last quarter. Geode Capital Management LLC increased its position in General Dynamics by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,688,672 shares of the aerospace company’s stock worth $1,496,939,000 after purchasing an additional 131,268 shares during the period. Sanders Capital LLC raised its stake in shares of General Dynamics by 0.8% during the 4th quarter. Sanders Capital LLC now owns 4,212,422 shares of the aerospace company’s stock worth $1,109,931,000 after buying an additional 33,962 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of General Dynamics by 10.6% in the 4th quarter. Invesco Ltd. now owns 2,428,644 shares of the aerospace company’s stock valued at $639,923,000 after buying an additional 232,383 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In other news, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the transaction, the director now owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the sale, the senior vice president now owns 45,192 shares of the company’s stock, valued at approximately $12,297,195.12. This represents a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

GD stock opened at $272.30 on Monday. The stock has a market capitalization of $73.08 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The stock’s fifty day simple moving average is $264.21 and its 200-day simple moving average is $271.77. General Dynamics Co. has a 52-week low of $239.20 and a 52-week high of $316.90. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.43 by $0.23. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The company had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.92 billion. Equities research analysts expect that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a dividend yield of 2.20%. General Dynamics’s payout ratio is currently 41.61%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GD shares. BTIG Research cut General Dynamics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 13th. TD Securities increased their price target on shares of General Dynamics from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday. Cowen restated a “buy” rating on shares of General Dynamics in a research report on Thursday. Citigroup reduced their price target on shares of General Dynamics from $335.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Robert W. Baird restated a “neutral” rating and issued a $283.00 price target (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Hold” and an average price target of $293.83.

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.