Expressive Wealth LLC bought a new position in shares of General Dynamics Corporation (NYSE:GD – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,798 shares of the aerospace company’s stock, valued at approximately $605,000.
Other large investors have also made changes to their positions in the company. Dunhill Financial LLC raised its stake in shares of General Dynamics by 620.0% during the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock worth $25,000 after buying an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in General Dynamics in the 3rd quarter valued at $25,000. Dagco Inc. acquired a new position in General Dynamics in the 4th quarter valued at $25,000. Burkett Financial Services LLC raised its stake in General Dynamics by 650.0% in the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 65 shares during the last quarter. Finally, Steph & Co. raised its stake in General Dynamics by 65.2% in the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 30 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at General Dynamics
In related news, CEO Phebe N. Novakovic sold 32,918 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the completion of the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at $271,394,759.13. This trade represents a 4.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total value of $1,350,016.50. Following the transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at $15,825,134.50. This trade represents a 7.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 119,600 shares of company stock worth $41,650,580. 1.40% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Get Our Latest Analysis on General Dynamics
General Dynamics Trading Up 0.6%
NYSE GD opened at $345.02 on Wednesday. General Dynamics Corporation has a 12 month low of $268.10 and a 12 month high of $369.70. The stock has a market capitalization of $93.30 billion, a P/E ratio of 21.71, a PEG ratio of 2.13 and a beta of 0.34. The firm’s 50-day moving average is $341.38 and its two-hundred day moving average is $346.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.90.
General Dynamics (NYSE:GD – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.67 by $0.43. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The firm had revenue of $13.48 billion for the quarter, compared to analyst estimates of $12.70 billion. During the same period in the prior year, the business posted $3.66 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, sell-side analysts anticipate that General Dynamics Corporation will post 16.62 earnings per share for the current year.
General Dynamics Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 10th were issued a $1.59 dividend. The ex-dividend date was Friday, April 10th. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s dividend payout ratio (DPR) is currently 40.03%.
General Dynamics Company Profile
General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.
Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.
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