Gray Wealth Management Inc. Sells 41 Shares of General Dynamics Co. (NYSE:GD)

Gray Wealth Management Inc. decreased its stake in General Dynamics Co. (NYSE:GD) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,773 shares of the aerospace company’s stock after selling 41 shares during the period. Gray Wealth Management Inc.’s holdings in General Dynamics were worth $460,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of GD. Certified Advisory Corp purchased a new stake in General Dynamics during the first quarter valued at about $25,000. Live Oak Investment Partners bought a new stake in shares of General Dynamics during the 4th quarter valued at $30,000. Briaud Financial Planning Inc purchased a new stake in General Dynamics during the 3rd quarter worth about $27,000. Impact Partnership Wealth LLC boosted its stake in General Dynamics by 411.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 107 shares during the period. Finally, Tyler Stone Wealth Management purchased a new position in General Dynamics during the 2nd quarter valued at about $30,000. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Royal Bank of Canada lifted their price objective on General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. UBS Group upped their target price on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Finally, StockNews.com downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $283.80.

General Dynamics Trading Up 0.3 %

NYSE:GD traded up $0.81 during trading hours on Thursday, reaching $285.27. The company’s stock had a trading volume of 600,701 shares, compared to its average volume of 1,068,297. The firm has a 50-day simple moving average of $278.37 and a 200-day simple moving average of $258.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. 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 $78.27 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.81 and a beta of 0.68.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.39 billion. During the same quarter in the prior year, the firm posted $3.58 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Research analysts expect that General Dynamics Co. will post 14.57 EPS for the current fiscal year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders 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 dividend yield of 1.99%. General Dynamics’s dividend payout ratio (DPR) is currently 47.25%.

Insider Buying and Selling

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 773,977 shares in the company, valued at $204,569,860.87. The disclosure for this sale can be found here. 1.52% of the stock is owned by 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.