1,795 Shares in General Dynamics Corporation $GD Purchased by SHP Wealth Management

SHP Wealth Management acquired a new position in shares of General Dynamics Corporation (NYSE:GD) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,795 shares of the aerospace company’s stock, valued at approximately $605,000.

A number of other hedge funds have also made changes to their positions in GD. Stenger Family Office LLC lifted its position in shares of General Dynamics by 20.9% in the fourth quarter. Stenger Family Office LLC now owns 7,508 shares of the aerospace company’s stock valued at $2,528,000 after acquiring an additional 1,299 shares in the last quarter. EJMK Ventures LLC purchased a new stake in shares of General Dynamics during the fourth quarter worth approximately $344,000. Wick Capital Partners LLC purchased a new stake in shares of General Dynamics during the fourth quarter worth approximately $373,000. Tempo Wealth LLC acquired a new position in General Dynamics in the 4th quarter valued at $368,000. Finally, Thryve Wealth Management LLC purchased a new position in General Dynamics in the 4th quarter valued at $390,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, EVP Mark Lagrand Burns sold 36,480 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the sale, the executive vice president owned 38,975 shares of the company’s stock, valued at $13,457,677.75. The trade was a 48.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.

General Dynamics Stock Up 0.1%

Shares of NYSE:GD opened at $350.39 on Friday. The company has a market capitalization of $94.76 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.17 and a beta of 0.34. General Dynamics Corporation has a 12-month low of $275.49 and a 12-month high of $369.70. The business has a 50-day moving average price of $341.10 and a 200 day moving average price of $347.20. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. The company had revenue of $13.48 billion for the quarter, compared to analysts’ expectations of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. General Dynamics’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.66 earnings per share. Sell-side analysts expect that General Dynamics Corporation will post 16.62 EPS for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 2nd will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is presently 40.03%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GD shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Dynamics from $387.00 to $377.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. UBS Group upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating in a research report on Thursday, June 11th. Jefferies Financial Group raised shares of General Dynamics from a “hold” rating to a “buy” rating and raised their price target for the stock from $380.00 to $400.00 in a research note on Thursday, June 11th. JPMorgan Chase & Co. upped their price objective on shares of General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of General Dynamics from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $388.40.

General Dynamics 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.