Lighthouse Financial Services Inc. ADV Acquires New Shares in General Dynamics Corporation $GD

Lighthouse Financial Services Inc. ADV acquired a new stake in General Dynamics Corporation (NYSE:GD) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,664 shares of the aerospace company’s stock, valued at approximately $560,000.

Several other large investors have also bought and sold shares of GD. Dunhill Financial LLC boosted its stake in General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in General Dynamics in the third quarter valued at about $25,000. Dagco Inc. acquired a new stake in General Dynamics in the fourth quarter valued at about $25,000. Burkett Financial Services LLC boosted its stake in General Dynamics by 650.0% in the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after buying an additional 65 shares in the last quarter. Finally, Steph & Co. boosted its stake in General Dynamics by 65.2% in the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after buying an additional 30 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Lagrand Burns sold 10,153 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $354.95, for a total value of $3,603,807.35. Following the transaction, the executive vice president owned 38,975 shares of the company’s stock, valued at $13,834,176.25. This trade represents a 20.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,260 shares of company stock valued at $18,133,971 over the last three months. 1.40% of the stock is owned by insiders.

General Dynamics Price Performance

General Dynamics stock opened at $346.48 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $93.70 billion, a PE ratio of 21.80, a P/E/G ratio of 2.16 and a beta of 0.34. General Dynamics Corporation has a 12 month low of $267.39 and a 12 month high of $369.70. The stock has a 50-day moving average price of $345.45 and a two-hundred day moving average price of $346.69.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.67 by $0.43. The firm had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $12.70 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $3.66 earnings per share. Analysts expect that General Dynamics Corporation will post 16.62 EPS 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 given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date was Friday, April 10th. General Dynamics’s dividend payout ratio is 40.03%.

Analysts Set New Price Targets

Several research firms recently weighed in on GD. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $398.00 price objective on shares of General Dynamics in a research note on Monday, January 12th. DA Davidson dropped their target price on General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. Wells Fargo & Company started coverage on General Dynamics in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their target price on General Dynamics from $387.00 to $377.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group dropped their target price on General Dynamics from $385.00 to $380.00 and set a “hold” rating for the company in a research report on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $388.20.

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.