Arbor Wealth Advisors LLC Purchases New Stake in General Dynamics Co. (NYSE:GD)

Arbor Wealth Advisors LLC bought a new position in shares of General Dynamics Co. (NYSE:GD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,095 shares of the aerospace company’s stock, valued at approximately $804,000. General Dynamics accounts for 0.8% of Arbor Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc bought a new position in shares of General Dynamics in the third quarter valued at approximately $27,000. Impact Partnership Wealth LLC raised its stake in General Dynamics by 411.5% in the third quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 107 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in General Dynamics in the fourth quarter valued at approximately $38,000. Rakuten Securities Inc. purchased a new stake in General Dynamics in the fourth quarter valued at approximately $38,000. Finally, Friedenthal Financial purchased a new stake in General Dynamics in the fourth quarter valued at approximately $45,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of General Dynamics stock traded up $1.39 on Tuesday, reaching $292.70. 1,132,059 shares of the stock were exchanged, compared to its average volume of 1,066,708. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a twelve month low of $202.35 and a twelve month high of $296.50. The firm has a market capitalization of $80.31 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.83 and a beta of 0.68. The business has a 50 day moving average price of $280.02 and a two-hundred day moving average price of $261.08.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The firm had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. During the same period last year, the firm earned $3.58 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts anticipate that General Dynamics Co. will post 14.57 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be issued a $1.42 dividend. The ex-dividend date is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a yield of 1.94%. General Dynamics’s payout ratio is presently 47.25%.

Analyst Ratings Changes

GD has been the topic of a number of recent analyst reports. Alembic Global Advisors downgraded shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a research note on Monday, January 29th. UBS Group lifted their price target on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Barclays lifted their price target on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Citigroup lifted their price target on shares of General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Susquehanna lifted their price target on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research note on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $283.80.

Insider Buying and Selling at General Dynamics

In other news, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the transaction, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate 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.