Executive Wealth Management LLC purchased a new stake in 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 purchased 959 shares of the aerospace company’s stock, valued at approximately $151,000.

A number of other hedge funds have also recently made changes to their positions in the business. Ontario Teachers Pension Plan Board lifted its stake in shares of General Dynamics by 256.4% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 7,364 shares of the aerospace company’s stock worth $1,508,000 after buying an additional 5,298 shares during the last quarter. U S Global Investors Inc. lifted its stake in shares of General Dynamics by 3.4% during the 4th quarter. U S Global Investors Inc. now owns 15,151 shares of the aerospace company’s stock worth $2,382,000 after buying an additional 499 shares during the last quarter. Tompkins Financial Corp lifted its stake in shares of General Dynamics by 3.8% during the 4th quarter. Tompkins Financial Corp now owns 16,406 shares of the aerospace company’s stock worth $2,579,000 after buying an additional 608 shares during the last quarter. Iberiabank Corp lifted its stake in shares of General Dynamics by 6.0% during the 4th quarter. Iberiabank Corp now owns 10,339 shares of the aerospace company’s stock worth $1,625,000 after buying an additional 581 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth about $241,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

NYSE:GD opened at $166.90 on Wednesday. General Dynamics Co. has a 52 week low of $143.87 and a 52 week high of $229.74. The stock has a market cap of $48.11 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 1.55 and a beta of 1.13. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.83 and a current ratio of 1.23.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 30th. The aerospace company reported $3.07 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.09. General Dynamics had a net margin of 9.24% and a return on equity of 28.33%. The business had revenue of $10.38 billion for the quarter, compared to analyst estimates of $10.34 billion. During the same period last year, the firm earned $2.50 earnings per share. General Dynamics’s revenue for the quarter was up 25.4% compared to the same quarter last year. Equities research analysts anticipate that General Dynamics Co. will post 11.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.44%. This is a positive change from General Dynamics’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Thursday, April 11th. General Dynamics’s dividend payout ratio (DPR) is currently 32.57%.

In other General Dynamics news, Director Lester L. Lyles sold 4,580 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $172.42, for a total value of $789,683.60. Following the transaction, the director now directly owns 12,314 shares of the company’s stock, valued at approximately $2,123,179.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Gary L. Whited sold 14,640 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $165.38, for a total transaction of $2,421,163.20. Following the completion of the transaction, the vice president now directly owns 30,462 shares in the company, valued at $5,037,805.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,547 shares of company stock worth $3,609,299. 6.90% of the stock is owned by insiders.

A number of analysts have recently issued reports on GD shares. Zacks Investment Research cut shares of General Dynamics from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Cowen restated a “buy” rating on shares of General Dynamics in a research note on Wednesday, March 6th. FIG Partners upgraded shares of General Dynamics to an “add” rating in a research note on Tuesday, January 8th. Barclays cut their target price on shares of General Dynamics from $256.00 to $210.00 and set an “overweight” rating for the company in a research note on Tuesday, December 4th. Finally, Citigroup cut their target price on shares of General Dynamics from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Monday, January 14th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $207.88.

ILLEGAL ACTIVITY NOTICE: This report was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.watchlistnews.com/executive-wealth-management-llc-invests-151000-in-general-dynamics-co-gd-stock/2920778.html.

General Dynamics Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

See Also: How a Strangle Strategy is different from a Straddle Strategy

Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.