General Dynamics Co. (NYSE:GD) Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. cut its stake in General Dynamics Co. (NYSE:GD) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,189 shares of the aerospace company’s stock after selling 91 shares during the period. Valmark Advisers Inc.’s holdings in General Dynamics were worth $1,867,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Impact Partnership Wealth LLC increased its holdings in shares of General Dynamics by 411.5% during 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 during the period. Exchange Traded Concepts LLC boosted its position in shares of General Dynamics by 1,406.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,696 shares of the aerospace company’s stock valued at $596,000 after purchasing an additional 2,517 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of General Dynamics by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 93,437 shares of the aerospace company’s stock valued at $20,647,000 after purchasing an additional 280 shares during the period. Aaron Wealth Advisors LLC boosted its position in shares of General Dynamics by 8.9% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $280,000 after purchasing an additional 104 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in shares of General Dynamics by 19.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,693 shares of the aerospace company’s stock valued at $374,000 after purchasing an additional 272 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the business’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 completion of the sale, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GD. Royal Bank of Canada decreased their price target on General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. increased their price target on General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a research report on Thursday. Susquehanna increased their price target on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research report on Friday, April 12th. UBS Group increased their price target on General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Finally, Wells Fargo & Company raised their price objective on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.63.

General Dynamics Stock Down 0.2 %

Shares of General Dynamics stock traded down $0.49 during trading on Friday, hitting $284.41. 1,244,205 shares of the stock traded hands, compared to its average volume of 1,231,567. The stock has a market cap of $78.03 billion, a P/E ratio of 23.20, a PEG ratio of 1.81 and a beta of 0.68. 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 twelve month low of $202.35 and a twelve month high of $296.50. The company has a fifty day moving average price of $280.86 and a two-hundred day moving average price of $261.71.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($0.01). The firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.26 billion. General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.64 earnings per share. Equities research analysts predict that General Dynamics Co. will post 14.56 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be issued a $1.42 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, April 11th. General Dynamics’s payout ratio is 46.33%.

General Dynamics Company 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.