Toth Financial Advisory Corp lifted its stake in General Dynamics Corporation (NYSE:GD – Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,368 shares of the aerospace company’s stock after acquiring an additional 1,483 shares during the period. Toth Financial Advisory Corp’s holdings in General Dynamics were worth $8,877,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Aspiriant LLC raised its stake in shares of General Dynamics by 5.6% in the 4th quarter. Aspiriant LLC now owns 4,680 shares of the aerospace company’s stock worth $1,576,000 after buying an additional 247 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in General Dynamics by 82.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 471 shares of the aerospace company’s stock valued at $159,000 after buying an additional 213 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in General Dynamics by 8.8% during the fourth quarter. Perigon Wealth Management LLC now owns 8,545 shares of the aerospace company’s stock worth $2,877,000 after acquiring an additional 692 shares during the period. Balboa Wealth Partners raised its position in General Dynamics by 4.7% in the fourth quarter. Balboa Wealth Partners now owns 1,831 shares of the aerospace company’s stock worth $616,000 after acquiring an additional 83 shares in the last quarter. Finally, BridgePort Financial Solutions LLC lifted its holdings in General Dynamics by 6.6% in the 4th quarter. BridgePort Financial Solutions LLC now owns 906 shares of the aerospace company’s stock valued at $305,000 after acquiring an additional 56 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.
General Dynamics Price Performance
NYSE GD opened at $349.33 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The company has a market cap of $94.62 billion, a PE ratio of 22.61, a PEG ratio of 2.08 and a beta of 0.38. The stock’s 50-day moving average price is $352.90 and its two-hundred day moving average price is $346.17.
General Dynamics Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be paid a dividend of $1.59 per share. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Friday, April 10th. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is presently 38.83%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of General Dynamics from $389.00 to $380.00 and set a “neutral” rating for the company in a research report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research note on Thursday, January 22nd. Wells Fargo & Company began coverage on shares of General Dynamics in a report on Wednesday. They set an “overweight” rating and a $400.00 target price for the company. Bank of America reaffirmed a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a report on Friday, January 30th. Finally, UBS Group set a $393.00 price objective on General Dynamics in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average price target of $384.42.
Read Our Latest Report on General Dynamics
Insiders Place Their Bets
In related news, EVP Marguerite Amy Gilliland sold 3,819 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at approximately $15,825,134.50. The trade was a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark Rayha sold 4,370 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $348.79, for a total value of $1,524,212.30. Following the sale, the vice president owned 7,936 shares of the company’s stock, valued at $2,767,997.44. The trade was a 35.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,260 shares of company stock worth $18,133,971 over the last three months. Company insiders own 1.50% of the company’s stock.
About General Dynamics
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.
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