Running Oak Capital LLC Purchases 4,966 Shares of General Dynamics Co. (NYSE:GD)

Running Oak Capital LLC lifted its holdings in General Dynamics Co. (NYSE:GD) by 17.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,617 shares of the aerospace company’s stock after acquiring an additional 4,966 shares during the quarter. Running Oak Capital LLC’s holdings in General Dynamics were worth $8,729,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. boosted its position in General Dynamics by 99.3% in the 4th quarter. Pacer Advisors Inc. now owns 29,045 shares of the aerospace company’s stock valued at $7,542,000 after buying an additional 14,468 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in General Dynamics during the 3rd quarter valued at about $16,077,000. Clough Capital Partners L P bought a new position in shares of General Dynamics in the 3rd quarter valued at about $26,868,000. Victory Capital Management Inc. grew its holdings in General Dynamics by 57.7% during the 3rd quarter. Victory Capital Management Inc. now owns 326,121 shares of the aerospace company’s stock worth $72,063,000 after acquiring an additional 119,264 shares during the period. Finally, Prime Capital Investment Advisors LLC boosted its position in shares of General Dynamics by 262.5% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 23,229 shares of the aerospace company’s stock worth $6,032,000 after purchasing an additional 16,821 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GD has been the subject of a number of analyst reports. Citigroup boosted their price objective on shares of General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group raised their price objective on General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Alembic Global Advisors cut General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price for the company. in a research note on Monday, January 29th. StockNews.com raised General Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Finally, Argus boosted their price objective on General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $297.06.

General Dynamics Stock Performance

GD traded up $0.83 on Thursday, reaching $287.36. The company had a trading volume of 1,134,814 shares, compared to its average volume of 1,118,058. The stock has a market cap of $78.84 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.79 and a beta of 0.66. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. General Dynamics Co. has a fifty-two week low of $202.35 and a fifty-two week high of $296.50. The company’s fifty day moving average is $281.88 and its 200 day moving average is $262.88.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share 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 the consensus estimate of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.64 EPS. As a group, analysts predict that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s payout ratio is 46.33%.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the sale, the chief executive officer now owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the transaction, the chief executive officer now owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the sale, the vice president now directly owns 103,345 shares in the company, valued at $29,816,065.95. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

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.