Arkadios Wealth Advisors raised its stake in shares of General Dynamics Co. (NYSE:GD – Get Rating) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,355 shares of the aerospace company’s stock after buying an additional 1,005 shares during the period. Arkadios Wealth Advisors’ holdings in General Dynamics were worth $2,817,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. GoalVest Advisory LLC acquired a new stake in shares of General Dynamics during the 4th quarter valued at $25,000. MADDEN SECURITIES Corp acquired a new stake in shares of General Dynamics during the 4th quarter valued at $25,000. Certified Advisory Corp bought a new position in shares of General Dynamics during the 1st quarter valued at $25,000. Wagner Wealth Management LLC bought a new position in shares of General Dynamics during the 2nd quarter valued at $32,000. Finally, Coston McIsaac & Partners bought a new position in shares of General Dynamics during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 84.83% of the company’s stock.
General Dynamics Stock Performance
Shares of NYSE:GD traded down $1.90 on Friday, hitting $218.15. 2,413,857 shares of the company were exchanged, compared to its average volume of 1,251,543. The company’s 50 day moving average price is $231.53 and its two-hundred day moving average price is $236.80. General Dynamics Co. has a one year low of $207.42 and a one year high of $256.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.96 and a current ratio of 1.37. The firm has a market capitalization of $59.87 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.01 and a beta of 0.84.
General Dynamics Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Stockholders of record on Friday, April 14th will be given a dividend of $1.32 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $1.26. This represents a $5.28 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Thursday, April 13th. General Dynamics’s payout ratio is 41.31%.
Analyst Upgrades and Downgrades
GD has been the topic of a number of recent research reports. StockNews.com downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Monday, March 13th. Cowen raised their price target on shares of General Dynamics from $260.00 to $285.00 in a report on Tuesday, January 3rd. Robert W. Baird cut their price target on shares of General Dynamics from $290.00 to $268.00 in a report on Thursday, January 26th. JPMorgan Chase & Co. dropped their target price on shares of General Dynamics from $260.00 to $245.00 and set an “overweight” rating on the stock in a report on Friday, January 27th. Finally, Susquehanna dropped their target price on shares of General Dynamics from $285.00 to $263.00 in a report on Thursday, January 26th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $267.15.
In other General Dynamics news, VP Mark Lagrand Burns sold 27,600 shares of the business’s stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $226.93, for a total value of $6,263,268.00. Following the transaction, the vice president now directly owns 56,909 shares in the company, valued at $12,914,359.37. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is owned by company insiders.
General Dynamics Profile
General Dynamics Corp. is a global aerospace and defense company, which engages in design, engineering, and manufacturing to deliver state-of-the-art solutions. It operates through the following business segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment designs, manufactures, and sells business jets.
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