Arkadios Wealth Advisors Has $2.82 Million Position in General Dynamics Co. (NYSE:GD)

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 (NYSE:GD – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The aerospace company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.05. General Dynamics had a net margin of 8.60% and a return on equity of 18.93%. The company had revenue of $10.85 billion for the quarter, compared to the consensus estimate of $10.66 billion. During the same quarter in the previous year, the firm posted $3.39 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. Research analysts expect that General Dynamics Co. will post 12.74 earnings per share for the current year.

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.

Insider Activity

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

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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.