McGlone Suttner Wealth Management Inc. Grows Stock Holdings in General Dynamics Co. (NYSE:GD)

McGlone Suttner Wealth Management Inc. raised its position in shares of General Dynamics Co. (NYSE:GD) by 46.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,599 shares of the aerospace company’s stock after buying an additional 506 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in General Dynamics were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GD. Certified Advisory Corp acquired a new position in shares of General Dynamics during the first quarter valued at about $25,000. Briaud Financial Planning Inc acquired a new position in General Dynamics in the 3rd quarter worth approximately $27,000. Impact Partnership Wealth LLC increased its holdings in General Dynamics by 411.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after buying an additional 107 shares during the period. Live Oak Investment Partners acquired a new position in General Dynamics in the 4th quarter worth approximately $30,000. Finally, Tyler Stone Wealth Management acquired a new position in General Dynamics in the 2nd quarter worth approximately $30,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GD. Royal Bank of Canada reiterated an “outperform” rating and issued a $300.00 price target on shares of General Dynamics in a report on Thursday, January 25th. UBS Group upped their price objective on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. StockNews.com lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Alembic Global Advisors lowered General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective on the stock. in a research report on Monday, January 29th. Finally, Citigroup upped their price objective on General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $271.69.

General Dynamics Price Performance

GD stock traded up $0.53 during midday trading on Thursday, reaching $282.43. The stock had a trading volume of 644,487 shares, compared to its average volume of 1,056,026. The company’s fifty day simple moving average is $270.29 and its 200 day simple moving average is $251.75. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The company has a market cap of $77.49 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.77 and a beta of 0.68. General Dynamics Co. has a 52-week low of $202.35 and a 52-week high of $284.75.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The firm had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.39 billion. During the same quarter in the previous year, the business posted $3.58 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, sell-side analysts predict that General Dynamics Co. will post 14.59 earnings per share 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. Shareholders of record on Friday, April 12th will be paid a $1.42 dividend. The ex-dividend date is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.01%. General Dynamics’s dividend payout ratio (DPR) is 43.93%.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the sale, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the sale, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

About General Dynamics

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.