Alliance Wealth Advisors LLC UT Purchases 72 Shares of General Dynamics Co. (NYSE:GD)

Alliance Wealth Advisors LLC UT increased its position in General Dynamics Co. (NYSE:GD) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,778 shares of the aerospace company’s stock after acquiring an additional 72 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in General Dynamics were worth $721,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of General Dynamics by 99.3% in the fourth quarter. Pacer Advisors Inc. now owns 29,045 shares of the aerospace company’s stock worth $7,542,000 after acquiring an additional 14,468 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in General Dynamics during the third quarter valued at about $16,077,000. Moreno Evelyn V grew its holdings in General Dynamics by 17.1% during the third quarter. Moreno Evelyn V now owns 27,310 shares of the aerospace company’s stock valued at $6,035,000 after purchasing an additional 3,991 shares during the period. Clough Capital Partners L P bought a new stake in General Dynamics during the third quarter valued at about $26,868,000. Finally, Victory Capital Management Inc. grew its holdings in General Dynamics by 57.7% during the third quarter. Victory Capital Management Inc. now owns 326,121 shares of the aerospace company’s stock valued at $72,063,000 after purchasing an additional 119,264 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the transaction, 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 is accessible through this link. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Price Performance

Shares of GD stock traded down $0.49 on Friday, reaching $284.41. The company’s stock had a trading volume of 1,244,205 shares, compared to its average volume of 1,231,567. The company has a market capitalization of $78.03 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68. The stock’s fifty day simple moving average is $280.86 and its 200-day simple moving average is $261.71. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $296.50.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same period in the previous year, the business earned $2.64 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts forecast that General Dynamics Co. will post 14.56 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently disclosed 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. This is a boost 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 2.00%. The ex-dividend date is Thursday, April 11th. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Analysts Set New Price Targets

Several analysts have issued reports on GD shares. Susquehanna boosted their price target on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a report on Friday, April 12th. JPMorgan Chase & Co. boosted their price target on General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup boosted their price target on General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com raised General Dynamics from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Royal Bank of Canada lowered their price objective on General Dynamics from $325.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $285.63.

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.