Unique Wealth Strategies LLC Takes $933,000 Position in General Dynamics Co. (NYSE:GD)

Unique Wealth Strategies LLC purchased a new position in shares of General Dynamics Co. (NYSE:GD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,593 shares of the aerospace company’s stock, valued at approximately $933,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC lifted its stake in shares of General Dynamics by 0.4% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock worth $2,812,000 after purchasing an additional 41 shares in the last quarter. Cornercap Investment Counsel Inc. boosted its holdings in General Dynamics by 0.4% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock worth $2,695,000 after acquiring an additional 41 shares during the period. EverSource Wealth Advisors LLC grew its position in General Dynamics by 6.5% in the third quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company’s stock valued at $152,000 after acquiring an additional 42 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in shares of General Dynamics by 2.3% during the third quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock valued at $408,000 after purchasing an additional 42 shares during the period. Finally, Resonant Capital Advisors LLC lifted its position in shares of General Dynamics by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,304 shares of the aerospace company’s stock worth $339,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE GD traded down $0.49 during midday trading on Friday, hitting $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 debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. The firm’s fifty day moving average price is $280.86 and its 200-day moving average price is $261.71. The firm has a market cap of $78.03 billion, a P/E ratio of 23.20, a P/E/G ratio of 1.81 and a beta of 0.68.

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

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be paid a dividend of $1.42 per share. 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 yield of 2.00%. The ex-dividend date of this dividend is Thursday, April 11th. General Dynamics’s dividend payout ratio is presently 46.33%.

Analyst Ratings Changes

GD has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Barclays lifted their target price on General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. StockNews.com upgraded General Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Citigroup lifted their price objective on General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Susquehanna upped their target price on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research report on Friday, April 12th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average price target of $285.63.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the transaction, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.52% of the stock is owned by corporate insiders.

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.