Capital Advisors Ltd. LLC Grows Position in General Dynamics Co. (NYSE:GD)

Capital Advisors Ltd. LLC boosted its stake in shares of General Dynamics Co. (NYSE:GDGet Rating) by 31.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,064 shares of the aerospace company’s stock after purchasing an additional 253 shares during the period. Capital Advisors Ltd. LLC’s holdings in General Dynamics were worth $222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new position in General Dynamics during the fourth quarter valued at $26,000. Future Financial Wealth Managment LLC bought a new stake in General Dynamics during the fourth quarter valued at about $29,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in General Dynamics during the fourth quarter valued at about $29,000. Ten Capital Wealth Advisors LLC bought a new stake in General Dynamics during the third quarter valued at about $32,000. Finally, Widmann Financial Services Inc. bought a new stake in General Dynamics during the fourth quarter valued at about $41,000. Institutional investors own 85.02% of the company’s stock.

Shares of NYSE:GD traded down $4.67 during trading hours on Friday, hitting $236.53. 1,839,633 shares of the company’s stock traded hands, compared to its average volume of 1,140,099. General Dynamics Co. has a 1 year low of $182.66 and a 1 year high of $254.99. The business has a fifty day moving average price of $237.78 and a 200-day moving average price of $216.87. The firm has a market capitalization of $65.79 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.06 and a beta of 1.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 1.05.

General Dynamics (NYSE:GDGet Rating) last announced its earnings results on Wednesday, April 27th. The aerospace company reported $2.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.48 by $0.13. General Dynamics had a return on equity of 19.67% and a net margin of 8.52%. The business had revenue of $9.39 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the previous year, the business earned $2.48 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities analysts predict that General Dynamics Co. will post 12.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 6th. Shareholders of record on Friday, April 8th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, April 7th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.19. General Dynamics’s payout ratio is 43.15%.

A number of research firms have commented on GD. Susquehanna raised their price target on General Dynamics from $280.00 to $285.00 in a report on Thursday. Susquehanna Bancshares lifted their target price on General Dynamics from $280.00 to $285.00 in a report on Thursday. StockNews.com assumed coverage on General Dynamics in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Wells Fargo & Company lifted their target price on General Dynamics from $235.00 to $282.00 and gave the stock an “overweight” rating in a report on Monday, March 7th. Finally, Wolfe Research raised General Dynamics from an “underperform” rating to a “peer perform” rating in a report on Friday, January 28th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, General Dynamics currently has an average rating of “Buy” and an average target price of $237.70.

In related news, VP William A. Moss sold 2,391 shares of the business’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $237.17, for a total value of $567,073.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

About General Dynamics (Get Rating)

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 designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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