Center for Financial Planning Inc. Increases Holdings in General Dynamics Co. (NYSE:GD)

Center for Financial Planning Inc. increased its position in General Dynamics Co. (NYSE:GDGet Rating) by 15.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 462 shares of the aerospace company’s stock after acquiring an additional 62 shares during the quarter. Center for Financial Planning Inc.’s holdings in General Dynamics were worth $96,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Distillate Capital Partners LLC grew its holdings in General Dynamics by 34.4% during the 4th quarter. Distillate Capital Partners LLC now owns 26,061 shares of the aerospace company’s stock valued at $5,432,000 after buying an additional 6,673 shares in the last quarter. Nixon Peabody Trust Co. grew its holdings in General Dynamics by 2.0% during the 4th quarter. Nixon Peabody Trust Co. now owns 17,931 shares of the aerospace company’s stock valued at $3,738,000 after buying an additional 359 shares in the last quarter. St. Johns Investment Management Company LLC purchased a new position in General Dynamics during the 4th quarter valued at about $430,000. Moreno Evelyn V grew its holdings in General Dynamics by 35.5% during the 4th quarter. Moreno Evelyn V now owns 23,287 shares of the aerospace company’s stock valued at $4,855,000 after buying an additional 6,100 shares in the last quarter. Finally, Brinker Capital Investments LLC grew its holdings in General Dynamics by 13.0% during the 4th quarter. Brinker Capital Investments LLC now owns 16,099 shares of the aerospace company’s stock valued at $3,356,000 after buying an additional 1,854 shares in the last quarter. 85.02% of the stock is owned by institutional investors.

Shares of GD traded down $4.67 during mid-day trading 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. The company has a quick ratio of 1.05, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. General Dynamics Co. has a 1 year low of $182.66 and a 1 year high of $254.99. The firm has a market capitalization of $65.79 billion, a P/E ratio of 20.25, a PEG ratio of 2.06 and a beta of 1.01. The business’s 50-day moving average price is $237.78 and its 200-day moving average price is $216.87.

General Dynamics (NYSE:GDGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The aerospace company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.13. The business had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Dynamics had a return on equity of 19.67% and a net margin of 8.52%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.48 earnings per share. Sell-side analysts anticipate that General Dynamics Co. will post 12.11 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 6th. Stockholders of record on Friday, April 8th will be paid a $1.26 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $1.19. This represents a $5.04 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Thursday, April 7th. General Dynamics’s dividend payout ratio is currently 43.15%.

In other news, VP William A. Moss sold 2,391 shares of the stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $237.17, for a total value of $567,073.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

GD has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on General Dynamics from $235.00 to $282.00 and gave the company an “overweight” rating in a research report on Monday, March 7th. Susquehanna lifted their price target on General Dynamics from $280.00 to $285.00 in a research report on Thursday. Morgan Stanley lifted their price target on General Dynamics from $215.00 to $243.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 2nd. StockNews.com started coverage on General Dynamics in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Wolfe Research upgraded General Dynamics from an “underperform” rating to a “peer perform” rating in a research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $237.70.

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.

Further Reading

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

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