SeaCrest Wealth Management LLC Raises Position in General Dynamics Co. (NYSE:GD)

SeaCrest Wealth Management LLC boosted its stake in General Dynamics Co. (NYSE:GD) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,826 shares of the aerospace company’s stock after acquiring an additional 153 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in General Dynamics were worth $1,479,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Markel Corp increased its holdings in General Dynamics by 0.9% during the 1st quarter. Markel Corp now owns 390,500 shares of the aerospace company’s stock worth $94,181,000 after purchasing an additional 3,500 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of General Dynamics by 13.2% in the first quarter. Moors & Cabot Inc. now owns 4,202 shares of the aerospace company’s stock worth $1,014,000 after buying an additional 490 shares during the last quarter. Zions Bancorporation N.A. raised its holdings in General Dynamics by 294.2% in the first quarter. Zions Bancorporation N.A. now owns 540 shares of the aerospace company’s stock valued at $130,000 after acquiring an additional 403 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in General Dynamics by 791.6% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,275 shares of the aerospace company’s stock worth $308,000 after acquiring an additional 1,132 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of General Dynamics by 51.6% in the 1st quarter. NewEdge Advisors LLC now owns 34,153 shares of the aerospace company’s stock worth $8,237,000 after purchasing an additional 11,630 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup lifted their price target on General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Alembic Global Advisors cut General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective on the stock. in a research note on Monday, January 29th. UBS Group lifted their price objective on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $300.00 target price on shares of General Dynamics in a 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $271.69.

General Dynamics Price Performance

GD stock traded up $0.53 during trading on Thursday, hitting $282.43. The company had a trading volume of 644,487 shares, compared to its average volume of 1,056,026. The business has a 50 day moving average of $270.29 and a 200 day moving average of $251.75. The firm has a market capitalization of $77.49 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.77 and a beta of 0.68. 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 fifty-two week low of $202.35 and a fifty-two week high of $284.75.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). The company had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business earned $3.58 earnings per share. As a group, research analysts predict that General Dynamics Co. will post 14.59 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently announced 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. The ex-dividend date is Thursday, April 11th. This represents a $5.68 annualized dividend and a yield of 2.01%. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is currently 43.93%.

General Dynamics 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.