Tyche Wealth Partners LLC Makes New $1.21 Million Investment in General Dynamics Co. (NYSE:GD)

Tyche Wealth Partners LLC purchased a new position in shares of General Dynamics Co. (NYSE:GD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,676 shares of the aerospace company’s stock, valued at approximately $1,214,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of General Dynamics by 0.6% during the third quarter. Vanguard Group Inc. now owns 22,423,961 shares of the aerospace company’s stock worth $4,955,023,000 after buying an additional 133,061 shares during the period. Wellington Management Group LLP boosted its holdings in General Dynamics by 12.0% in the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after purchasing an additional 1,755,276 shares during the period. Geode Capital Management LLC boosted its holdings in General Dynamics by 6.5% in the first quarter. Geode Capital Management LLC now owns 4,228,831 shares of the aerospace company’s stock valued at $962,711,000 after purchasing an additional 259,855 shares during the period. Sanders Capital LLC boosted its holdings in General Dynamics by 0.4% in the third quarter. Sanders Capital LLC now owns 4,017,057 shares of the aerospace company’s stock valued at $887,649,000 after purchasing an additional 17,061 shares during the period. Finally, Morgan Stanley boosted its holdings in General Dynamics by 12.1% in the fourth quarter. Morgan Stanley now owns 2,622,031 shares of the aerospace company’s stock valued at $650,552,000 after purchasing an additional 282,436 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction that occurred on 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 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 available through the SEC website. In other news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the sale, the chief executive officer now 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 available through this hyperlink. Also, EVP Mark C. Roualet sold 73,330 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 149,205 shares in the company, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

General Dynamics Stock Performance

GD stock traded up $0.46 during trading on Tuesday, hitting $285.21. The company had a trading volume of 1,388,502 shares, compared to its average volume of 1,078,839. The firm has a market cap of $78.25 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 1.83 and a beta of 0.68. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. The firm has a 50-day moving average price of $277.72 and a 200-day moving average price of $258.21. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GD) last issued its quarterly earnings results 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). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.39 billion. During the same quarter last year, the firm earned $3.58 EPS. The business’s revenue was up 7.5% on a year-over-year basis. On average, analysts expect that General Dynamics Co. will post 14.57 earnings per share for the current 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 issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s payout ratio is currently 47.25%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GD shares. The Goldman Sachs Group lifted their target price on General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a report on Tuesday. StockNews.com downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. UBS Group lifted their price target on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Susquehanna lifted their price target on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a report on Friday. Finally, Wells Fargo & Company lifted their price target on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $283.80.

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.