General Dynamics Co. (NYSE:GD) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,658 shares of the aerospace company’s stock after acquiring an additional 5,140 shares during the period. Kestra Private Wealth Services LLC’s holdings in General Dynamics were worth $13,674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Pacer Advisors Inc. raised its holdings in General Dynamics by 99.3% in the 4th quarter. Pacer Advisors Inc. now owns 29,045 shares of the aerospace company’s stock valued at $7,542,000 after acquiring an additional 14,468 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in General Dynamics during the third quarter worth about $16,077,000. Moreno Evelyn V boosted its stake in General Dynamics by 17.1% in the 3rd quarter. Moreno Evelyn V now owns 27,310 shares of the aerospace company’s stock worth $6,035,000 after buying an additional 3,991 shares during the last quarter. Clough Capital Partners L P purchased a new stake in General Dynamics in the 3rd quarter valued at about $26,868,000. Finally, Victory Capital Management Inc. increased its stake in shares of General Dynamics by 57.7% during the 3rd quarter. Victory Capital Management Inc. now owns 326,121 shares of the aerospace company’s stock valued at $72,063,000 after acquiring an additional 119,264 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 1.2 %

Shares of NYSE:GD traded up $3.38 during trading on Monday, hitting $287.79. The company’s stock had a trading volume of 1,293,625 shares, compared to its average volume of 1,116,899. General Dynamics Co. has a fifty-two week low of $202.35 and a fifty-two week high of $296.50. The stock’s 50-day moving average price is $281.23 and its two-hundred day moving average price is $262.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. The company has a market capitalization of $78.96 billion, a PE ratio of 23.47, a PEG ratio of 1.77 and a beta of 0.68.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.01). The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.26 billion. General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.64 earnings per share. As a group, sell-side analysts expect that General Dynamics Co. will post 14.57 EPS for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be issued a $1.42 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, April 11th. General Dynamics’s payout ratio is currently 46.33%.

Wall Street Analyst Weigh In

GD has been the subject of a number of recent analyst reports. Susquehanna boosted their target price on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a report on Friday, April 12th. The Goldman Sachs Group boosted their price target on General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. StockNews.com upgraded General Dynamics from a “buy” rating to a “strong-buy” rating in a report on Thursday. 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. Finally, Royal Bank of Canada decreased their price objective on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $297.06.

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.