Everpar Advisors LLC Makes New Investment in General Dynamics Co. (NYSE:GD)

Everpar Advisors LLC purchased a new position in General Dynamics Co. (NYSE:GD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,447 shares of the aerospace company’s stock, valued at approximately $895,000.

Several other institutional investors have also modified their holdings of the business. MeadowBrook Investment Advisors LLC purchased a new stake in shares of General Dynamics during the 4th quarter worth $25,000. Briaud Financial Planning Inc purchased a new stake in General Dynamics in the third quarter valued at $27,000. Rakuten Securities Inc. purchased a new stake in General Dynamics in the fourth quarter valued at $38,000. Wetzel Investment Advisors Inc. purchased a new stake in General Dynamics in the fourth quarter valued at $38,000. Finally, Operose Advisors LLC purchased a new stake in General Dynamics in the third quarter valued at $40,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Down 0.2 %

Shares of GD traded down $0.63 on Wednesday, hitting $292.74. 1,004,929 shares of the stock traded hands, compared to its average volume of 1,107,900. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $80.32 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.80 and a beta of 0.67. The stock’s 50 day moving average is $283.23 and its two-hundred day moving average is $264.48. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $296.50.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). The company had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.64 EPS. As a group, sell-side analysts predict that General Dynamics Co. will post 14.55 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. Stockholders of record on Friday, April 12th will be given a $1.42 dividend. The ex-dividend date is Thursday, April 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.94%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is presently 46.33%.

Insider Transactions at General Dynamics

In related news, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the sale, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the sale, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the sale, the vice president now directly owns 103,345 shares of the company’s stock, valued at $29,816,065.95. The disclosure for this sale can be found here. Insiders sold 65,987 shares of company stock valued at $18,836,700 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on GD. Royal Bank of Canada reduced their target price on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Citigroup upped their target price on shares of General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Argus upped their target price on shares of General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, Jefferies Financial Group upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and boosted their price target for the stock from $305.00 to $335.00 in a research note on Monday, April 29th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average target price of $300.53.

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.