Newbridge Financial Services Group Inc. Increases Stake in General Dynamics Co. (NYSE:GD)

Newbridge Financial Services Group Inc. boosted its stake in General Dynamics Co. (NYSE:GDFree Report) by 16.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 287 shares of the aerospace company’s stock after purchasing an additional 40 shares during the period. Newbridge Financial Services Group Inc.’s holdings in General Dynamics were worth $75,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Copperwynd Financial LLC lifted its stake in shares of General Dynamics by 3.7% during the 4th quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock worth $274,000 after acquiring an additional 38 shares during the last quarter. Woodward Diversified Capital LLC lifted its stake in shares of General Dynamics by 2.3% during the 4th quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock worth $448,000 after acquiring an additional 39 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its stake in shares of General Dynamics by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock worth $2,812,000 after acquiring an additional 41 shares during the last quarter. Cornercap Investment Counsel Inc. increased its holdings in General Dynamics by 0.4% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock worth $2,695,000 after purchasing an additional 41 shares during the period. Finally, Johnson Financial Group Inc. increased its holdings in General Dynamics by 12.5% during the 4th quarter. Johnson Financial Group Inc. now owns 370 shares of the aerospace company’s stock worth $96,000 after purchasing an additional 41 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Price Performance

Shares of General Dynamics stock traded up $0.69 on Tuesday, hitting $294.52. The company’s stock had a trading volume of 43,319 shares, compared to its average volume of 1,034,228. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. General Dynamics Co. has a 1 year low of $209.25 and a 1 year high of $302.42. The firm has a fifty day moving average price of $292.62 and a 200-day moving average price of $275.28. The company has a market capitalization of $80.80 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 1.66 and a beta of 0.64.

General Dynamics (NYSE:GDGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The business had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the prior year, the firm earned $2.64 EPS. General Dynamics’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be given a dividend of $1.42 per share. The ex-dividend date is Friday, July 5th. This represents a $5.68 annualized dividend and a dividend yield of 1.93%. General Dynamics’s dividend payout ratio is currently 46.33%.

Insider Transactions at General Dynamics

In other news, CFO Kimberly A. Kuryea sold 13,344 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the transaction, the chief financial officer now directly owns 79,255 shares in the company, valued at $23,630,670.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Kimberly A. Kuryea sold 13,344 shares of General Dynamics stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total value of $3,978,647.04. Following the completion of the transaction, the chief financial officer now directly owns 79,255 shares in the company, valued at $23,630,670.80. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $3,914,215.17. Following the completion of the sale, the vice president now owns 103,345 shares in the company, valued at $29,816,065.95. The disclosure for this sale can be found here. Insiders sold a total of 118,486 shares of company stock worth $34,391,642 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Sanford C. Bernstein raised their price objective on General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. Royal Bank of Canada reduced their price objective on General Dynamics from $325.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Susquehanna lifted their price target on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a report on Friday, April 12th. Barclays lifted their price target on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, StockNews.com downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $300.63.

Check Out Our Latest Report on GD

General Dynamics Company Profile

(Free Report)

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.

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

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