Barlow Wealth Partners Inc. Takes Position in General Dynamics Co. (NYSE:GD)

Barlow Wealth Partners Inc. acquired a new stake in General Dynamics Co. (NYSE:GD) during the 4th quarter, Holdings Channel reports. The fund acquired 3,222 shares of the aerospace company’s stock, valued at approximately $837,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC bought a new stake in shares of General Dynamics in the fourth quarter worth $25,000. Briaud Financial Planning Inc acquired a new position in General Dynamics during the third quarter valued at approximately $27,000. Wetzel Investment Advisors Inc. bought a new position in General Dynamics in the fourth quarter valued at approximately $38,000. Rakuten Securities Inc. acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $38,000. Finally, Friedenthal Financial bought a new stake in shares of General Dynamics during the 4th quarter worth approximately $45,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GD has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their target price on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Citigroup boosted their target price on General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. 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 research report on Monday, January 29th. Barclays increased their price objective on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, 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. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $300.53.

Insider Buying and Selling at General Dynamics

In other news, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the transaction, the vice president now owns 103,345 shares of the company’s stock, valued at $29,816,065.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of the business’s stock in a transaction that occurred 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 approximately $29,816,065.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phebe N. Novakovic sold 49,850 shares of General Dynamics stock in a transaction on Friday, April 26th. The stock was sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the transaction, the chief executive officer now owns 768,977 shares in the company, valued at approximately $218,773,956.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,987 shares of company stock worth $18,836,700. 1.60% of the stock is currently owned by insiders.

General Dynamics Price Performance

NYSE GD traded down $0.63 on Wednesday, hitting $292.74. 1,004,929 shares of the company’s stock were exchanged, compared to its average volume of 1,107,900. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $296.50. The stock has a 50-day moving average of $283.23 and a 200-day moving average of $264.48. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.41. The stock has a market cap of $80.32 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 1.80 and a beta of 0.67.

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

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.