North Dallas Bank & Trust Co. Purchases New Position in General Dynamics Corporation $GD

North Dallas Bank & Trust Co. acquired a new stake in General Dynamics Corporation (NYSE:GD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,871 shares of the aerospace company’s stock, valued at approximately $1,303,000.

Several other large investors have also modified their holdings of the company. Joule Financial LLC boosted its holdings in shares of General Dynamics by 4.3% in the fourth quarter. Joule Financial LLC now owns 705 shares of the aerospace company’s stock valued at $237,000 after acquiring an additional 29 shares during the period. Brown Miller Wealth Management LLC boosted its holdings in shares of General Dynamics by 0.3% in the fourth quarter. Brown Miller Wealth Management LLC now owns 8,889 shares of the aerospace company’s stock valued at $2,993,000 after acquiring an additional 29 shares during the period. First Financial Bankshares Inc boosted its holdings in shares of General Dynamics by 2.6% in the third quarter. First Financial Bankshares Inc now owns 1,196 shares of the aerospace company’s stock valued at $408,000 after acquiring an additional 30 shares during the period. Steph & Co. boosted its holdings in shares of General Dynamics by 65.2% in the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 30 shares during the period. Finally, Revolve Wealth Partners LLC boosted its holdings in shares of General Dynamics by 3.3% in the fourth quarter. Revolve Wealth Partners LLC now owns 978 shares of the aerospace company’s stock valued at $329,000 after acquiring an additional 31 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 36,480 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the transaction, the executive vice president owned 38,975 shares in the company, valued at approximately $13,457,677.75. This represents a 48.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on GD. BNP Paribas Exane decreased their price objective on General Dynamics from $430.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Argus increased their price objective on General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Jefferies Financial Group decreased their price objective on General Dynamics from $385.00 to $380.00 and set a “hold” rating for the company in a report on Tuesday, April 7th. DA Davidson cut their price target on General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. Finally, Wells Fargo & Company began coverage on General Dynamics in a research note on Wednesday, April 1st. They set an “overweight” rating and a $400.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $387.40.

General Dynamics Trading Up 1.5%

NYSE:GD opened at $345.81 on Wednesday. The stock has a fifty day moving average price of $339.79 and a two-hundred day moving average price of $346.35. The stock has a market capitalization of $93.52 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 2.11 and a beta of 0.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. General Dynamics Corporation has a 1 year low of $268.10 and a 1 year high of $369.70.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.43. The firm had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $12.70 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.General Dynamics’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.66 earnings per share. As a group, sell-side analysts anticipate that General Dynamics Corporation will post 16.62 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be given a $1.59 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio is presently 40.03%.

General Dynamics Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.