Flputnam Investment Management Co. Grows Stock Position in General Dynamics Co. (NYSE:GD)

Flputnam Investment Management Co. boosted its stake in shares of General Dynamics Co. (NYSE:GD) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,286 shares of the aerospace company’s stock after purchasing an additional 118 shares during the quarter. Flputnam Investment Management Co.’s holdings in General Dynamics were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Certified Advisory Corp purchased a new stake in shares of General Dynamics during the first quarter worth approximately $25,000. Briaud Financial Planning Inc purchased a new stake in shares of General Dynamics in the 3rd quarter valued at approximately $27,000. Impact Partnership Wealth LLC raised its holdings in shares of General Dynamics by 411.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 107 shares in the last quarter. Live Oak Investment Partners purchased a new stake in shares of General Dynamics during the 4th quarter worth $30,000. Finally, Tyler Stone Wealth Management acquired a new position in shares of General Dynamics during the second quarter worth $30,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 0.3 %

NYSE GD opened at $285.27 on Friday. General Dynamics Co. has a one year low of $202.35 and a one year high of $296.50. The firm has a market cap of $78.27 billion, a PE ratio of 23.73, a P/E/G ratio of 1.81 and a beta of 0.68. The firm’s fifty day moving average is $278.70 and its two-hundred day moving average is $259.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. General Dynamics’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.58 EPS. Analysts expect that General Dynamics Co. will post 14.57 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 1.99%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is presently 47.25%.

Insider Buying and Selling at General Dynamics

In related news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the completion of the sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the transaction, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com cut General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. The Goldman Sachs Group boosted their target price on General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wells Fargo & Company increased their price target on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Alembic Global Advisors cut shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price for the company. in a report on Monday, January 29th. Finally, Citigroup lifted their price target on shares of General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $283.80.

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.