Lindbrook Capital LLC Boosts Holdings in General Dynamics Co. (NYSE:GD)

Lindbrook Capital LLC raised its position in shares of General Dynamics Co. (NYSE:GD) by 21.9% in the fourth quarter, Holdings Channel reports. The firm owned 867 shares of the aerospace company’s stock after acquiring an additional 156 shares during the quarter. Lindbrook Capital LLC’s holdings in General Dynamics were worth $225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its position in General Dynamics by 99.3% in the 4th quarter. Pacer Advisors Inc. now owns 29,045 shares of the aerospace company’s stock valued at $7,542,000 after acquiring an additional 14,468 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of General Dynamics during the third quarter valued at $16,077,000. Moreno Evelyn V increased its holdings in General Dynamics by 17.1% in the 3rd quarter. Moreno Evelyn V now owns 27,310 shares of the aerospace company’s stock worth $6,035,000 after buying an additional 3,991 shares in the last quarter. Clough Capital Partners L P purchased a new position in General Dynamics in the 3rd quarter worth about $26,868,000. Finally, Victory Capital Management Inc. lifted its stake in General Dynamics by 57.7% during the 3rd quarter. Victory Capital Management Inc. now owns 326,121 shares of the aerospace company’s stock valued at $72,063,000 after acquiring an additional 119,264 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 0.9 %

Shares of General Dynamics stock opened at $291.31 on Tuesday. General Dynamics Co. has a fifty-two week low of $202.35 and a fifty-two week high of $296.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. The company has a market capitalization of $79.93 billion, a P/E ratio of 24.24, a P/E/G ratio of 1.83 and a beta of 0.68. The company has a fifty day moving average of $279.51 and a 200 day moving average of $260.57.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.39 billion. General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $3.58 EPS. On average, sell-side analysts anticipate that General Dynamics Co. will post 14.57 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s payout ratio is 47.25%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GD. StockNews.com downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Barclays increased their target price on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, April 15th. UBS Group boosted their price target on General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. The Goldman Sachs Group increased their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada boosted their target price on shares of General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $283.80.

Insider Buying and Selling

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the sale, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the sale, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

General Dynamics Company 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.