Obermeyer Wealth Partners Has $256,000 Holdings in General Dynamics Co. (NYSE:GD)

Obermeyer Wealth Partners raised its holdings in General Dynamics Co. (NYSE:GD) by 13.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 973 shares of the aerospace company’s stock after purchasing an additional 114 shares during the quarter. Obermeyer Wealth Partners’ holdings in General Dynamics were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GD. Financial Life Planners acquired a new stake in General Dynamics during the fourth quarter worth about $25,000. Whipplewood Advisors LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Dynamics during the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in General Dynamics during the fourth quarter valued at approximately $28,000. Finally, Heck Capital Advisors LLC bought a new stake in General Dynamics during the fourth quarter worth $28,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the transaction, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. This represents a 37.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by corporate insiders.

General Dynamics Trading Down 1.0%

GD opened at $273.42 on Wednesday. General Dynamics Co. has a twelve month low of $239.20 and a twelve month high of $316.90. The company has a fifty day moving average of $269.26 and a 200-day moving average of $269.34. The stock has a market cap of $73.38 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.23. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $2.88 EPS. On average, sell-side analysts predict that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 11th were paid a $1.50 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $6.00 annualized dividend and a dividend yield of 2.19%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s payout ratio is currently 41.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GD shares. Morgan Stanley lowered their price target on General Dynamics from $305.00 to $300.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Argus set a $295.00 target price on shares of General Dynamics in a report on Tuesday, May 6th. Royal Bank of Canada decreased their price target on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, Cowen reiterated a “buy” rating on shares of General Dynamics in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $293.00.

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.