Resonant Capital Advisors LLC Raises Stake in General Dynamics Co. (NYSE:GD)

Resonant Capital Advisors LLC raised its stake in General Dynamics Co. (NYSE:GD) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,304 shares of the aerospace company’s stock after buying an additional 42 shares during the quarter. Resonant Capital Advisors LLC’s holdings in General Dynamics were worth $339,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Beaumont Financial Advisors LLC grew its holdings in shares of General Dynamics by 6.6% during the 4th quarter. Beaumont Financial Advisors LLC now owns 19,761 shares of the aerospace company’s stock worth $5,131,000 after purchasing an additional 1,216 shares during the period. Fonville Wealth Management LLC purchased a new position in shares of General Dynamics during the 4th quarter worth $2,502,000. Fidelis Capital Partners LLC purchased a new position in shares of General Dynamics during the 4th quarter worth $210,000. Xponance Inc. grew its holdings in shares of General Dynamics by 4.8% during the 4th quarter. Xponance Inc. now owns 34,274 shares of the aerospace company’s stock worth $8,900,000 after purchasing an additional 1,585 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV grew its holdings in shares of General Dynamics by 32.0% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 1,650 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 400 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GD shares. UBS Group increased their price target on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Susquehanna raised their target price on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a report on Friday, April 12th. Royal Bank of Canada raised their target price on General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Citigroup raised their target price on General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Alembic Global Advisors cut 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. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.80.

Insider Transactions at General Dynamics

In other news, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the transaction, 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 SEC, which is available at this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the transaction, 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. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Stock Performance

Shares of GD opened at $288.62 on Friday. The stock has a 50-day simple moving average of $279.07 and a 200-day simple moving average of $259.76. 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 stock has a market capitalization of $79.19 billion, a PE ratio of 24.01, a PEG ratio of 1.83 and a beta of 0.68. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $296.50.

General Dynamics (NYSE:GD) last announced 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). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.39 billion. During the same quarter in the previous year, the business posted $3.58 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that General Dynamics Co. will post 14.57 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is 47.25%.

About General Dynamics

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.