Savant Capital LLC Has $1.15 Million Position in General Dynamics Co. (NYSE:GD)

Savant Capital LLC lifted its holdings in shares of General Dynamics Co. (NYSE:GD) by 3.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,438 shares of the aerospace company’s stock after buying an additional 166 shares during the period. Savant Capital LLC’s holdings in General Dynamics were worth $1,153,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MONECO Advisors LLC raised its holdings in shares of General Dynamics by 12.1% in the 4th quarter. MONECO Advisors LLC now owns 1,868 shares of the aerospace company’s stock valued at $485,000 after purchasing an additional 201 shares during the period. Brighton Jones LLC raised its stake in General Dynamics by 2.5% in the fourth quarter. Brighton Jones LLC now owns 2,471 shares of the aerospace company’s stock valued at $642,000 after buying an additional 61 shares during the period. Mission Wealth Management LP lifted its position in shares of General Dynamics by 495.1% in the fourth quarter. Mission Wealth Management LP now owns 10,700 shares of the aerospace company’s stock valued at $2,778,000 after buying an additional 8,902 shares during the last quarter. WealthTrust Axiom LLC bought a new position in shares of General Dynamics during the 4th quarter worth approximately $225,000. Finally, Certuity LLC bought a new stake in General Dynamics in the 4th quarter valued at $1,050,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

GD stock opened at $288.14 on Friday. The company’s 50-day moving average price is $282.18 and its two-hundred day moving average price is $263.05. The firm has a market cap of $79.05 billion, a P/E ratio of 23.50, a P/E/G ratio of 1.79 and a beta of 0.67. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $296.50.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). The firm had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.26 billion. General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $2.64 earnings per share. On average, analysts anticipate that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be paid a $1.42 dividend. The ex-dividend date is Thursday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a yield of 1.97%. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

Insider Buying and Selling at General Dynamics

In other news, VP Gregory S. Gallopoulos sold 13,567 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the transaction, the vice president now owns 103,345 shares of the company’s stock, valued at $29,816,065.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the completion of the transaction, the vice president now directly owns 103,345 shares in the company, valued at $29,816,065.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the sale, the chief executive officer now directly owns 768,977 shares in the company, valued at approximately $218,773,956.50. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on GD shares. Argus lifted their price objective on shares of General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Friday. Susquehanna raised their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. Jefferies Financial Group upgraded General Dynamics from a “hold” rating to a “buy” rating and increased their target price for the stock from $305.00 to $335.00 in a research note on Monday, April 29th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average target price of $297.06.

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.