Silver Oak Securities Incorporated Buys 1,008 Shares of General Dynamics Co. (NYSE:GD)

Silver Oak Securities Incorporated boosted its position in General Dynamics Co. (NYSE:GD) by 533.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,197 shares of the aerospace company’s stock after acquiring an additional 1,008 shares during the quarter. Silver Oak Securities Incorporated’s holdings in General Dynamics were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC boosted its stake in General Dynamics by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock valued at $2,812,000 after purchasing an additional 41 shares during the last quarter. Cornercap Investment Counsel Inc. boosted its position in shares of General Dynamics by 0.4% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock valued at $2,695,000 after buying an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in General Dynamics by 6.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company’s stock worth $152,000 after buying an additional 42 shares in the last quarter. Raleigh Capital Management Inc. raised its position in General Dynamics by 2.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock worth $408,000 after buying an additional 42 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its stake in General Dynamics by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,304 shares of the aerospace company’s stock valued at $339,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity

In related news, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the transaction, the chief executive officer now owns 768,977 shares in the company, valued at $218,773,956.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Phebe N. Novakovic sold 49,850 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the transaction, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Gregory S. Gallopoulos sold 13,567 shares of General Dynamics stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the sale, the vice president now directly owns 103,345 shares in the company, valued at approximately $29,816,065.95. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the topic of several research reports. Barclays raised their target price on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Citigroup raised their price target on General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. increased their target price on General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Alembic Global Advisors downgraded General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target for the company. in a research note on Monday, January 29th. Finally, Jefferies Financial Group upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and increased their price objective for the stock from $305.00 to $335.00 in a research note on Monday. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus price target of $297.06.

General Dynamics Stock Down 0.2 %

Shares of GD stock opened at $287.16 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87. General Dynamics Co. has a one year low of $202.35 and a one year high of $296.50. The company’s fifty day moving average price is $281.59 and its 200-day moving average price is $262.72. The company has a market capitalization of $78.79 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 1.79 and a beta of 0.68.

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

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.98%. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. General Dynamics’s dividend payout ratio is presently 46.33%.

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.