Bernard Wealth Management Corp. Invests $1.25 Million in General Dynamics Co. (NYSE:GD)

Bernard Wealth Management Corp. bought a new stake in General Dynamics Co. (NYSE:GD - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,628 shares of the aerospace company's stock, valued at approximately $1,250,000. General Dynamics accounts for 0.9% of Bernard Wealth Management Corp.'s investment portfolio, making the stock its 25th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Life Planners purchased a new stake in shares of General Dynamics in the 4th quarter valued at approximately $25,000. Whipplewood Advisors LLC acquired a new position in shares of General Dynamics during the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in General Dynamics in the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new stake in General Dynamics in the fourth quarter valued at $28,000. Finally, Heck Capital Advisors LLC purchased a new stake in General Dynamics during the 4th quarter worth about $28,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GD has been the topic of several research analyst reports. Robert W. Baird reissued a "neutral" rating and set a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Wells Fargo & Company cut their price objective on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Barclays lowered their target price on shares of General Dynamics from $305.00 to $285.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Susquehanna lifted their price target on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research note on Wednesday, April 2nd. Finally, TD Cowen decreased their price objective on shares of General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $296.82.

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General Dynamics Stock Performance

NYSE:GD traded up $4.84 during midday trading on Friday, reaching $276.66. The stock had a trading volume of 1,568,464 shares, compared to its average volume of 1,349,389. The stock has a market cap of $74.25 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.69 and a beta of 0.43. 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 Co. has a 12-month low of $239.20 and a 12-month high of $316.90. The firm has a fifty day simple moving average of $259.48 and a two-hundred day simple moving average of $273.58.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, equities analysts expect that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.17%. General Dynamics's payout ratio is 43.99%.

Insider Buying and Selling

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the sale, the director now directly owns 11,175 shares in the company, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the transaction, the senior vice president now owns 45,192 shares of the company's stock, valued at $12,297,195.12. This represents a 37.88 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by corporate 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.