Strategies Wealth Advisors LLC Makes New Investment in General Dynamics Co. (NYSE:GD)

Strategies Wealth Advisors LLC acquired a new position in General Dynamics Co. (NYSE:GD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,728 shares of the aerospace company's stock, valued at approximately $940,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GD. Barclays PLC lifted its holdings in shares of General Dynamics by 43.1% in the 3rd quarter. Barclays PLC now owns 942,485 shares of the aerospace company's stock valued at $284,818,000 after buying an additional 283,972 shares during the period. Tudor Financial Inc. acquired a new stake in shares of General Dynamics in the 3rd quarter worth $393,000. Pine Valley Investments Ltd Liability Co lifted its holdings in General Dynamics by 4.0% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,078 shares of the aerospace company's stock valued at $2,743,000 after acquiring an additional 352 shares during the last quarter. World Investment Advisors LLC purchased a new position in General Dynamics during the third quarter worth about $3,892,000. Finally, Arvest Bank Trust Division acquired a new position in General Dynamics during the third quarter worth $20,667,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

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

General Dynamics Stock Performance

Shares of NYSE GD traded down $0.93 during trading hours on Friday, reaching $275.70. The stock had a trading volume of 1,721,990 shares, compared to its average volume of 1,357,567. The firm has a 50-day moving average of $261.16 and a 200-day moving average of $273.30. The firm has a market cap of $73.99 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.69 and a beta of 0.43. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a fifty-two week low of $239.20 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. Equities research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from General Dynamics's previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. General Dynamics's dividend payout ratio is presently 43.99%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Morgan Stanley lowered shares of General Dynamics from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $315.00 to $305.00 in a research note on Wednesday. BTIG Research lowered shares of General Dynamics from a "buy" rating to a "neutral" rating in a report on Thursday, February 13th. Susquehanna upped their price objective on General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research report on Wednesday, April 2nd. Barclays lowered their target price on General Dynamics from $305.00 to $285.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $283.00 price target (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, General Dynamics has a consensus rating of "Hold" and an average target price of $294.47.

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.