SVB Wealth LLC Makes New $336,000 Investment in General Dynamics Co. (NYSE:GD)

SVB Wealth LLC bought a new stake in General Dynamics Co. (NYSE:GD - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,275 shares of the aerospace company's stock, valued at approximately $336,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. Financial Life Planners bought a new stake in shares of General Dynamics in the fourth quarter valued at approximately $25,000. Hara Capital LLC bought a new stake in General Dynamics during the 3rd quarter worth approximately $26,000. Whipplewood Advisors LLC bought a new stake in General Dynamics during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in General Dynamics during the 4th quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC bought a new stake in General Dynamics during the 4th quarter worth approximately $28,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Trading Up 2.7 %

Shares of General Dynamics stock traded up $7.27 during trading on Friday, reaching $271.82. The company's stock had a trading volume of 1,978,836 shares, compared to its average volume of 1,795,760. The company has a market cap of $73.49 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.69 and a beta of 0.59. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The firm's 50-day moving average is $257.80 and its two-hundred day moving average is $279.99. General Dynamics Co. has a 52-week low of $239.87 and a 52-week high of $316.90.

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General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results 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%. On average, sell-side analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be issued a $1.50 dividend. The ex-dividend date is Friday, April 11th. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a yield of 2.21%. General Dynamics's dividend payout ratio is 41.64%.

General Dynamics declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 4th that allows the company to repurchase 10,000,000 shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup decreased their target price on shares of General Dynamics from $360.00 to $335.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Susquehanna decreased their target price on shares of General Dynamics from $315.00 to $300.00 and set a "positive" rating on the stock in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Dynamics from $303.00 to $295.00 and set a "hold" rating on the stock in a report on Thursday, January 2nd. The Goldman Sachs Group cut their price target on shares of General Dynamics from $245.00 to $241.00 and set a "sell" rating for the company in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of General Dynamics from $307.00 to $284.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $297.71.

Insiders Place Their Bets

In related news, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the transaction, the director now directly owns 11,175 shares in the company, valued at $2,857,224. This trade represents a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company's stock.

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.