Wealth Advisors of Tampa Bay LLC Raises Holdings in General Dynamics Co. (NYSE:GD)

Wealth Advisors of Tampa Bay LLC lifted its position in General Dynamics Co. (NYSE:GD - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,543 shares of the aerospace company's stock after buying an additional 1,221 shares during the quarter. Wealth Advisors of Tampa Bay LLC's holdings in General Dynamics were worth $2,514,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Orion Investment Co increased its stake in General Dynamics by 1.0% in the fourth quarter. Orion Investment Co now owns 20,198 shares of the aerospace company's stock valued at $5,322,000 after acquiring an additional 197 shares during the last quarter. Unison Advisors LLC boosted its stake in shares of General Dynamics by 0.5% in the 4th quarter. Unison Advisors LLC now owns 16,927 shares of the aerospace company's stock valued at $4,460,000 after purchasing an additional 78 shares in the last quarter. Uniting Wealth Partners LLC purchased a new position in General Dynamics in the 4th quarter worth $394,000. Arete Wealth Advisors LLC lifted its stake in General Dynamics by 44.7% in the fourth quarter. Arete Wealth Advisors LLC now owns 5,828 shares of the aerospace company's stock worth $1,534,000 after purchasing an additional 1,800 shares during the last quarter. Finally, World Investment Advisors grew its stake in shares of General Dynamics by 13.4% during the fourth quarter. World Investment Advisors now owns 14,602 shares of the aerospace company's stock valued at $3,847,000 after buying an additional 1,721 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

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Insider Transactions at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the firm's stock in a transaction on 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 owns 11,175 shares of the company's stock, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction on 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 sale, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. This trade represents a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GD shares. The Goldman Sachs Group reduced their price target on General Dynamics from $245.00 to $241.00 and set a "sell" rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their target price on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a report on Tuesday. Royal Bank of Canada reduced their price target on General Dynamics from $290.00 to $280.00 and set a "sector perform" rating on the stock in a report on Thursday, January 30th. Baird R W downgraded General Dynamics from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Wolfe Research downgraded General Dynamics from an "outperform" rating to a "peer perform" rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, General Dynamics has a consensus rating of "Hold" and a consensus price target of $297.12.

General Dynamics Price Performance

NYSE GD traded up $15.79 during trading on Wednesday, hitting $270.19. 1,257,555 shares of the stock traded hands, compared to its average volume of 1,334,402. The company has a market capitalization of $72.51 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. General Dynamics Co. has a 12-month low of $239.20 and a 12-month high of $316.90. The firm has a 50-day simple moving average of $258.19 and a 200-day simple moving average of $274.44. 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 (NYSE:GD - Get Free Report) last issued 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 return on equity of 17.10% and a net margin of 7.93%. As a group, analysts predict that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The business also recently declared 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. 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 2.22%. General Dynamics's dividend payout ratio (DPR) is currently 43.99%.

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.