796 Shares in General Dynamics Co. (NYSE:GD) Acquired by Court Place Advisors LLC

Court Place Advisors LLC bought a new position in shares of General Dynamics Co. (NYSE:GD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 796 shares of the aerospace company’s stock, valued at approximately $207,000.

Several other large investors also recently bought and sold shares of GD. Markel Corp grew its position in General Dynamics by 0.9% during the 1st quarter. Markel Corp now owns 390,500 shares of the aerospace company’s stock worth $94,181,000 after purchasing an additional 3,500 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of General Dynamics by 13.2% in the 1st quarter. Moors & Cabot Inc. now owns 4,202 shares of the aerospace company’s stock valued at $1,014,000 after acquiring an additional 490 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of General Dynamics by 294.2% in the 1st quarter. Zions Bancorporation N.A. now owns 540 shares of the aerospace company’s stock valued at $130,000 after acquiring an additional 403 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of General Dynamics by 791.6% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,275 shares of the aerospace company’s stock valued at $308,000 after acquiring an additional 1,132 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of General Dynamics by 51.6% in the 1st quarter. NewEdge Advisors LLC now owns 34,153 shares of the aerospace company’s stock valued at $8,237,000 after acquiring an additional 11,630 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Royal Bank of Canada upped their price objective on shares of General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Alembic Global Advisors downgraded shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective on the stock. in a report on Monday, January 29th. UBS Group upped their price objective on shares of General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Finally, StockNews.com downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $283.80.

General Dynamics Stock Performance

NYSE GD traded down $0.82 during mid-day trading on Wednesday, reaching $284.48. 708,708 shares of the stock were exchanged, compared to its average volume of 1,074,614. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. The business’s 50 day moving average is $278.07 and its 200-day moving average is $258.67. The company has a market capitalization of $78.05 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.81 and a beta of 0.68. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $296.50.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.58 earnings per share. On average, equities research analysts forecast that General Dynamics Co. will post 14.57 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a yield of 2.00%. General Dynamics’s dividend payout ratio is currently 47.25%.

Insiders Place Their Bets

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the sale, the executive vice president now directly owns 149,205 shares in the company, valued at $39,502,023.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the sale, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company 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.