Arbor Wealth Advisors LLC Purchases Shares of 3,095 General Dynamics Co. (NYSE:GD)

Arbor Wealth Advisors LLC purchased a new stake in shares of General Dynamics Co. (NYSE:GD) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,095 shares of the aerospace company’s stock, valued at approximately $804,000. General Dynamics makes up approximately 0.8% of Arbor Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GD. Capital Investment Advisors LLC boosted its stake in shares of General Dynamics by 14.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 9,022 shares of the aerospace company’s stock worth $1,993,000 after acquiring an additional 1,144 shares in the last quarter. Impact Partnership Wealth LLC boosted its stake in shares of General Dynamics by 411.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 107 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. bought a new stake in shares of General Dynamics during the 3rd quarter worth $213,000. Perennial Advisors LLC boosted its stake in shares of General Dynamics by 1.0% during the 3rd quarter. Perennial Advisors LLC now owns 22,296 shares of the aerospace company’s stock worth $4,927,000 after acquiring an additional 220 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its stake in shares of General Dynamics by 6.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 19,668 shares of the aerospace company’s stock worth $4,780,000 after acquiring an additional 1,112 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Up 0.5 %

NYSE GD traded up $1.39 during trading on Tuesday, hitting $292.70. 1,132,059 shares of the company traded hands, compared to its average volume of 1,066,708. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $280.02 and a 200 day simple moving average of $261.08. The company has a market capitalization of $80.31 billion, a P/E ratio of 24.35, a PEG ratio of 1.83 and a beta of 0.68. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $296.50.

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

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be given a dividend of $1.42 per share. The ex-dividend date is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a yield of 1.94%. General Dynamics’s dividend payout ratio (DPR) is 47.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GD shares. UBS Group raised their price objective on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Wells Fargo & Company raised their target price on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. StockNews.com cut General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. The Goldman Sachs Group raised their target price on General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada increased their price objective on General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $283.80.

Insider Buying and Selling

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