Altrius Capital Management Inc Has $3.85 Million Stock Position in General Dynamics Co. (NYSE:GD)

Altrius Capital Management Inc reduced its holdings in shares of General Dynamics Co. (NYSE:GD) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,809 shares of the aerospace company’s stock after selling 73 shares during the quarter. Altrius Capital Management Inc’s holdings in General Dynamics were worth $3,846,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GD. Briaud Financial Planning Inc acquired a new position in shares of General Dynamics during the third quarter valued at about $27,000. Rakuten Securities Inc. purchased a new position in General Dynamics during the fourth quarter worth about $38,000. Wetzel Investment Advisors Inc. purchased a new position in General Dynamics during the fourth quarter worth about $38,000. Operose Advisors LLC purchased a new position in General Dynamics during the third quarter worth about $40,000. Finally, Rational Advisors LLC purchased a new position in General Dynamics during the third quarter worth about $42,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Price Performance

General Dynamics stock traded up $3.38 during midday trading on Monday, reaching $287.79. 1,293,625 shares of the stock were exchanged, compared to its average volume of 1,116,899. The company’s fifty day moving average is $280.86 and its 200-day moving average is $262.05. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. The firm has a market cap of $78.96 billion, a PE ratio of 23.61, a PEG ratio of 1.77 and a beta of 0.68. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $296.50.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). The firm had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $2.64 EPS. On average, sell-side analysts forecast 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 issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is 46.33%.

Analysts Set New Price Targets

GD has been the topic of several research reports. Alembic Global Advisors lowered shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective on the stock. in a research report on Monday, January 29th. UBS Group lifted their price objective on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Citigroup lifted their price objective on shares of General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group lifted their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $297.06.

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.