Kestra Private Wealth Services LLC Has $13.67 Million Position in General Dynamics Co. (NYSE:GD)

Kestra Private Wealth Services LLC lifted its holdings in shares of General Dynamics Co. (NYSE:GD) by 10.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 52,658 shares of the aerospace company’s stock after acquiring an additional 5,140 shares during the period. Kestra Private Wealth Services LLC’s holdings in General Dynamics were worth $13,674,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Briaud Financial Planning Inc acquired a new stake in shares of General Dynamics in the 3rd quarter valued at $27,000. Rakuten Securities Inc. acquired a new position in General Dynamics in the fourth quarter valued at about $38,000. Wetzel Investment Advisors Inc. bought a new stake in General Dynamics during the fourth quarter worth about $38,000. Operose Advisors LLC bought a new position in shares of General Dynamics in the third quarter valued at approximately $40,000. Finally, Rational Advisors LLC acquired a new position in shares of General Dynamics in the 3rd quarter worth approximately $42,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Alembic Global Advisors downgraded General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective for the company. in a research report on Monday, January 29th. The Goldman Sachs Group lifted their price target on General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. UBS Group increased their price objective on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. JPMorgan Chase & Co. upped their target price on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Barclays raised their price target on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, April 15th. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $297.06.

General Dynamics Trading Up 1.2 %

NYSE:GD traded up $3.38 during mid-day trading on Monday, hitting $287.79. The company had a trading volume of 1,293,625 shares, compared to its average volume of 1,116,899. The firm has a market cap of $78.96 billion, a P/E ratio of 23.47, a P/E/G ratio of 1.77 and a beta of 0.68. General Dynamics Co. has a fifty-two week low of $202.35 and a fifty-two week high of $296.50. The business’s fifty day moving average is $281.23 and its two-hundred day moving average is $262.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44.

General Dynamics (NYSE:GD) last announced its quarterly 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). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The firm had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the prior year, the business earned $2.64 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts expect that General Dynamics Co. will post 14.57 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be issued a $1.42 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.97%. General Dynamics’s payout ratio is 46.33%.

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.