Everpar Advisors LLC Purchases New Position in General Dynamics Co. (NYSE:GD)

Everpar Advisors LLC purchased a new stake in shares of General Dynamics Co. (NYSE:GD) in the 4th quarter, Holdings Channel reports. The fund purchased 3,447 shares of the aerospace company’s stock, valued at approximately $895,000.

Several other institutional investors have also recently added to or reduced their stakes in GD. Wellington Management Group LLP grew its position in shares of General Dynamics by 12.0% during the 3rd quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock worth $3,615,185,000 after buying an additional 1,755,276 shares during the period. International Assets Investment Management LLC grew its position in shares of General Dynamics by 10,763.2% during the 4th quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock worth $239,829,000 after buying an additional 915,091 shares during the period. California Public Employees Retirement System grew its position in shares of General Dynamics by 55.2% during the 3rd quarter. California Public Employees Retirement System now owns 806,917 shares of the aerospace company’s stock worth $178,304,000 after buying an additional 286,928 shares during the period. FMR LLC grew its position in shares of General Dynamics by 13.7% during the 3rd quarter. FMR LLC now owns 2,293,269 shares of the aerospace company’s stock worth $506,744,000 after buying an additional 275,947 shares during the period. Finally, Boston Partners grew its position in shares of General Dynamics by 12.7% during the 3rd quarter. Boston Partners now owns 1,763,878 shares of the aerospace company’s stock worth $392,110,000 after buying an additional 198,185 shares during the period. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Down 0.2 %

GD traded down $0.63 during trading on Wednesday, reaching $292.74. The company had a trading volume of 1,004,929 shares, compared to its average volume of 1,107,900. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $296.50. The business’s fifty day moving average price is $283.23 and its 200 day moving average price is $264.48. The company has a market cap of $80.32 billion, a P/E ratio of 23.88, a PEG ratio of 1.80 and a beta of 0.67.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). The business had revenue of $10.73 billion during 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 for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.64 EPS. Equities analysts anticipate that General Dynamics Co. will post 14.55 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Thursday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s payout ratio is currently 46.33%.

Insider Transactions at General Dynamics

In other news, Director Leon Rudy F. De sold 2,570 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $288.00, for a total value of $740,160.00. Following the sale, the director now owns 5,518 shares of the company’s stock, valued at $1,589,184. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the sale, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon Rudy F. De sold 2,570 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $288.00, for a total transaction of $740,160.00. Following the sale, the director now directly owns 5,518 shares in the company, valued at $1,589,184. The disclosure for this sale can be found here. Insiders have sold a total of 65,987 shares of company stock valued at $18,836,700 over the last 90 days. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GD has been the subject of several analyst reports. Jefferies Financial Group upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and lifted their price target for the stock from $305.00 to $335.00 in a research report on Monday, April 29th. Argus boosted their price objective on shares of General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a report on Monday, April 29th. Barclays boosted their price objective 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. Citigroup boosted their price objective on shares of General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $300.53.

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.