Advantage Trust Co Invests $62,000 in General Dynamics Co. (NYSE:GD)

Advantage Trust Co bought a new stake in General Dynamics Co. (NYSE:GD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 240 shares of the aerospace company’s stock, valued at approximately $62,000.

Other large investors have also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC boosted its position in shares of General Dynamics by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock valued at $2,812,000 after acquiring an additional 41 shares during the last quarter. Cornercap Investment Counsel Inc. lifted its position in General Dynamics by 0.4% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock valued at $2,695,000 after purchasing an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in General Dynamics by 6.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 687 shares of the aerospace company’s stock worth $152,000 after buying an additional 42 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of General Dynamics by 2.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,846 shares of the aerospace company’s stock worth $408,000 after buying an additional 42 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its position in shares of General Dynamics by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,304 shares of the aerospace company’s stock valued at $339,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Up 1.1 %

NYSE:GD traded up $3.28 on Thursday, reaching $296.02. 707,609 shares of the stock traded hands, compared to its average volume of 1,103,452. The company’s fifty day simple moving average is $283.60 and its 200 day simple moving average is $264.67. The company has a market capitalization of $81.22 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.80 and a beta of 0.67. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $296.50. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the prior year, the business posted $2.64 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts predict that General Dynamics Co. will post 14.55 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be paid a $1.42 dividend. 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. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.92%. General Dynamics’s payout ratio is currently 46.33%.

Insider Activity

In related news, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the completion of the sale, the vice president now owns 103,345 shares in the company, valued at $29,816,065.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the completion of the sale, the vice president now directly owns 103,345 shares of the company’s stock, valued at $29,816,065.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Leon Rudy F. De sold 2,570 shares of General Dynamics 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 transaction, the director now owns 5,518 shares in the company, valued at approximately $1,589,184. The disclosure for this sale can be found here. Insiders sold 65,987 shares of company stock valued at $18,836,700 over the last three months. Insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GD. StockNews.com downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. boosted their target price on General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Royal Bank of Canada reduced their price target on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. 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 research note on Monday, January 29th. Finally, Susquehanna lifted their target price on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.