Southland Equity Partners LLC Makes New $239,000 Investment in General Dynamics Co. (NYSE:GD)

Southland Equity Partners LLC acquired a new position in shares of General Dynamics Co. (NYSE:GDFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 920 shares of the aerospace company’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GD. Certified Advisory Corp acquired a new position in shares of General Dynamics during the 1st quarter worth about $25,000. Live Oak Investment Partners acquired a new position in shares of General Dynamics during the 4th quarter worth about $30,000. Briaud Financial Planning Inc acquired a new position in shares of General Dynamics during the 3rd quarter worth about $27,000. Impact Partnership Wealth LLC grew its position 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 buying an additional 107 shares during the period. Finally, Tyler Stone Wealth Management acquired a new position in shares of General Dynamics during the 2nd quarter worth about $30,000. 86.08% of the stock is owned by institutional investors.

General Dynamics Trading Down 0.1 %

NYSE GD opened at $275.21 on Friday. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $277.43. The stock has a market capitalization of $75.40 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.75 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. The stock’s 50 day moving average price is $265.79 and its two-hundred day moving average price is $248.55.

General Dynamics (NYSE:GDGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.39 billion. During the same quarter in the prior year, the company earned $3.58 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, analysts anticipate that General Dynamics Co. will post 14.6 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be paid a dividend of $1.42 per share. The ex-dividend date is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.06%. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is currently 47.25%.

Insider Transactions at General Dynamics

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction on Monday, January 29th. The stock was 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 owns 773,977 shares in the company, valued at approximately $204,569,860.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the sale, the executive vice president now owns 149,205 shares in the company, valued at approximately $39,502,023.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 773,977 shares in the company, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

GD has been the subject of several analyst reports. Citigroup boosted their target price on General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $300.00 price objective on shares of General Dynamics in a research report on Thursday, January 25th. Alembic Global Advisors lowered 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. StockNews.com lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Finally, UBS Group boosted their price objective on General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.69.

View Our Latest Stock Report on General Dynamics

About General Dynamics

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.