126 Shares in General Dynamics Co. (NYSE:GD) Purchased by Scarborough Advisors LLC

Scarborough Advisors LLC acquired a new position in shares of General Dynamics Co. (NYSE:GD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 126 shares of the aerospace company’s stock, valued at approximately $33,000.

Other large investors have also added to or reduced their stakes in the company. Eudaimonia Partners LLC bought a new position in General Dynamics during the fourth quarter worth about $240,000. Benjamin F. Edwards & Company Inc. boosted its position in General Dynamics by 188.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 40,830 shares of the aerospace company’s stock worth $10,602,000 after purchasing an additional 26,668 shares during the period. Pacer Advisors Inc. boosted its position in General Dynamics by 99.3% during the fourth quarter. Pacer Advisors Inc. now owns 29,045 shares of the aerospace company’s stock worth $7,542,000 after purchasing an additional 14,468 shares during the period. Principal Securities Inc. bought a new position in shares of General Dynamics in the fourth quarter valued at approximately $1,056,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in shares of General Dynamics in the third quarter valued at approximately $16,077,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 1.4 %

GD stock opened at $298.00 on Wednesday. The company has a market capitalization of $81.76 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.66 and a beta of 0.64. General Dynamics Co. has a one year low of $209.25 and a one year high of $302.42. The company’s 50 day moving average price is $292.81 and its two-hundred day moving average price is $275.62. 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 posted its quarterly 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). The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $2.64 earnings per share. As a group, analysts predict that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, July 5th. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Analyst Upgrades and Downgrades

GD has been the subject of a number of analyst reports. Argus raised their price objective on shares of General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Susquehanna raised their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research report on Friday, April 12th. StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Jefferies Financial Group upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and raised their price objective for the company from $305.00 to $335.00 in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $300.63.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 49,850 shares of General Dynamics stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the transaction, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 103,345 shares of the company’s stock, valued at approximately $29,816,065.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 49,850 shares of the business’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 transaction, the chief executive officer now directly owns 768,977 shares in the company, valued at $218,773,956.50. The disclosure for this sale can be found here. Insiders have sold a total of 118,486 shares of company stock valued at $34,391,642 over the last three months. 1.60% of the stock is owned by company insiders.

General Dynamics Company 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.