Breakwater Capital Group Makes New $237,000 Investment in General Dynamics Co. (NYSE:GD)

Breakwater Capital Group purchased a new stake in shares of General Dynamics Co. (NYSE:GD) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 840 shares of the aerospace company’s stock, valued at approximately $237,000.

A number of other institutional investors also recently bought and sold shares of GD. Legend Financial Advisors Inc. increased its stake in shares of General Dynamics by 46.8% in the 1st quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 36 shares in the last quarter. Fulton Bank N.A. boosted its position in shares of General Dynamics by 1.1% in the 1st quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock worth $932,000 after purchasing an additional 37 shares in the last quarter. Copperwynd Financial LLC grew its stake in shares of General Dynamics by 3.7% in the 4th quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock worth $274,000 after buying an additional 38 shares during the last quarter. Woodward Diversified Capital LLC increased its position in General Dynamics by 2.3% during the 4th quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock valued at $448,000 after buying an additional 39 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its holdings in General Dynamics by 16.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 287 shares of the aerospace company’s stock worth $75,000 after acquiring an additional 40 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other General Dynamics 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 value of $3,914,215.17. Following the completion of the sale, the vice president now directly owns 103,345 shares in the company, valued at approximately $29,816,065.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Phebe N. Novakovic sold 49,850 shares of General Dynamics stock in a transaction on Friday, April 26th. The stock was 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 in the company, valued at approximately $218,773,956.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $3,914,215.17. Following the sale, the vice president now owns 103,345 shares of the company’s stock, valued at $29,816,065.95. The disclosure for this sale can be found here. Insiders have sold 118,486 shares of company stock worth $34,391,642 in the last ninety days. 1.60% of the stock is owned by company insiders.

General Dynamics Trading Down 0.8 %

GD opened at $290.14 on Monday. General Dynamics Co. has a one year low of $210.65 and a one year high of $302.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. The stock has a market cap of $79.60 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 1.65 and a beta of 0.60. The stock’s 50 day moving average price is $294.27 and its 200-day moving average price is $278.06.

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 company had revenue of $10.73 billion during 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 quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.64 EPS. On average, equities analysts forecast that General Dynamics Co. will post 14.55 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be paid a $1.42 dividend. The ex-dividend date is Friday, July 5th. This represents a $5.68 annualized dividend and a yield of 1.96%. General Dynamics’s dividend payout ratio (DPR) is currently 46.33%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GD. Sanford C. Bernstein lifted their target price on General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. Argus lifted their price objective on General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Wells Fargo & Company increased their target price on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Susquehanna lifted their price target on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a report on Friday, April 12th. Finally, Royal Bank of Canada reduced their price objective on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $303.24.

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.