Janiczek Wealth Management LLC Boosts Stock Holdings in General Dynamics Co. (NYSE:GD)

Janiczek Wealth Management LLC boosted its stake in shares of General Dynamics Co. (NYSE:GD) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,095 shares of the aerospace company’s stock after purchasing an additional 87 shares during the period. Janiczek Wealth Management LLC’s holdings in General Dynamics were worth $592,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GD. MeadowBrook Investment Advisors LLC purchased a new position in General Dynamics during the fourth quarter worth approximately $25,000. Richardson Financial Services Inc. purchased a new position in shares of General Dynamics in the 4th quarter valued at $25,000. Financial Synergies Wealth Advisors Inc. purchased a new position in shares of General Dynamics in the 1st quarter valued at $29,000. Scarborough Advisors LLC purchased a new position in shares of General Dynamics in the 4th quarter valued at $33,000. Finally, Voisard Asset Management Group Inc. purchased a new position in shares of General Dynamics in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of GD stock traded down $1.70 during midday trading on Thursday, reaching $292.83. 213,155 shares of the company were exchanged, compared to its average volume of 1,039,118. General Dynamics Co. has a 12 month low of $209.25 and a 12 month high of $302.75. The company has a market cap of $80.34 billion, a P/E ratio of 23.97, a PEG ratio of 1.68 and a beta of 0.64. The company’s 50 day moving average price is $294.10 and its two-hundred day moving average price is $277.37. 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 announced its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($0.01). The business had revenue of $10.73 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $2.64 EPS. On average, sell-side analysts expect that General Dynamics Co. will post 14.55 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $5.68 annualized dividend and a dividend yield of 1.94%. General Dynamics’s dividend payout ratio is currently 46.33%.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 49,850 shares of General Dynamics stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other General Dynamics news, VP Gregory S. Gallopoulos sold 13,567 shares of General Dynamics stock in a transaction that occurred on Monday, April 29th. The shares were 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 $29,816,065.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 49,850 shares of General Dynamics stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The disclosure for this sale can be found here. Insiders have sold 118,486 shares of company stock valued at $34,391,642 in the last quarter. Insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Citigroup raised their price objective on shares of General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Royal Bank of Canada decreased their price objective on shares of General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Wells Fargo & Company raised their price objective 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. Finally, Jefferies Financial Group raised shares of General Dynamics from a “hold” rating to a “buy” rating and raised their price objective for the stock from $305.00 to $335.00 in a report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $303.24.

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.