General Dynamics Co. (NYSE:GD) Stake Boosted by Glenview Trust co

Glenview Trust co increased its position in shares of General Dynamics Co. (NYSE:GD) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,228 shares of the aerospace company’s stock after acquiring an additional 993 shares during the period. Glenview Trust co’s holdings in General Dynamics were worth $2,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GD. Financial Life Planners bought a new position in shares of General Dynamics during the 4th quarter valued at $25,000. Whipplewood Advisors LLC acquired a new position in General Dynamics during the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new position in General Dynamics during the fourth quarter valued at about $26,000. Heck Capital Advisors LLC bought a new stake in shares of General Dynamics during the 4th quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of General Dynamics during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Up 0.4 %

Shares of GD opened at $262.19 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $257.89 and a two-hundred day moving average price of $278.77. The stock has a market cap of $70.88 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 1.69 and a beta of 0.59. General Dynamics Co. has a 12 month low of $239.87 and a 12 month high of $316.90.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Equities analysts predict that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be given a dividend of $1.50 per share. The ex-dividend date is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.29%. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio (DPR) is 43.99%.

Insider Activity at General Dynamics

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now owns 11,175 shares of the company’s stock, valued at $2,857,224. The trade was a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. UBS Group decreased their target price on General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada lowered their target price on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 30th. Baird R W cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. cut their price objective on General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, William Blair lowered General Dynamics from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $297.71.

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.