Revolve Wealth Partners LLC Increases Stock Holdings in General Dynamics Co. (NYSE:GD)

Revolve Wealth Partners LLC increased its holdings in shares of General Dynamics Co. (NYSE:GD) by 5.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 878 shares of the aerospace company’s stock after buying an additional 47 shares during the period. Revolve Wealth Partners LLC’s holdings in General Dynamics were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC purchased a new position in General Dynamics in the 4th quarter valued at $25,000. Richardson Financial Services Inc. acquired a new stake in shares of General Dynamics in the 4th quarter worth $25,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of General Dynamics in the 1st quarter worth $29,000. Scarborough Advisors LLC acquired a new stake in shares of General Dynamics in the 4th quarter worth $33,000. Finally, Voisard Asset Management Group Inc. acquired a new stake in shares of General Dynamics in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of General Dynamics stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the transaction, the chief financial officer now owns 79,255 shares of the company’s stock, valued at $23,630,670.80. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Phebe N. Novakovic sold 49,850 shares of the business’s stock in a transaction that occurred 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 owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kimberly A. Kuryea sold 13,344 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total value of $3,978,647.04. Following the completion of the transaction, the chief financial officer now directly owns 79,255 shares in the company, valued at approximately $23,630,670.80. 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 quarter. Company insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GD. Jefferies Financial Group raised General Dynamics from a “hold” rating to a “buy” rating and raised their target price for the stock from $305.00 to $335.00 in a research note on Monday, April 29th. JPMorgan Chase & Co. raised their price objective on General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. The Goldman Sachs Group raised their price objective on General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. StockNews.com downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Susquehanna raised their target price on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a report on Friday, April 12th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $303.24.

General Dynamics Price Performance

GD stock opened at $292.50 on Friday. The business has a 50 day moving average price of $294.10 and a 200 day moving average price of $277.37. The stock has a market cap of $80.25 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 1.68 and a beta of 0.64. General Dynamics Co. has a fifty-two week low of $209.25 and a fifty-two week high of $302.75. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share 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%. General Dynamics’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.64 EPS. Equities research analysts anticipate that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, July 5th. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

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.