Vise Technologies Inc. Acquires 9,608 Shares of General Dynamics Corporation $GD

Vise Technologies Inc. boosted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 295.4% during the fourth quarter, HoldingsChannel reports. The fund owned 12,860 shares of the aerospace company’s stock after purchasing an additional 9,608 shares during the quarter. Vise Technologies Inc.’s holdings in General Dynamics were worth $4,329,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GD. Dunhill Financial LLC grew its holdings in General Dynamics by 620.0% during the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 62 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in General Dynamics during the 3rd quarter worth approximately $25,000. Dagco Inc. bought a new stake in General Dynamics during the 4th quarter worth approximately $25,000. Burkett Financial Services LLC grew its holdings in General Dynamics by 650.0% during the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 65 shares during the last quarter. Finally, Steph & Co. grew its holdings in General Dynamics by 65.2% during the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 30 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Up 1.4%

General Dynamics stock opened at $346.43 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. General Dynamics Corporation has a 12-month low of $268.10 and a 12-month high of $369.70. The firm’s fifty day moving average is $340.09 and its 200 day moving average is $346.31. The company has a market capitalization of $93.69 billion, a PE ratio of 21.80, a PEG ratio of 2.12 and a beta of 0.34.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The company had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $12.70 billion. During the same quarter in the previous year, the company earned $3.66 EPS. General Dynamics’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, sell-side analysts predict that General Dynamics Corporation will post 16.62 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 2nd will be given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, July 2nd. General Dynamics’s payout ratio is presently 40.03%.

Insider Activity at General Dynamics

In related news, CEO Phebe N. Novakovic sold 32,918 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the transaction, the chief executive officer owned 766,457 shares in the company, valued at $271,394,759.13. The trade was a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lagrand Burns sold 36,480 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the transaction, the executive vice president owned 38,975 shares in the company, valued at $13,457,677.75. The trade was a 48.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,600 shares of company stock worth $41,650,580 in the last quarter. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on shares of General Dynamics from $410.00 to $435.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. The Goldman Sachs Group reduced their price objective on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a research note on Monday, May 4th. Wells Fargo & Company initiated coverage on shares of General Dynamics in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 price objective on the stock. UBS Group reduced their price objective on shares of General Dynamics from $385.00 to $371.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $385.00 price objective on shares of General Dynamics in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $387.40.

General Dynamics Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.