Arista Wealth Management LLC Acquires Shares of 1,119 General Dynamics Co. (NYSE:GD)

Arista Wealth Management LLC acquired a new stake in General Dynamics Co. (NYSE:GD) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,119 shares of the aerospace company’s stock, valued at approximately $290,000.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of General Dynamics by 99.3% during the fourth quarter. Pacer Advisors Inc. now owns 29,045 shares of the aerospace company’s stock worth $7,542,000 after acquiring an additional 14,468 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of General Dynamics during the third quarter worth $16,077,000. Moreno Evelyn V grew its stake in shares of General Dynamics by 17.1% during the third quarter. Moreno Evelyn V now owns 27,310 shares of the aerospace company’s stock worth $6,035,000 after purchasing an additional 3,991 shares during the period. Clough Capital Partners L P acquired a new stake in shares of General Dynamics during the third quarter worth $26,868,000. Finally, Victory Capital Management Inc. grew its stake in shares of General Dynamics by 57.7% during the third quarter. Victory Capital Management Inc. now owns 326,121 shares of the aerospace company’s stock worth $72,063,000 after purchasing an additional 119,264 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the sale, the executive vice president now owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the sale, the executive vice president now owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the transaction, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Stock Up 0.8 %

GD traded up $2.17 on Thursday, hitting $286.63. 84,019 shares of the company were exchanged, compared to its average volume of 1,061,089. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $296.50. The company has a market cap of $78.64 billion, a PE ratio of 23.67, a PEG ratio of 1.81 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. The stock’s fifty day moving average is $278.37 and its 200-day moving average is $258.85.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.39 billion. During the same quarter in the previous year, the company posted $3.58 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that General Dynamics Co. will post 14.57 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be paid a $1.42 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 annualized dividend and a yield of 1.98%. General Dynamics’s dividend payout ratio is currently 47.25%.

Wall Street Analyst Weigh In

GD has been the subject of a number of analyst reports. Susquehanna lifted their price objective on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research note on Friday, April 12th. Wells Fargo & Company lifted their price objective on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Barclays boosted their target price on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday. Alembic Global Advisors cut General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price for the company. in a research note on Monday, January 29th. Finally, The Goldman Sachs Group boosted their price target on General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $283.80.

About General Dynamics

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.