Roman Butler Fullerton & Co. Invests $217,000 in General Dynamics Co. (NYSE:GD)

Roman Butler Fullerton & Co. purchased a new position in shares of General Dynamics Co. (NYSE:GD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 819 shares of the aerospace company’s stock, valued at approximately $217,000.

Several other institutional investors have also modified their holdings of GD. Norges Bank purchased a new stake in General Dynamics in the 4th quarter valued at approximately $607,393,000. Wellington Management Group LLP lifted its stake in General Dynamics by 12.0% in the 3rd quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after buying an additional 1,755,276 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in General Dynamics by 484.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,749,729 shares of the aerospace company’s stock valued at $399,306,000 after buying an additional 1,450,213 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in General Dynamics by 91,832.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,386,337 shares of the aerospace company’s stock valued at $343,964,000 after buying an additional 1,384,829 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in General Dynamics by 10,763.2% in the 4th quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock valued at $239,829,000 after acquiring an additional 915,091 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction 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 document filed with the SEC, which is available through this hyperlink. In related news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction 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 document filed with the SEC, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the sale, the chief executive officer now owns 773,977 shares in the company, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Alembic Global Advisors downgraded General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target for the company. in a report on Monday, January 29th. Susquehanna upped their price target on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. Wells Fargo & Company upped their price target on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Barclays upped their price target on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Royal Bank of Canada upped their price target on shares of General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $283.80.

General Dynamics Stock Performance

Shares of GD stock opened at $285.27 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. General Dynamics Co. has a one year low of $202.35 and a one year high of $296.50. The company’s 50-day simple moving average is $278.70 and its 200-day simple moving average is $259.03. The stock has a market capitalization of $78.27 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.81 and a beta of 0.68.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 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 period in the previous year, the business posted $3.58 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts anticipate that General Dynamics Co. will post 14.57 earnings per share 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. Investors of record on Friday, April 12th will be paid a dividend of $1.42 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. This represents a $5.68 annualized dividend and a yield of 1.99%. General Dynamics’s dividend payout ratio is 47.25%.

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.