Apollon Wealth Management LLC Purchases 6,811 Shares of General Dynamics Co. (NYSE:GD)

Apollon Wealth Management LLC boosted its holdings in General Dynamics Co. (NYSE:GD) by 36.4% during the 4th quarter, Holdings Channel reports. The firm owned 25,533 shares of the aerospace company’s stock after acquiring an additional 6,811 shares during the period. Apollon Wealth Management LLC’s holdings in General Dynamics were worth $6,630,000 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. Wellington Management Group LLP grew its stake in shares of General Dynamics by 12.0% during the 3rd quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock worth $3,615,185,000 after acquiring an additional 1,755,276 shares during the period. International Assets Investment Management LLC increased its stake in shares of General Dynamics by 10,763.2% in the fourth quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock worth $239,829,000 after purchasing an additional 915,091 shares in the last quarter. California Public Employees Retirement System raised its position in shares of General Dynamics by 55.2% in the third quarter. California Public Employees Retirement System now owns 806,917 shares of the aerospace company’s stock valued at $178,304,000 after purchasing an additional 286,928 shares during the period. FMR LLC boosted its holdings in General Dynamics by 13.7% in the 3rd quarter. FMR LLC now owns 2,293,269 shares of the aerospace company’s stock worth $506,744,000 after buying an additional 275,947 shares during the period. Finally, Boston Partners grew its stake in General Dynamics by 12.7% in the 3rd quarter. Boston Partners now owns 1,763,878 shares of the aerospace company’s stock valued at $392,110,000 after buying an additional 198,185 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GD. Royal Bank of Canada cut their price target on General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. The Goldman Sachs Group raised their target price on General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Susquehanna upped their price target on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research report on Friday, April 12th. Citigroup lifted their price objective on General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Barclays boosted their price target on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $300.53.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the sale, the chief executive officer now directly owns 768,977 shares in the company, valued at $218,773,956.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the transaction, the chief executive officer now owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the sale, the vice president now directly owns 103,345 shares in the company, valued at approximately $29,816,065.95. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

General Dynamics Trading Up 1.1 %

General Dynamics stock traded up $3.23 during trading hours on Monday, reaching $291.37. The stock had a trading volume of 870,235 shares, compared to its average volume of 1,113,557. The company has a fifty day simple moving average of $282.84 and a 200-day simple moving average of $264.06. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $296.50. The stock has a market cap of $79.94 billion, a PE ratio of 23.77, a PEG ratio of 1.80 and a beta of 0.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). The business had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.26 billion. General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.64 EPS. Analysts forecast that General Dynamics Co. will post 14.55 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.95%. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. General Dynamics’s dividend payout ratio (DPR) is currently 46.33%.

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.