BOS Asset Management LLC Makes New Investment in General Dynamics Co. (NYSE:GD)

BOS Asset Management LLC acquired a new stake in shares of General Dynamics Co. (NYSE:GD) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 1,533 shares of the aerospace company’s stock, valued at approximately $404,000.

Other hedge funds also recently made changes to their positions in the company. Purus Wealth Management LLC grew its position in General Dynamics by 1.5% during the 4th quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock worth $701,000 after purchasing an additional 39 shares during the period. Armstrong Advisory Group Inc. raised its position in General Dynamics by 4.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company’s stock valued at $277,000 after acquiring an additional 40 shares in the last quarter. Austin Wealth Management LLC boosted its position in General Dynamics by 5.4% in the 4th quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company’s stock worth $220,000 after purchasing an additional 42 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of General Dynamics by 35.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 43 shares in the last quarter. Finally, Stokes Family Office LLC grew its position in General Dynamics by 0.4% during the fourth quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company’s stock valued at $2,708,000 after buying an additional 43 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now owns 45,192 shares in the company, valued at $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now owns 11,175 shares in the company, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GD has been the subject of several recent analyst reports. Wells Fargo & Company cut their price target on General Dynamics from $261.00 to $236.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Barclays dropped their price target on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley cut shares of General Dynamics from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $315.00 to $305.00 in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Baird R W lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $294.47.

General Dynamics Stock Down 0.3 %

Shares of NYSE GD opened at $275.70 on Friday. General Dynamics Co. has a 52-week low of $239.20 and a 52-week high of $316.90. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $261.54 and its two-hundred day moving average is $273.10. The firm has a market cap of $73.99 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.69 and a beta of 0.43.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Research analysts predict that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be paid a $1.50 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, April 11th. General Dynamics’s dividend payout ratio (DPR) is presently 43.99%.

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.