Simplicity Solutions LLC Has $1.82 Million Stake in General Dynamics Co. (NYSE:GD)

Simplicity Solutions LLC raised its stake in General Dynamics Co. (NYSE:GD) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,012 shares of the aerospace company’s stock after buying an additional 394 shares during the quarter. Simplicity Solutions LLC’s holdings in General Dynamics were worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in GD. Certified Advisory Corp acquired a new position in General Dynamics in the first quarter valued at about $25,000. Briaud Financial Planning Inc bought a new stake in shares of General Dynamics in the third quarter worth about $27,000. Impact Partnership Wealth LLC increased its holdings in shares of General Dynamics by 411.5% in the third quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 107 shares in the last quarter. Live Oak Investment Partners bought a new stake in shares of General Dynamics in the fourth quarter worth about $30,000. Finally, Tyler Stone Wealth Management bought a new stake in shares of General Dynamics in the second quarter worth about $30,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock opened at $287.87 on Monday. The firm has a market cap of $78.98 billion, a PE ratio of 23.95, a P/E/G ratio of 1.83 and a beta of 0.68. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $296.50. The company’s fifty day simple moving average is $277.33 and its 200-day simple moving average is $257.78. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41.

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

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.97%. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. General Dynamics’s payout ratio is presently 47.25%.

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 on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the transaction, the executive vice president now directly owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 773,977 shares in the company, valued at $204,569,860.87. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 149,205 shares in the company, valued at $39,502,023.75. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup increased their price target on General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Susquehanna increased their price target on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a report on Friday. 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. Wells Fargo & Company lifted their target price on General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, StockNews.com lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and an average target price of $281.77.

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.