Pacer Advisors Inc. Buys 14,468 Shares of General Dynamics Co. (NYSE:GD)

Pacer Advisors Inc. grew its stake in General Dynamics Co. (NYSE:GD) by 99.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,045 shares of the aerospace company’s stock after purchasing an additional 14,468 shares during the quarter. Pacer Advisors Inc.’s holdings in General Dynamics were worth $7,542,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Certified Advisory Corp bought a new stake in General Dynamics in the 1st quarter valued at $25,000. Briaud Financial Planning Inc bought a new stake in shares of General Dynamics in the third quarter valued at about $27,000. Impact Partnership Wealth LLC grew its stake 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 valued at $29,000 after acquiring an additional 107 shares in the last quarter. Live Oak Investment Partners bought a new position in General Dynamics during the fourth quarter worth about $30,000. Finally, Tyler Stone Wealth Management acquired a new stake in General Dynamics in the 2nd quarter worth about $30,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction on Friday, January 26th. The stock was 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 approximately $39,502,023.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction on 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 $204,569,860.87. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $281.90 on Thursday. The firm has a market capitalization of $77.34 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 1.78 and a beta of 0.68. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $269.65 and its 200 day simple moving average is $251.54. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $284.75.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The business had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.39 billion. General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.58 earnings per share. As a group, analysts anticipate that General Dynamics Co. will post 14.6 EPS for the current year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s payout ratio is 43.93%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup increased their target price on shares of General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. UBS Group boosted their price objective on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Alembic Global Advisors lowered General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a report on Monday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $300.00 price target on shares of General Dynamics in a report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $271.69.

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.