Evoke Wealth LLC Has $551,000 Stock Holdings in General Dynamics Co. (NYSE:GD)

Evoke Wealth LLC lessened its position in General Dynamics Co. (NYSE:GD) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,089 shares of the aerospace company’s stock after selling 107 shares during the quarter. Evoke Wealth LLC’s holdings in General Dynamics were worth $551,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GD. Financial Life Planners acquired a new stake in General Dynamics in the 4th quarter valued at approximately $25,000. Whipplewood Advisors LLC acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Performance

GD opened at $267.51 on Wednesday. The business has a fifty day simple moving average of $258.20 and a 200 day simple moving average of $278.32. The company has a market capitalization of $72.32 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59. General Dynamics Co. has a 1 year low of $239.87 and a 1 year high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82.

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

General Dynamics declared that its board has approved a share repurchase program on Wednesday, December 4th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the aerospace company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a yield of 2.24%. General Dynamics’s payout ratio is currently 43.99%.

Insider Buying and Selling at General Dynamics

In other news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the transaction, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at $12,297,195.12. This trade represents a 37.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on GD shares. Vertical Research lowered General Dynamics from a “buy” rating to a “hold” rating and lowered their price target for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. Wolfe Research lowered General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. BTIG Research lowered General Dynamics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 13th. TD Cowen lowered their price target on General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company lifted their target price on General Dynamics from $244.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, General Dynamics currently has an average rating of “Hold” and a consensus price target of $297.71.

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.