Radnor Capital Management LLC Sells 200 Shares of General Dynamics Co. (NYSE:GD)

Radnor Capital Management LLC trimmed its position in General Dynamics Co. (NYSE:GD) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,543 shares of the aerospace company’s stock after selling 200 shares during the period. Radnor Capital Management LLC’s holdings in General Dynamics were worth $1,724,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GD. MFA Wealth Advisors LLC grew its position in General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after buying an additional 58 shares in the last quarter. Hara Capital LLC purchased a new position in shares of General Dynamics during the third quarter worth about $26,000. Lowe Wealth Advisors LLC purchased a new position in shares of General Dynamics during the third quarter worth about $30,000. True Wealth Design LLC purchased a new stake in General Dynamics in the third quarter valued at approximately $34,000. Finally, Coston McIsaac & Partners lifted its position in General Dynamics by 22.8% during the third quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 33 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research analyst reports. Wolfe Research lowered shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. Sanford C. Bernstein dropped their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Susquehanna cut their price objective on General Dynamics from $330.00 to $315.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Vertical Research cut General Dynamics from a “buy” rating to a “hold” rating and decreased their price objective for the company from $352.00 to $290.00 in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $304.53.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the transaction, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.52% of the stock is owned by corporate insiders.

General Dynamics Stock Up 0.5 %

NYSE GD opened at $264.92 on Wednesday. The business’s 50-day moving average is $275.30 and its 200 day moving average is $288.61. The stock has a market capitalization of $72.84 billion, a PE ratio of 20.18, a PEG ratio of 1.62 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. General Dynamics Co. has a 1 year low of $247.36 and a 1 year high of $316.90.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.65 billion. During the same period last year, the firm posted $3.04 earnings per share. General Dynamics’s quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts forecast that General Dynamics Co. will post 13.84 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s payout ratio is 43.26%.

General Dynamics declared that its board has authorized a share buyback plan on Wednesday, December 4th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.