1,007 Shares in General Dynamics Co. (NYSE:GD) Acquired by Flywheel Private Wealth LLC

Flywheel Private Wealth LLC purchased a new position in shares of General Dynamics Co. (NYSE:GD) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,007 shares of the aerospace company’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Armstrong Advisory Group Inc. raised its stake in General Dynamics by 4.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company’s stock valued at $277,000 after purchasing an additional 40 shares during the last quarter. Nabity Jensen Investment Management Inc raised its position in shares of General Dynamics by 7.9% during the fourth quarter. Nabity Jensen Investment Management Inc now owns 1,544 shares of the aerospace company’s stock valued at $407,000 after buying an additional 113 shares during the last quarter. S.E.E.D. Planning Group LLC lifted its stake in shares of General Dynamics by 10.6% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 4,626 shares of the aerospace company’s stock valued at $1,219,000 after buying an additional 445 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in General Dynamics by 61.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,719 shares of the aerospace company’s stock worth $2,561,000 after buying an additional 3,701 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in General Dynamics by 21.8% during the fourth quarter. Park Avenue Securities LLC now owns 10,372 shares of the aerospace company’s stock valued at $2,733,000 after acquiring an additional 1,853 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 0.3 %

Shares of GD opened at $265.89 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The company has a market cap of $73.11 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.38 and a beta of 0.61. The stock has a fifty day moving average price of $275.30 and a two-hundred day moving average price of $288.61. General Dynamics Co. has a 52-week low of $247.36 and a 52-week high of $316.90.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $11.65 billion. During the same period in the prior year, the firm earned $3.04 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Analysts predict that General Dynamics Co. will post 13.81 EPS for the current fiscal year.

General Dynamics declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 4th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

General Dynamics Dividend Announcement

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

Insider Buying and Selling

In other news, VP Christopher J. Brady sold 5,540 shares of General Dynamics 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 sale, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GD has been the topic of several recent research reports. Robert W. Baird reissued a “neutral” rating and set a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased 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 note on Thursday, January 2nd. Citigroup raised their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Wolfe Research cut shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. Finally, Susquehanna dropped their price target on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, General Dynamics has a consensus rating of “Hold” and a consensus target price of $304.53.

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.