General Dynamics Co. (NYSE:GD) Shares Sold by Brady Family Wealth LLC

Brady Family Wealth LLC cut its holdings in General Dynamics Co. (NYSE:GD) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 13,353 shares of the aerospace company’s stock after selling 181 shares during the period. Brady Family Wealth LLC’s holdings in General Dynamics were worth $3,518,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GD. Armstrong Advisory Group Inc. raised its stake in shares of General Dynamics by 4.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company’s stock worth $277,000 after purchasing an additional 40 shares during the last quarter. Nabity Jensen Investment Management Inc grew its position in General Dynamics by 7.9% in the 4th 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 increased its stake in General Dynamics by 10.6% in the 4th 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. raised its position in General Dynamics by 61.5% during the 4th 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 during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of General Dynamics by 21.8% in the 4th quarter. Park Avenue Securities LLC now owns 10,372 shares of the aerospace company’s stock worth $2,733,000 after acquiring an additional 1,853 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Robert W. Baird reiterated a “neutral” rating and set a $283.00 price target (down from $345.00) on shares of General Dynamics in a research note on Tuesday. Barclays cut their target price on General Dynamics from $330.00 to $305.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group cut General Dynamics from a “neutral” rating to a “sell” rating and reduced their price target for the company from $283.00 to $245.00 in a report on Thursday, December 12th. TD Cowen raised General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Baird R W downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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 General Dynamics stock in a transaction that occurred on Friday, November 22nd. The shares were 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. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

General Dynamics Stock Up 0.3 %

Shares of NYSE GD opened at $265.89 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The firm’s 50-day moving average is $275.30 and its two-hundred day moving average is $288.61. General Dynamics Co. has a 12-month low of $247.36 and a 12-month high of $316.90. The company has a market capitalization of $73.11 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. During the same quarter last year, the company posted $3.04 EPS. General Dynamics’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts anticipate that General Dynamics Co. will post 13.81 EPS for the current fiscal year.

General Dynamics Announces Dividend

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

General Dynamics announced that its Board of Directors has approved a share buyback plan on Wednesday, December 4th that allows the company to repurchase 10,000,000 shares. This repurchase authorization allows the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

About General Dynamics

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.