General Dynamics Co. (NYSE:GD) Position Boosted by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. raised its holdings in shares of General Dynamics Co. (NYSE:GD) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,416 shares of the aerospace company’s stock after acquiring an additional 588 shares during the period. Jamison Private Wealth Management Inc.’s holdings in General Dynamics were worth $2,218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in shares of General Dynamics by 40,389.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company’s stock worth $416,876,000 after acquiring an additional 1,376,065 shares during the period. State Street Corp raised its holdings in General Dynamics by 9.4% during the third quarter. State Street Corp now owns 10,945,110 shares of the aerospace company’s stock worth $3,307,612,000 after purchasing an additional 943,247 shares in the last quarter. Geode Capital Management LLC lifted its position in General Dynamics by 13.0% in the third quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company’s stock worth $1,674,998,000 after purchasing an additional 638,342 shares during the period. Two Sigma Advisers LP boosted its stake in General Dynamics by 117.0% during the 3rd quarter. Two Sigma Advisers LP now owns 858,600 shares of the aerospace company’s stock valued at $259,469,000 after purchasing an additional 463,000 shares in the last quarter. Finally, Barclays PLC increased its position in shares of General Dynamics by 43.1% during the 3rd quarter. Barclays PLC now owns 942,485 shares of the aerospace company’s stock valued at $284,818,000 after purchasing an additional 283,972 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Baird R W cut General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Vertical Research downgraded shares of General Dynamics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $352.00 to $290.00 in a report on Monday, January 6th. Wells Fargo & Company decreased their price target on shares of General Dynamics from $295.00 to $279.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group downgraded General Dynamics from a “neutral” rating to a “sell” rating and cut their price objective for the company from $283.00 to $245.00 in a research report on Thursday, December 12th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $300.00 target price (down from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $304.88.

Insider Activity

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

General Dynamics Trading Down 0.9 %

Shares of NYSE:GD opened at $266.22 on Friday. General Dynamics Co. has a 12-month low of $257.26 and a 12-month high of $316.90. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $73.20 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.43 and a beta of 0.61. The firm has a fifty day moving average of $269.27 and a two-hundred day moving average of $287.64.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). The firm had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.04 EPS. On average, equities analysts expect that General Dynamics Co. will post 13.66 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.13%. General Dynamics’s dividend payout ratio (DPR) is 43.26%.

General Dynamics declared that its board has initiated a share repurchase plan on Wednesday, December 4th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is 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.