General Dynamics Co. (NYSE:GD) Shares Purchased by William Allan Corp

William Allan Corp increased its stake in shares of General Dynamics Co. (NYSE:GD) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,907 shares of the aerospace company’s stock after acquiring an additional 153 shares during the period. General Dynamics comprises 1.4% of William Allan Corp’s holdings, making the stock its 29th largest position. William Allan Corp’s holdings in General Dynamics were worth $2,347,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. MFA Wealth Advisors LLC lifted its position in shares of General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares in the last quarter. Financial Life Planners purchased a new position in General Dynamics during the fourth quarter worth approximately $25,000. Hara Capital LLC purchased a new position in General Dynamics during the third quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in General Dynamics during the fourth quarter worth $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in General Dynamics during the fourth quarter worth $28,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the 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 transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the transaction, the director now directly owns 11,175 shares of the company’s stock, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

General Dynamics Stock Down 1.2 %

Shares of NYSE GD opened at $255.41 on Friday. The stock has a market cap of $70.23 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 1.46 and a beta of 0.61. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 52-week low of $247.01 and a 52-week high of $316.90. The business has a 50-day moving average price of $265.60 and a 200 day moving average price of $286.09.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. Equities research analysts forecast that General Dynamics Co. will post 14.88 earnings per share for the current year.

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

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio is presently 41.64%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays cut their target price on General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Tuesday. Royal Bank of Canada cut their target price on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating for the company in a research note on Thursday, January 30th. Robert W. Baird reissued a “neutral” rating and set a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. Seaport Res Ptn cut General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Susquehanna dropped their price objective on General Dynamics from $315.00 to $300.00 and set a “positive” rating for the company in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $300.06.

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.