General Dynamics Co. (NYSE:GD) Holdings Lifted by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its holdings in General Dynamics Co. (NYSE:GD) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,858 shares of the aerospace company’s stock after acquiring an additional 50 shares during the period. Bleakley Financial Group LLC’s holdings in General Dynamics were worth $1,807,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. NovaPoint Capital LLC lifted its position in shares of General Dynamics by 3.7% in the fourth quarter. NovaPoint Capital LLC now owns 13,832 shares of the aerospace company’s stock worth $3,644,000 after purchasing an additional 492 shares in the last quarter. Trilogy Capital Inc. increased its stake in General Dynamics by 3.0% in the 4th quarter. Trilogy Capital Inc. now owns 11,036 shares of the aerospace company’s stock valued at $2,908,000 after buying an additional 320 shares during the period. Tyche Wealth Partners LLC lifted its position in General Dynamics by 57.6% in the 4th quarter. Tyche Wealth Partners LLC now owns 2,225 shares of the aerospace company’s stock worth $586,000 after buying an additional 813 shares in the last quarter. Money Concepts Capital Corp grew its holdings in shares of General Dynamics by 19.8% during the 4th quarter. Money Concepts Capital Corp now owns 10,503 shares of the aerospace company’s stock valued at $2,768,000 after acquiring an additional 1,739 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of General Dynamics by 96.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,648 shares of the aerospace company’s stock worth $9,219,000 after acquiring an additional 17,019 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. TD Cowen dropped their target price on General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. UBS Group cut their price objective on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. The Goldman Sachs Group decreased their target price on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research report on Tuesday, January 28th. Barclays cut their price target on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 price objective (down from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. One 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 given a strong buy rating to the company. Based on data from MarketBeat, General Dynamics currently has a consensus rating of “Hold” and an average price target of $300.06.

Insiders Place Their Bets

In other news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the sale, the director now directly owns 11,175 shares in the company, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction dated 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 $5,701,349.36. This trade represents a 21.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Stock Down 0.3 %

Shares of GD stock opened at $254.84 on Friday. The stock has a 50 day moving average of $265.06 and a 200-day moving average of $285.87. The firm has a market cap of $70.07 billion, a PE ratio of 18.68, 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 12 month low of $247.01 and a 12 month high of $316.90.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share 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%. On average, equities analysts predict that General Dynamics Co. will post 14.88 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were issued a $1.42 dividend. The ex-dividend date was Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.23%. General Dynamics’s dividend payout ratio (DPR) is 41.64%.

General Dynamics declared that its board has initiated a stock repurchase program on Wednesday, December 4th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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.