TKG Advisors LLC Sells 68 Shares of General Dynamics Co. (NYSE:GD)

TKG Advisors LLC reduced its holdings in shares of General Dynamics Co. (NYSE:GD) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,842 shares of the aerospace company’s stock after selling 68 shares during the quarter. TKG Advisors LLC’s holdings in General Dynamics were worth $2,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of GD. MFA Wealth Advisors LLC raised its position in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 58 shares during the period. Hara Capital LLC bought a new position in General Dynamics in the 3rd quarter worth $26,000. Financial Life Planners purchased a new stake in General Dynamics in the fourth quarter worth about $25,000. Heck Capital Advisors LLC purchased a new position in shares of General Dynamics during the 4th quarter valued at about $28,000. Finally, Sugar Maple Asset Management LLC bought a new stake in General Dynamics during the 4th quarter worth approximately $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the transaction, the director now directly owns 11,175 shares in the company, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $1,556,241.40. Following the sale, the vice president now directly owns 20,296 shares in the company, valued at $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GD has been the topic of several recent analyst reports. Sanford C. Bernstein decreased their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Vertical Research cut shares of General Dynamics from a “buy” rating to a “hold” rating and cut their target price for the company from $352.00 to $290.00 in a research note on Monday, January 6th. UBS Group reduced their price objective on General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. TD Cowen reduced their target price on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Finally, Robert W. Baird restated a “neutral” rating and set a $283.00 price target (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, General Dynamics presently has an average rating of “Hold” and a consensus price target of $298.59.

General Dynamics Stock Performance

Shares of GD stock opened at $242.46 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The firm has a market cap of $65.55 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.67 and a beta of 0.61. The company’s 50 day moving average is $260.84 and its 200 day moving average is $283.37. General Dynamics Co. has a 52-week low of $239.87 and a 52-week high of $316.90.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics announced that its board has approved a stock repurchase program on Wednesday, December 4th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Friday, January 17th. General Dynamics’s payout ratio is 41.64%.

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.