Financial Perspectives Inc boosted its stake in General Dynamics Co. (NYSE:GD – Free Report) by 195.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 118 shares of the aerospace company’s stock after buying an additional 78 shares during the quarter. Financial Perspectives Inc’s holdings in General Dynamics were worth $31,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. MFA Wealth Advisors LLC boosted its holdings in General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 58 shares during the last quarter. Financial Life Planners bought a new position in shares of General Dynamics during the 4th quarter worth approximately $25,000. Hara Capital LLC purchased a new position in shares of General Dynamics in the 3rd quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of General Dynamics in the fourth quarter valued at approximately $28,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of General Dynamics during the fourth quarter valued at approximately $28,000. 86.14% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on GD shares. Robert W. Baird reissued a “neutral” rating and issued a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Royal Bank of Canada decreased their price objective on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating for the company in a report on Thursday, January 30th. Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 target price (down from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Finally, Citigroup decreased their price target on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, General Dynamics currently has an average rating of “Hold” and an average target price of $298.59.
Insider Activity
In other news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction on Friday, November 22nd. The shares were 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 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 SEC, which is accessible through this link. Also, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction 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 in the company, valued at approximately $2,857,224. This represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.
General Dynamics Trading Up 0.6 %
Shares of General Dynamics stock opened at $243.95 on Thursday. The company’s 50-day moving average price is $260.41 and its 200-day moving average price is $283.10. The company has a market cap of $65.95 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.67 and a beta of 0.61. General Dynamics Co. has a 12-month low of $239.87 and a 12-month high of $316.90. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.
General Dynamics (NYSE:GD – Get Free Report) last announced 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, equities analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.
General Dynamics Dividend Announcement
The firm 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 of this dividend was Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.33%. General Dynamics’s payout ratio is currently 41.64%.
General Dynamics declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 4th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors 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.
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