General Dynamics Co. (NYSE:GD) Shares Bought by Processus Wealth & Capital Management LLC

Processus Wealth & Capital Management LLC raised its position in General Dynamics Co. (NYSE:GD) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,627 shares of the aerospace company’s stock after purchasing an additional 56 shares during the quarter. General Dynamics comprises approximately 1.4% of Processus Wealth & Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding. Processus Wealth & Capital Management LLC’s holdings in General Dynamics were worth $1,746,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GD. State Street Corp boosted its holdings in shares of General Dynamics by 9.4% in the third quarter. State Street Corp now owns 10,945,110 shares of the aerospace company’s stock valued at $3,307,612,000 after acquiring an additional 943,247 shares in the last quarter. Geode Capital Management LLC boosted its holdings in General Dynamics by 13.0% during 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 buying an additional 638,342 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in General Dynamics by 117.0% during the third quarter. Two Sigma Advisers LP now owns 858,600 shares of the aerospace company’s stock worth $259,469,000 after buying an additional 463,000 shares in the last quarter. Barclays PLC boosted its holdings in General Dynamics by 43.1% during the third quarter. Barclays PLC now owns 942,485 shares of the aerospace company’s stock worth $284,818,000 after buying an additional 283,972 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in General Dynamics by 2.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,829,662 shares of the aerospace company’s stock worth $2,366,124,000 after buying an additional 189,904 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GD shares. 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 research note on Thursday, January 30th. Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 target price (down previously from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. UBS Group cut their price target on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. 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. Finally, Citigroup lowered their target price on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $298.59.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the company’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 sale, the director now 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 SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $246.24 on Tuesday. General Dynamics Co. has a twelve month low of $239.87 and a twelve month high of $316.90. The firm has a market cap of $66.57 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 1.69 and a beta of 0.61. The firm’s 50-day simple moving average is $259.28 and its 200-day simple moving average is $282.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (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%. As a group, research analysts expect that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were given a $1.42 dividend. The ex-dividend date was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a yield of 2.31%. General Dynamics’s payout ratio is 41.64%.

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