Glassy Mountain Advisors Inc. Has $5.51 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

Glassy Mountain Advisors Inc. lifted its holdings in General Dynamics Co. (NYSE:GD) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,919 shares of the aerospace company’s stock after purchasing an additional 409 shares during the quarter. General Dynamics comprises 1.9% of Glassy Mountain Advisors Inc.’s holdings, making the stock its 22nd biggest position. Glassy Mountain Advisors Inc.’s holdings in General Dynamics were worth $5,512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. MFA Wealth Advisors LLC lifted its stake in General Dynamics by 241.7% in the 3rd 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 bought a new stake in shares of General Dynamics during the 4th quarter worth approximately $25,000. Hara Capital LLC bought a new stake in shares of General Dynamics during the 3rd quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Dynamics during the 4th quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of General Dynamics during the 4th quarter worth approximately $28,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Down 1.2 %

Shares of NYSE GD opened at $255.41 on Friday. 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 Co. has a 52 week low of $247.01 and a 52 week high of $316.90. The stock has a market capitalization of $70.23 billion, a P/E ratio of 18.72, a PEG ratio of 1.46 and a beta of 0.61. The stock’s fifty day moving average is $265.60 and its 200 day moving average is $286.09.

General Dynamics (NYSE:GD) last released 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%. Sell-side analysts forecast that General Dynamics Co. will post 14.88 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis 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%.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GD shares. Baird R W cut General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft dropped their price objective on General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. Seaport Res Ptn cut General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Barclays dropped their price objective on General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada dropped their price target on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Hold” and an average target price of $300.06.

Insider Buying and Selling at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 20,296 shares in the company, valued at approximately $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. Company insiders own 1.60% of the company’s stock.

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.