Mutual Advisors LLC Buys 574 Shares of General Dynamics Co. (NYSE:GD)

Mutual Advisors LLC lifted its stake in General Dynamics Co. (NYSE:GD) by 6.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,638 shares of the aerospace company’s stock after buying an additional 574 shares during the quarter. Mutual Advisors LLC’s holdings in General Dynamics were worth $2,591,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GD. MFA Wealth Advisors LLC boosted its holdings in shares of General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the last quarter. Hara Capital LLC bought a new stake in shares of General Dynamics in the third quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of General Dynamics in the fourth quarter worth about $28,000. Lowe Wealth Advisors LLC bought a new position in General Dynamics during the third quarter valued at approximately $30,000. Finally, True Wealth Design LLC purchased a new position in General Dynamics during the 3rd quarter valued at approximately $34,000. Institutional investors own 86.14% of the company’s stock.

Insider Activity

In other news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wolfe Research downgraded General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Barclays dropped their price objective on shares of General Dynamics from $330.00 to $305.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group cut shares of General Dynamics from a “neutral” rating to a “sell” rating and decreased their target price for the company from $283.00 to $245.00 in a research report on Thursday, December 12th. Finally, Vertical Research lowered General Dynamics from a “buy” rating to a “hold” rating and dropped their price target for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $304.88.

General Dynamics Trading Down 0.3 %

GD stock opened at $268.07 on Friday. General Dynamics Co. has a 12 month low of $251.62 and a 12 month high of $316.90. The firm’s 50-day moving average is $270.19 and its 200 day moving average is $287.88. The company has a market capitalization of $73.71 billion, a PE ratio of 20.42, a P/E/G ratio of 1.44 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.04 EPS. On average, research analysts anticipate that General Dynamics Co. will post 13.71 EPS for the current year.

General Dynamics announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 4th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s payout ratio is 43.26%.

General Dynamics Company 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.