General Dynamics Co. (NYSE:GD) Shares Acquired by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC lifted its position in General Dynamics Co. (NYSE:GD) by 30.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,109 shares of the aerospace company’s stock after purchasing an additional 262 shares during the period. Mayflower Financial Advisors LLC’s holdings in General Dynamics were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in GD. MFA Wealth Advisors LLC boosted its stake 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 worth $25,000 after acquiring an additional 58 shares in the last quarter. Hara Capital LLC purchased a new position in General Dynamics during the third quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in General Dynamics in the fourth quarter valued at approximately $28,000. Lowe Wealth Advisors LLC purchased a new stake in shares of General Dynamics in the third quarter valued at approximately $30,000. Finally, True Wealth Design LLC acquired a new position in shares of General Dynamics during the 3rd quarter worth approximately $34,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Down 4.2 %

Shares of NYSE GD opened at $251.52 on Thursday. General Dynamics Co. has a 1 year low of $247.01 and a 1 year high of $316.90. The company has a market capitalization of $69.16 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.43 and a beta of 0.61. The company has a 50 day simple moving average of $268.57 and a 200-day simple moving average of $287.48. 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 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 return on equity of 16.59% and a net margin of 7.90%. On average, equities research analysts predict that General Dynamics Co. will post 13.66 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.26%. The ex-dividend date is Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

General Dynamics declared that its board has authorized a stock repurchase plan on Wednesday, December 4th that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have weighed in on GD. Vertical Research cut shares of General Dynamics from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. Barclays decreased their price target on shares of General Dynamics from $330.00 to $305.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company cut their price objective on General Dynamics from $295.00 to $279.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Baird R W downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Wolfe Research cut General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $303.71.

Insider Buying and Selling at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction 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 $5,701,349.36. This trade represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.52% of the company’s stock.

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.