General Dynamics Co. (NYSE:GD) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its position in General Dynamics Co. (NYSE:GD) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,526 shares of the aerospace company’s stock after purchasing an additional 192 shares during the period. Kingsview Wealth Management LLC’s holdings in General Dynamics were worth $2,510,000 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. Mezzasalma Advisors LLC boosted its stake in shares of General Dynamics by 44.4% during the 4th quarter. Mezzasalma Advisors LLC now owns 2,313 shares of the aerospace company’s stock worth $609,000 after acquiring an additional 711 shares in the last quarter. Vest Financial LLC raised its holdings in General Dynamics by 10.0% in the 4th quarter. Vest Financial LLC now owns 189,006 shares of the aerospace company’s stock worth $49,801,000 after purchasing an additional 17,115 shares during the period. Conning Inc. boosted its position in General Dynamics by 5.4% during the fourth quarter. Conning Inc. now owns 132,922 shares of the aerospace company’s stock worth $35,024,000 after purchasing an additional 6,848 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of General Dynamics in the fourth quarter valued at approximately $60,000. Finally, FFG Partners LLC raised its stake in shares of General Dynamics by 2.4% during the 4th quarter. FFG Partners LLC now owns 20,348 shares of the aerospace company’s stock worth $5,362,000 after buying an additional 473 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Dynamics

In other news, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the sale, the director now owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were 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 owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GD. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. Sanford C. Bernstein lowered their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Vertical Research downgraded General Dynamics from a “buy” rating to a “hold” rating and reduced their price objective for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Jefferies Financial Group reaffirmed a “hold” rating and set a $300.00 target price (down previously from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Finally, Wells Fargo & Company reduced their target price on shares of General Dynamics from $279.00 to $276.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, General Dynamics currently has a consensus rating of “Hold” and a consensus target price of $300.06.

General Dynamics Stock Down 0.3 %

Shares of GD opened at $254.84 on Monday. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a market cap of $70.07 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.61 and a beta of 0.61. The company’s 50-day moving average price is $264.47 and its 200 day moving average price is $285.56. General Dynamics Co. has a 12-month low of $247.01 and a 12-month high of $316.90.

General Dynamics (NYSE:GD) last issued its quarterly earnings data 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 return on equity of 17.10% and a net margin of 7.93%. On average, sell-side analysts forecast that General Dynamics Co. will post 14.84 earnings per share for the current year.

General Dynamics announced that its board has initiated a share repurchase plan on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, January 17th. General Dynamics’s payout ratio is 41.64%.

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.