General Dynamics Co. (NYSE:GD) Shares Sold by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. lowered its position in shares of General Dynamics Co. (NYSE:GD) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,058 shares of the aerospace company’s stock after selling 77 shares during the quarter. Ifrah Financial Services Inc.’s holdings in General Dynamics were worth $806,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GD. MFA Wealth Advisors LLC boosted its position in 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 during the period. Financial Life Planners bought a new position in General Dynamics in the 4th quarter worth approximately $25,000. Hara Capital LLC acquired a new stake in shares of General Dynamics during the 3rd quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in General Dynamics in the 4th quarter valued at $28,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 1.7 %

NYSE:GD opened at $241.98 on Monday. The firm has a 50 day moving average of $261.96 and a 200 day moving average of $284.09. The stock has a market capitalization of $66.54 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 1.61 and a beta of 0.61. General Dynamics Co. has a 52 week low of $239.87 and a 52 week high of $316.90. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. As a group, sell-side analysts anticipate that General Dynamics Co. will post 14.84 earnings per share for the current fiscal year.

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

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 41.64%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the business’s 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 in the company, valued at $5,701,349.36. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was 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 $2,857,224. This represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

GD has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on 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. Royal Bank of Canada reduced their price objective on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating for the company in a research report on Thursday, January 30th. UBS Group reduced their price objective on General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. The Goldman Sachs Group reduced their price target on General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research report on Tuesday, January 28th. Finally, Susquehanna dropped their price objective on General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics has an average rating of “Hold” and a consensus price target of $298.59.

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.