Schnieders Capital Management LLC Increases Stock Position in General Dynamics Co. (NYSE:GD)

Schnieders Capital Management LLC increased its position in General Dynamics Co. (NYSE:GD) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,042 shares of the aerospace company’s stock after purchasing an additional 50 shares during the quarter. Schnieders Capital Management LLC’s holdings in General Dynamics were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GD. Financial Life Planners purchased a new position in shares of General Dynamics in the fourth quarter valued at $25,000. Hara Capital LLC purchased a new position in shares of General Dynamics in the third quarter valued at $26,000. Whipplewood Advisors LLC purchased a new position in shares of General Dynamics in the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of General Dynamics in the fourth quarter valued at $28,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of General Dynamics in the fourth quarter valued at $28,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays decreased their target price on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Citigroup cut their price target on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating on the stock in a report on Monday, February 10th. UBS Group cut their price target on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. BTIG Research cut shares of General Dynamics from a “buy” rating to a “neutral” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company cut their price target on shares of General Dynamics from $276.00 to $244.00 and set an “equal weight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Hold” and a consensus target price of $296.71.

General Dynamics Stock Down 0.4 %

GD stock opened at $248.92 on Thursday. 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 Co. has a fifty-two week low of $239.87 and a fifty-two week high of $316.90. The firm’s 50-day simple moving average is $258.71 and its 200 day simple moving average is $281.65. The stock has a market cap of $67.30 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.69 and a beta of 0.61.

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 predict that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were issued a $1.42 dividend. The ex-dividend date was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.28%. General Dynamics’s dividend payout ratio (DPR) is presently 41.64%.

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

Insider Buying and Selling

In related 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 value of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares in the company, valued at $2,857,224. This represents a 13.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.