Rise Advisors LLC Decreases Stock Position in General Dynamics Co. (NYSE:GD)

Rise Advisors LLC reduced its position in General Dynamics Co. (NYSE:GD) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 576 shares of the aerospace company’s stock after selling 51 shares during the quarter. Rise Advisors LLC’s holdings in General Dynamics were worth $152,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc raised its position in General Dynamics by 4.6% during the 2nd quarter. TD Asset Management Inc now owns 84,907 shares of the aerospace company’s stock valued at $24,635,000 after purchasing an additional 3,769 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of General Dynamics during the second quarter valued at about $182,000. Chris Bulman Inc bought a new stake in shares of General Dynamics in the 2nd quarter valued at about $66,000. Acadian Asset Management LLC grew its position in shares of General Dynamics by 239.7% in the 2nd quarter. Acadian Asset Management LLC now owns 8,075 shares of the aerospace company’s stock worth $2,341,000 after buying an additional 5,698 shares during the last quarter. Finally, Caprock Group LLC raised its stake in shares of General Dynamics by 41.9% during the 2nd quarter. Caprock Group LLC now owns 8,500 shares of the aerospace company’s stock worth $2,466,000 after acquiring an additional 2,511 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE:GD traded up $2.56 during trading on Tuesday, reaching $260.55. The company had a trading volume of 553,376 shares, compared to its average volume of 1,367,662. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The firm has a market capitalization of $71.64 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.62 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $247.36 and a fifty-two week high of $316.90. The stock’s fifty day moving average price is $279.46 and its 200 day moving average price is $290.01.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.04 EPS. As a group, equities research analysts predict that General Dynamics Co. will post 13.84 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio is presently 43.26%.

General Dynamics declared that its Board of Directors 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. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Susquehanna lifted their price target on shares of General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Vertical Research cut General Dynamics from a “buy” rating to a “hold” rating and decreased their price target for the company from $352.00 to $290.00 in a research note on Monday. Jefferies Financial Group restated a “hold” rating and set a $300.00 price target (down previously from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $311.29.

Insiders Place Their Bets

In other General Dynamics news, 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 transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.52% of the company’s stock.

General Dynamics 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.