Everpar Advisors LLC Sells 102 Shares of General Dynamics Co. (NYSE:GD)

Everpar Advisors LLC trimmed its holdings in shares of General Dynamics Co. (NYSE:GD) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,843 shares of the aerospace company’s stock after selling 102 shares during the period. Everpar Advisors LLC’s holdings in General Dynamics were worth $486,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GD. Tompkins Financial Corp increased its stake in General Dynamics by 3.4% in the 4th quarter. Tompkins Financial Corp now owns 26,955 shares of the aerospace company’s stock worth $7,102,000 after purchasing an additional 884 shares during the period. Goldstone Financial Group LLC bought a new position in shares of General Dynamics in the fourth quarter worth approximately $208,000. Capital Planning LLC increased its stake in shares of General Dynamics by 9.8% in the fourth quarter. Capital Planning LLC now owns 1,538 shares of the aerospace company’s stock worth $405,000 after buying an additional 137 shares during the period. KMG Fiduciary Partners LLC raised its holdings in General Dynamics by 5.8% during the 4th quarter. KMG Fiduciary Partners LLC now owns 16,880 shares of the aerospace company’s stock valued at $4,448,000 after buying an additional 924 shares during the last quarter. Finally, Werlinich Asset Management LLC boosted its position in General Dynamics by 3.9% during the 4th quarter. Werlinich Asset Management LLC now owns 5,580 shares of the aerospace company’s stock valued at $1,470,000 after buying an additional 210 shares during the period. 86.14% of the stock is owned by institutional investors.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction dated 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 owns 20,296 shares in the company, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.52% of the stock is currently owned by insiders.

General Dynamics Stock Up 1.1 %

Shares of NYSE:GD opened at $268.97 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $274.45 and a two-hundred day simple moving average of $288.45. General Dynamics Co. has a 12-month low of $247.36 and a 12-month high of $316.90. The stock has a market capitalization of $73.96 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.38 and a beta of 0.61.

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 firm had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.04 EPS. On average, research analysts anticipate that General Dynamics Co. will post 13.81 earnings per share for the current fiscal year.

General Dynamics declared that its Board of Directors has authorized a share buyback plan on Wednesday, December 4th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a yield of 2.11%. General Dynamics’s payout ratio is currently 43.26%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group cut shares of General Dynamics from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $283.00 to $245.00 in a research report on Thursday, December 12th. Robert W. Baird reaffirmed a “neutral” rating and set a $283.00 price target (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada downgraded General Dynamics from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $330.00 to $290.00 in a report on Thursday, December 19th. Finally, Susquehanna cut their price target on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, General Dynamics has a consensus rating of “Hold” and a consensus price target of $304.53.

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.