Integrated Investment Consultants LLC Buys 48 Shares of General Dynamics Co. (NYSE:GD)

Integrated Investment Consultants LLC lifted its stake in General Dynamics Co. (NYSE:GD) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 762 shares of the aerospace company’s stock after acquiring an additional 48 shares during the quarter. Integrated Investment Consultants LLC’s holdings in General Dynamics were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in GD. MFA Wealth Advisors LLC lifted its holdings in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares during the period. Hara Capital LLC purchased a new stake in shares of General Dynamics during the 3rd quarter valued at about $26,000. Lowe Wealth Advisors LLC bought a new position in shares of General Dynamics in the 3rd quarter worth approximately $30,000. True Wealth Design LLC purchased a new position in shares of General Dynamics in the third quarter worth approximately $34,000. Finally, Coston McIsaac & Partners grew its position in General Dynamics by 22.8% during the third quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock valued at $53,000 after buying an additional 33 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 of the company’s stock, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the topic of several recent research reports. Sanford C. Bernstein decreased their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird reaffirmed a “neutral” rating and issued a $283.00 target price (down from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Susquehanna cut their price target on General Dynamics from $330.00 to $315.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $300.00 price objective (down previously from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Finally, Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Hold” and an average target price of $304.53.

General Dynamics Price Performance

NYSE:GD opened at $266.86 on Friday. The business’s 50-day moving average is $272.86 and its 200 day moving average is $288.17. General Dynamics Co. has a 12 month low of $247.36 and a 12 month high of $316.90. The company has a market capitalization of $73.38 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.38 and a beta of 0.61. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter in the prior year, the company posted $3.04 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts forecast that General Dynamics Co. will post 13.81 earnings per share for the current fiscal year.

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

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be issued a $1.42 dividend. The ex-dividend date is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.13%. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

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.