Key Client Fiduciary Advisors LLC Sells 48 Shares of General Dynamics Co. (NYSE:GD)

Key Client Fiduciary Advisors LLC cut its position in shares of General Dynamics Co. (NYSE:GD) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 762 shares of the aerospace company’s stock after selling 48 shares during the period. Key Client Fiduciary Advisors LLC’s holdings in General Dynamics were worth $201,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Insigneo Advisory Services LLC increased its position in General Dynamics by 2.9% in the second quarter. Insigneo Advisory Services LLC now owns 2,914 shares of the aerospace company’s stock worth $833,000 after purchasing an additional 83 shares during the last quarter. Fred Alger Management LLC increased its holdings in shares of General Dynamics by 8.9% in the 2nd quarter. Fred Alger Management LLC now owns 8,351 shares of the aerospace company’s stock worth $2,423,000 after buying an additional 679 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of General Dynamics by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,071,803 shares of the aerospace company’s stock valued at $601,756,000 after buying an additional 47,915 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new position in shares of General Dynamics in the 2nd quarter valued at about $900,000. Finally, Daymark Wealth Partners LLC grew its position in General Dynamics by 2.1% in the second quarter. Daymark Wealth Partners LLC now owns 8,924 shares of the aerospace company’s stock worth $2,589,000 after acquiring an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GD shares. The Goldman Sachs Group downgraded 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. Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Robert W. Baird reiterated a “neutral” rating and set a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Wolfe Research lowered shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company cut their price target on shares of General Dynamics from $295.00 to $279.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, General Dynamics has an average rating of “Hold” and a consensus target price of $304.88.

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 dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the transaction, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.52% of the company’s stock.

General Dynamics Stock Performance

GD stock opened at $268.07 on Friday. General Dynamics Co. has a 1-year low of $251.62 and a 1-year high of $316.90. The business has a 50-day moving average price of $270.19 and a 200 day moving average price of $287.88. The company has a market capitalization of $73.71 billion, a P/E ratio of 20.42, a PEG ratio of 1.44 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter in the prior year, the firm posted $3.04 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities research analysts forecast that General Dynamics Co. will post 13.71 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be issued a dividend of $1.42 per share. The ex-dividend date is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a yield of 2.12%. General Dynamics’s dividend payout ratio is currently 43.26%.

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

About General Dynamics

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.