Thompson Investment Management Inc. Sells 300 Shares of General Dynamics Co. (NYSE:GD)

Thompson Investment Management Inc. decreased its holdings in shares of General Dynamics Co. (NYSE:GD) by 33.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 590 shares of the aerospace company’s stock after selling 300 shares during the quarter. Thompson Investment Management Inc.’s holdings in General Dynamics were worth $155,000 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 the business. Coston McIsaac & Partners boosted its position in General Dynamics by 22.8% in the 3rd 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. Global X Japan Co. Ltd. increased its position in General Dynamics by 2.3% during the 3rd quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock valued at $448,000 after purchasing an additional 33 shares during the period. Grove Bank & Trust raised its holdings in shares of General Dynamics by 10.6% in the 3rd quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock valued at $107,000 after purchasing an additional 34 shares in the last quarter. Trueblood Wealth Management LLC boosted its stake in shares of General Dynamics by 1.6% during the third quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock valued at $672,000 after purchasing an additional 34 shares in the last quarter. Finally, Jeppson Wealth Management LLC increased its holdings in General Dynamics by 3.8% during the third quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock valued at $289,000 after buying an additional 35 shares during the period. 86.14% of the stock is owned by institutional investors.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now directly owns 11,175 shares in the company, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction on 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 owns 20,296 shares in the company, valued at $5,701,349.36. The trade was a 21.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

GD has been the topic of several recent research reports. Robert W. Baird reaffirmed a “neutral” rating and set a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Sanford C. Bernstein dropped their price objective on 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. TD Cowen reduced their target price on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Royal Bank of Canada lowered their price target on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. Finally, Jefferies Financial Group restated a “hold” rating and set a $300.00 target price (down from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and an average price target of $300.06.

General Dynamics Stock Down 0.3 %

General Dynamics stock opened at $254.84 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The firm has a market cap of $70.07 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.61 and a beta of 0.61. The business’s 50-day moving average price is $264.47 and its 200 day moving average price is $285.56. General Dynamics Co. has a 52 week low of $247.01 and a 52 week high of $316.90.

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 net margin of 7.93% and a return on equity of 17.10%. As a group, sell-side analysts anticipate that General Dynamics Co. will post 14.84 earnings per share for the current year.

General Dynamics announced that its board has approved a stock repurchase 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. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 41.64%.

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.