General Dynamics Co. (NYSE:GD) Shares Bought by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. raised its position in General Dynamics Co. (NYSE:GD) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 31,670 shares of the aerospace company’s stock after acquiring an additional 1,388 shares during the quarter. General Dynamics comprises approximately 0.7% of Weatherly Asset Management L. P.’s holdings, making the stock its 27th largest position. Weatherly Asset Management L. P.’s holdings in General Dynamics were worth $8,345,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GD. Axecap Investments LLC grew its position in shares of General Dynamics by 9.5% during the fourth quarter. Axecap Investments LLC now owns 11,853 shares of the aerospace company’s stock worth $3,123,000 after buying an additional 1,028 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of General Dynamics in the 4th quarter valued at approximately $4,119,000. Arlington Trust Co LLC acquired a new stake in shares of General Dynamics in the 4th quarter valued at $80,000. Arlington Partners LLC grew its stake in shares of General Dynamics by 7.6% during the fourth quarter. Arlington Partners LLC now owns 15,256 shares of the aerospace company’s stock worth $4,020,000 after purchasing an additional 1,083 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its holdings in General Dynamics by 6.2% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 14,818 shares of the aerospace company’s stock valued at $3,904,000 after buying an additional 869 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction 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 transaction, the director now directly owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Baird R W cut General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Susquehanna dropped their price target on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a research note on Thursday, January 30th. Sanford C. Bernstein reduced their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada cut 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 research note on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, General Dynamics has an average rating of “Hold” and a consensus target price of $298.59.

General Dynamics Trading Up 0.5 %

Shares of GD stock opened at $256.17 on Tuesday. The business’s 50 day moving average is $264.47 and its two-hundred day moving average is $285.57. General Dynamics Co. has a twelve month low of $247.01 and a twelve month high of $316.90. The company has a market capitalization of $70.44 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 1.61 and a beta of 0.61. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. Equities analysts forecast that General Dynamics Co. will post 14.84 EPS for the current year.

General Dynamics declared that its board has authorized a share buyback program on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.22%. General Dynamics’s dividend payout ratio is currently 41.64%.

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.