General Dynamics Co. (NYSE:GD) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its holdings in General Dynamics Co. (NYSE:GD) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,961 shares of the aerospace company’s stock after purchasing an additional 2,077 shares during the quarter. D.A. Davidson & CO.’s holdings in General Dynamics were worth $19,752,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. MFA Wealth Advisors LLC raised its stake in General Dynamics by 241.7% during the 3rd 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 last quarter. Hara Capital LLC acquired a new position in shares of General Dynamics in the third quarter valued at approximately $26,000. Financial Life Planners purchased a new stake in shares of General Dynamics during the fourth quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new stake in shares of General Dynamics during the fourth quarter worth $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in General Dynamics in the 4th quarter valued at $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wolfe Research downgraded shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. TD Cowen lowered their price objective on General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Citigroup cut their target price on General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Vertical Research downgraded General Dynamics from a “buy” rating to a “hold” rating and decreased their price target for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Finally, Royal Bank of Canada cut their price objective on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating for the company in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and a consensus target price of $298.59.

General Dynamics Trading Down 1.7 %

Shares of GD stock opened at $241.98 on Tuesday. General Dynamics Co. has a twelve month low of $239.87 and a twelve month high of $316.90. The company has a market capitalization of $66.54 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 1.61 and a beta of 0.61. The firm has a 50-day moving average price of $261.96 and a 200 day moving average price of $284.09. 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 announced its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Research analysts forecast that General Dynamics Co. will post 14.84 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were paid a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.35%. General Dynamics’s payout ratio is currently 41.64%.

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

Insider Buying and Selling

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of General Dynamics 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 transaction, the vice president now owns 20,296 shares in the company, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Laura J. Schumacher sold 1,796 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now 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 disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

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.