Nicholson Wealth Management Group LLC Sells 200 Shares of General Dynamics Co. (NYSE:GD)

Nicholson Wealth Management Group LLC reduced its holdings in shares of General Dynamics Co. (NYSE:GD) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,444 shares of the aerospace company’s stock after selling 200 shares during the period. General Dynamics comprises 1.1% of Nicholson Wealth Management Group LLC’s portfolio, making the stock its 19th biggest position. Nicholson Wealth Management Group LLC’s holdings in General Dynamics were worth $1,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GD. Trueblood Wealth Management LLC raised its position in General Dynamics by 1.6% during the 3rd 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. Jeppson Wealth Management LLC raised its position in General Dynamics by 3.8% during the 3rd quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock valued at $289,000 after purchasing an additional 35 shares in the last quarter. Community Bank N.A. raised its position in General Dynamics by 0.6% during the 3rd quarter. Community Bank N.A. now owns 5,461 shares of the aerospace company’s stock valued at $1,650,000 after purchasing an additional 35 shares in the last quarter. United Asset Strategies Inc. raised its position in General Dynamics by 1.2% during the 3rd quarter. United Asset Strategies Inc. now owns 3,013 shares of the aerospace company’s stock valued at $911,000 after purchasing an additional 37 shares in the last quarter. Finally, Forum Financial Management LP raised its position in General Dynamics by 1.8% during the 3rd quarter. Forum Financial Management LP now owns 2,042 shares of the aerospace company’s stock valued at $617,000 after purchasing an additional 37 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Up 0.8 %

Shares of GD stock opened at $246.25 on Friday. General Dynamics Co. has a 1-year low of $239.87 and a 1-year high of $316.90. The stock’s fifty day moving average price is $260.08 and its 200 day moving average price is $282.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The company has a market cap of $66.58 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, research analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were paid a dividend of $1.42 per share. The ex-dividend date was Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.31%. General Dynamics’s payout ratio is presently 41.64%.

General Dynamics announced that its board has authorized a stock 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 reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

GD has been the subject of a number of research analyst reports. Sanford C. Bernstein decreased their target price on 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. TD Cowen decreased their target price on General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. The Goldman Sachs Group decreased their target price on General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research report on Tuesday, January 28th. Robert W. Baird reiterated a “neutral” rating and issued a $283.00 price target (down from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Finally, Susquehanna cut their price target on General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, General Dynamics presently has a consensus rating of “Hold” and a consensus target price of $298.59.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the sale, the director now 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.52% of the company’s stock.

General Dynamics 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.