Parkside Financial Bank & Trust Has $878,000 Holdings in General Dynamics Co. (NYSE:GD)

Parkside Financial Bank & Trust cut its holdings in shares of General Dynamics Co. (NYSE:GD) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,332 shares of the aerospace company’s stock after selling 53 shares during the period. Parkside Financial Bank & Trust’s holdings in General Dynamics were worth $878,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Jeppson Wealth Management LLC raised its stake in shares of General Dynamics by 3.8% in 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 during the period. Community Bank N.A. grew its holdings in shares of General Dynamics by 0.6% in the 3rd quarter. Community Bank N.A. now owns 5,461 shares of the aerospace company’s stock valued at $1,650,000 after acquiring an additional 35 shares in the last quarter. United Asset Strategies Inc. grew its holdings in shares of General Dynamics by 1.2% in the 3rd quarter. United Asset Strategies Inc. now owns 3,013 shares of the aerospace company’s stock valued at $911,000 after acquiring an additional 37 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of General Dynamics by 1.8% in the 3rd quarter. Forum Financial Management LP now owns 2,042 shares of the aerospace company’s stock valued at $617,000 after acquiring an additional 37 shares in the last quarter. Finally, Freedom Investment Management Inc. grew its holdings in shares of General Dynamics by 0.9% in the 3rd quarter. Freedom Investment Management Inc. now owns 4,344 shares of the aerospace company’s stock valued at $1,313,000 after acquiring an additional 37 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Activity

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 shares were 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 in the company, valued at $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 Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GD shares. UBS Group decreased their price objective on General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their price objective on General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Wolfe Research cut General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. Jefferies Financial Group reiterated a “hold” rating and set a $300.00 price target (down previously from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. Finally, William Blair cut General Dynamics from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $296.71.

General Dynamics Stock Up 0.9 %

NYSE GD opened at $251.53 on Friday. 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 Co. has a 1-year low of $239.87 and a 1-year high of $316.90. The company has a 50 day moving average of $258.53 and a 200-day moving average of $281.44. The company has a market cap of $68.00 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.69 and a beta of 0.61.

General Dynamics (NYSE:GD) last released its quarterly earnings results 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%. On average, equities research analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 4th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are 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 given a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.26%. General Dynamics’s payout ratio is 41.64%.

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.