General Dynamics Co. (NYSE:GD) Shares Acquired by Jacobi Capital Management LLC

Jacobi Capital Management LLC grew its position in General Dynamics Co. (NYSE:GD) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,589 shares of the aerospace company’s stock after acquiring an additional 122 shares during the period. Jacobi Capital Management LLC’s holdings in General Dynamics were worth $2,000,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GD. Metis Global Partners LLC raised its position in shares of General Dynamics by 4.9% during the 4th quarter. Metis Global Partners LLC now owns 8,321 shares of the aerospace company’s stock worth $2,193,000 after purchasing an additional 391 shares during the last quarter. Providence First Trust Co acquired a new position in shares of General Dynamics during the 4th quarter worth about $1,149,000. Fisher Asset Management LLC raised its position in shares of General Dynamics by 23.2% during the 4th quarter. Fisher Asset Management LLC now owns 3,368 shares of the aerospace company’s stock worth $888,000 after purchasing an additional 634 shares during the last quarter. Maripau Wealth Management LLC acquired a new position in shares of General Dynamics during the 4th quarter worth about $203,000. Finally, SVB Wealth LLC acquired a new position in shares of General Dynamics during the 4th quarter worth about $336,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the firm’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 value of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares of the company’s stock, valued at $2,857,224. This trade represents a 13.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on GD shares. Vertical Research downgraded shares of General Dynamics from a “buy” rating to a “hold” rating and cut their price objective for the company from $352.00 to $290.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. TD Cowen cut their price objective on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. JPMorgan Chase & Co. cut their price objective on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Royal Bank of Canada cut their price objective on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating for the company in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $296.71.

General Dynamics Stock Performance

NYSE:GD opened at $252.87 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The stock has a market capitalization of $68.36 billion, a P/E ratio of 18.54, a PEG ratio of 1.69 and a beta of 0.61. The company has a 50 day moving average price of $258.31 and a 200 day moving average price of $281.09. General Dynamics Co. has a fifty-two week low of $239.87 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD) last posted 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 return on equity of 17.10% and a net margin of 7.93%. Equities research analysts forecast that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 4th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were given a $1.42 dividend. The ex-dividend date was Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.25%. General Dynamics’s dividend payout ratio is presently 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.