Community Bank N.A. Has $1.47 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

Community Bank N.A. grew its holdings in General Dynamics Co. (NYSE:GD) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,561 shares of the aerospace company’s stock after purchasing an additional 100 shares during the quarter. Community Bank N.A.’s holdings in General Dynamics were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners acquired a new position in General Dynamics during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC acquired a new position in General Dynamics during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Dynamics during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in General Dynamics during the 4th quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC acquired a new position in General Dynamics during the 4th quarter worth approximately $28,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the firm’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 $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the sale, the senior vice president now owns 45,192 shares in the company, valued at $12,297,195.12. The trade was a 37.88 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays lowered their price objective on General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. BTIG Research downgraded General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 13th. Vertical Research downgraded General Dynamics from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $352.00 to $290.00 in a research note on Monday, January 6th. Finally, William Blair lowered General Dynamics from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. One investment 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’s stock. Based on data from MarketBeat, General Dynamics has a consensus rating of “Hold” and a consensus target price of $297.71.

General Dynamics Price Performance

General Dynamics stock opened at $263.30 on Friday. General Dynamics Co. has a one year low of $239.87 and a one year high of $316.90. The business has a fifty day moving average price of $258.50 and a 200-day moving average price of $277.79. 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 firm has a market capitalization of $71.18 billion, a P/E ratio of 19.30, a PEG ratio of 1.69 and a beta of 0.59.

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 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%. As a group, equities research analysts forecast that General Dynamics Co. will post 14.83 EPS for the current year.

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

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Friday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio (DPR) is 43.99%.

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.