General Dynamics Co. (NYSE:GD) Shares Sold by Richwood Investment Advisors LLC

Richwood Investment Advisors LLC decreased its position in shares of General Dynamics Co. (NYSE:GD) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,273 shares of the aerospace company’s stock after selling 200 shares during the quarter. Richwood Investment Advisors LLC’s holdings in General Dynamics were worth $862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GD. Financial Life Planners acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in General Dynamics in the 4th quarter valued at $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in General Dynamics in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at $12,297,195.12. The trade was a 37.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction dated 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 directly owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This represents 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 owned by insiders.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. UBS Group dropped their price target on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. William Blair cut shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Vertical Research cut shares of General Dynamics from a “buy” rating to a “hold” rating and dropped their price target for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Finally, Wolfe Research cut shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Hold” and a consensus price target of $297.71.

General Dynamics Stock Down 0.9 %

NYSE GD opened at $263.30 on Friday. General Dynamics Co. has a 52 week low of $239.87 and a 52 week high of $316.90. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The business’s fifty day simple moving average is $258.50 and its 200-day simple moving average is $277.79. The firm has a market cap of $71.18 billion, a PE ratio of 19.30, a P/E/G ratio of 1.69 and a beta of 0.59.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. As a group, equities analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics declared that its Board of Directors has approved a share buyback program on Wednesday, December 4th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be issued a $1.50 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, April 11th. General Dynamics’s payout ratio is 43.99%.

General Dynamics Company 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.