FSB Premier Wealth Management Inc. Buys 651 Shares of General Dynamics Co. (NYSE:GD)

FSB Premier Wealth Management Inc. increased its position in General Dynamics Co. (NYSE:GD) by 11.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,150 shares of the aerospace company’s stock after purchasing an additional 651 shares during the period. FSB Premier Wealth Management Inc.’s holdings in General Dynamics were worth $1,620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Community Bank N.A. increased its position in shares of General Dynamics by 0.6% during the third 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. Purus Wealth Management LLC increased its holdings in shares of General Dynamics by 1.5% in the 4th quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock worth $701,000 after purchasing an additional 39 shares in the last quarter. Armstrong Advisory Group Inc. raised its stake in shares of General Dynamics by 4.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company’s stock worth $277,000 after purchasing an additional 40 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in shares of General Dynamics by 4.2% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,012 shares of the aerospace company’s stock valued at $306,000 after buying an additional 41 shares during the last quarter. Finally, Austin Wealth Management LLC increased its holdings in General Dynamics by 5.4% in the 4th quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company’s stock worth $220,000 after buying an additional 42 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company’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 transaction, the senior vice president now directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. This represents a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This trade 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 corporate insiders.

Wall Street Analyst Weigh In

GD has been the subject of several research reports. BTIG Research cut shares of General Dynamics from a “buy” rating to a “neutral” rating in a report on Thursday, February 13th. Robert W. Baird reissued a “neutral” rating and set a $283.00 price target (down from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Wells Fargo & Company lifted their price objective on General Dynamics from $244.00 to $261.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. Jefferies Financial Group reissued a “hold” rating and issued a $300.00 target price (down previously from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. Finally, Barclays cut their price target 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. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $297.71.

General Dynamics Trading Down 0.2 %

Shares of GD opened at $268.99 on Monday. General Dynamics Co. has a fifty-two week low of $239.87 and a fifty-two week high of $316.90. 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 company’s fifty day moving average is $258.73 and its 200 day moving average is $276.60. The stock has a market capitalization of $72.72 billion, a PE ratio of 19.72, a P/E/G ratio of 1.69 and a beta of 0.59.

General Dynamics (NYSE:GD) last announced its earnings results 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%. Sell-side analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics declared that its board has approved a stock repurchase program on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio is presently 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.