General Dynamics Co. (NYSE:GD) Stake Lowered by Peak Financial Advisors LLC

Peak Financial Advisors LLC trimmed its position in shares of General Dynamics Co. (NYSE:GD) by 54.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,591 shares of the aerospace company’s stock after selling 5,410 shares during the period. Peak Financial Advisors LLC’s holdings in General Dynamics were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. MFA Wealth Advisors LLC raised its stake in shares of General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 58 shares in the last quarter. Hara Capital LLC bought a new position in General Dynamics during the third quarter valued at approximately $26,000. Lowe Wealth Advisors LLC acquired a new stake in General Dynamics in the third quarter valued at approximately $30,000. True Wealth Design LLC bought a new stake in General Dynamics in the third quarter worth approximately $34,000. Finally, Coston McIsaac & Partners increased its stake in shares of General Dynamics by 22.8% during the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In related news, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the transaction, the vice president now owns 20,296 shares in the company, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on GD. Robert W. Baird reissued a “neutral” rating and set a $283.00 target price (down from $345.00) on shares of General Dynamics in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price objective on General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Citigroup upped their target price on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $304.53.

General Dynamics Stock Up 0.5 %

NYSE GD opened at $264.92 on Wednesday. The stock’s 50 day simple moving average is $275.30 and its 200 day simple moving average is $288.61. General Dynamics Co. has a one year low of $247.36 and a one year high of $316.90. The firm has a market cap of $72.84 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 1.62 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). The business had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. General Dynamics’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.04 EPS. As a group, sell-side analysts forecast that General Dynamics Co. will post 13.84 earnings per share for the current fiscal year.

General Dynamics announced that its board has authorized a share buyback program on Wednesday, December 4th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.14%. General Dynamics’s payout ratio is 43.26%.

About General Dynamics

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.