108 Shares in General Dynamics Co. (NYSE:GD) Purchased by Sugar Maple Asset Management LLC

Sugar Maple Asset Management LLC bought a new position in shares of General Dynamics Co. (NYSE:GD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 108 shares of the aerospace company’s stock, valued at approximately $28,000.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group downgraded General Dynamics from a “neutral” rating to a “sell” rating and cut their price objective for the company from $283.00 to $245.00 in a report on Thursday, December 12th. Wolfe Research cut shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada cut shares of General Dynamics from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $330.00 to $290.00 in a report on Thursday, December 19th. Susquehanna decreased their price target on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their price objective on General Dynamics from $295.00 to $279.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $304.88.

General Dynamics Price Performance

Shares of NYSE GD opened at $271.30 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The stock has a market cap of $74.60 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.41 and a beta of 0.61. The stock has a 50 day moving average of $271.92 and a two-hundred day moving average of $288.09. General Dynamics Co. has a twelve month low of $247.88 and a twelve month high of $316.90.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same quarter in the prior year, the company earned $3.04 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, research analysts forecast that General Dynamics Co. will post 13.81 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.09%. The ex-dividend date is Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

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

Insider Buying and Selling at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the sale, the vice president now owns 20,296 shares in the company, valued at $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by company insiders.

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.