Crewe Advisors LLC Reduces Stock Position in General Dynamics Co. (NYSE:GD)

Crewe Advisors LLC lowered its stake in shares of General Dynamics Co. (NYSE:GD) by 22.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 313 shares of the aerospace company’s stock after selling 90 shares during the period. Crewe Advisors LLC’s holdings in General Dynamics were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Czech National Bank raised its position in shares of General Dynamics by 21.3% in the third quarter. Czech National Bank now owns 52,532 shares of the aerospace company’s stock worth $15,875,000 after buying an additional 9,208 shares in the last quarter. Diversified Trust Co raised its position in shares of General Dynamics by 7.1% in the third quarter. Diversified Trust Co now owns 2,163 shares of the aerospace company’s stock worth $654,000 after buying an additional 143 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of General Dynamics by 5.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 2,859 shares of the aerospace company’s stock worth $864,000 after buying an additional 155 shares in the last quarter. Atomi Financial Group Inc. raised its position in shares of General Dynamics by 2.8% in the third quarter. Atomi Financial Group Inc. now owns 2,203 shares of the aerospace company’s stock worth $666,000 after buying an additional 61 shares in the last quarter. Finally, Brookstone Capital Management raised its position in shares of General Dynamics by 3.7% in the third quarter. Brookstone Capital Management now owns 23,120 shares of the aerospace company’s stock worth $6,987,000 after buying an additional 832 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

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 shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the sale, the director now directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $1,556,241.40. Following the completion of the sale, the vice president now owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GD shares. JPMorgan Chase & Co. lowered their price objective on General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Wells Fargo & Company reduced their target price on General Dynamics from $279.00 to $276.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. TD Cowen reduced their target price on General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. Vertical Research cut General Dynamics from a “buy” rating to a “hold” rating and reduced their target price for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Finally, Wolfe Research cut General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $300.06.

General Dynamics Stock Down 1.2 %

NYSE GD opened at $255.41 on Friday. 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 stock has a market capitalization of $70.23 billion, a PE ratio of 18.72, a PEG ratio of 1.46 and a beta of 0.61. General Dynamics Co. has a 1 year low of $247.01 and a 1 year high of $316.90. The business’s 50-day moving average is $265.60 and its 200 day moving average is $286.09.

General Dynamics (NYSE:GD) last posted 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 return on equity of 17.10% and a net margin of 7.93%. Sell-side analysts forecast that General Dynamics Co. will post 14.88 earnings per share for the current year.

General Dynamics declared that its board has initiated a stock buyback plan 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. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.22%. General Dynamics’s payout ratio is presently 41.64%.

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.