Certuity LLC Boosts Position in General Dynamics Co. (NYSE:GD)

Certuity LLC grew its position in shares of General Dynamics Co. (NYSE:GD) by 18.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 952 shares of the aerospace company’s stock after purchasing an additional 151 shares during the quarter. Certuity LLC’s holdings in General Dynamics were worth $251,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MFA Wealth Advisors LLC increased its holdings 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 valued at $25,000 after purchasing an additional 58 shares in the last quarter. Hara Capital LLC purchased a new stake in General Dynamics in the 3rd quarter worth $26,000. Financial Life Planners purchased a new stake in General Dynamics in the 4th quarter worth $25,000. Heck Capital Advisors LLC purchased a new stake in General Dynamics in the 4th quarter worth $28,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in General Dynamics in the 4th quarter worth $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Trading Down 2.1 %

Shares of GD stock opened at $246.14 on Friday. The company’s 50-day moving average price is $263.13 and its 200-day moving average price is $284.85. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The stock has a market cap of $67.68 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.61 and a beta of 0.61. General Dynamics Co. has a twelve month low of $242.86 and a twelve month high of $316.90.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share 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 predict that General Dynamics Co. will post 14.84 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.31%. General Dynamics’s dividend payout ratio (DPR) is currently 41.64%.

General Dynamics announced that its Board of Directors has initiated a share buyback program on Wednesday, December 4th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages recently commented on GD. UBS Group cut their price target on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Baird R W lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. TD Cowen cut their price target on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Royal Bank of Canada lowered their target price on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 30th. Finally, Susquehanna lowered their target price on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, General Dynamics presently has an average rating of “Hold” and a consensus target price of $298.59.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the sale, the vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the sale, the director now 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 disclosure for this sale can be found here. 1.52% of the stock is owned by insiders.

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.