TBH Global Asset Management LLC Trims Position in General Dynamics Co. (NYSE:GD)

TBH Global Asset Management LLC lowered its holdings in shares of General Dynamics Co. (NYSE:GD) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,627 shares of the aerospace company’s stock after selling 101 shares during the quarter. TBH Global Asset Management LLC’s holdings in General Dynamics were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Global X Japan Co. Ltd. boosted its holdings in General Dynamics by 2.3% during the 3rd quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock valued at $448,000 after acquiring an additional 33 shares during the period. Coston McIsaac & Partners increased its position in General Dynamics by 22.8% during the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 33 shares during the period. Trueblood Wealth Management LLC raised its holdings in shares of General Dynamics by 1.6% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock valued at $672,000 after purchasing an additional 34 shares in the last quarter. Jeppson Wealth Management LLC lifted its position in shares of General Dynamics by 3.8% in the 3rd quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock worth $289,000 after purchasing an additional 35 shares during the period. Finally, Community Bank N.A. boosted its stake 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 purchasing an additional 35 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.6 %

Shares of GD stock opened at $243.95 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a fifty-two week low of $239.87 and a fifty-two week high of $316.90. The firm has a market capitalization of $65.95 billion, a PE ratio of 17.88, a P/E/G ratio of 1.67 and a beta of 0.61. The stock’s 50-day simple moving average is $260.41 and its 200-day simple moving average is $283.10.

General Dynamics (NYSE:GD) last issued 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 return on equity of 17.10% and a net margin of 7.93%. Equities analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, January 17th. General Dynamics’s dividend payout ratio is currently 41.64%.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Robert W. Baird restated a “neutral” rating and set a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Baird R W cut General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group dropped their price objective on General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a research report on Tuesday, January 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 target price (down from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $298.59.

Insider Activity

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 11,175 shares in the company, valued at approximately $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher J. Brady sold 5,540 shares of General Dynamics 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 completion of the sale, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

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.