Bradley & Co. Private Wealth Management LLC Invests $51,000 in General Dynamics Co. (NYSE:GD)

Bradley & Co. Private Wealth Management LLC bought a new stake in shares of General Dynamics Co. (NYSE:GD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 194 shares of the aerospace company’s stock, valued at approximately $51,000.

Several other hedge funds also recently modified their holdings of GD. Hara Capital LLC purchased a new position in General Dynamics during the 3rd quarter worth $26,000. Financial Life Planners bought a new position in shares of General Dynamics during the fourth quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new position in General Dynamics during the fourth quarter worth about $28,000. Sugar Maple Asset Management LLC bought a new stake in General Dynamics in the 4th quarter worth about $28,000. Finally, True Wealth Design LLC purchased a new stake in General Dynamics in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GD shares. Barclays reduced their target price on General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Susquehanna reduced their price objective on General Dynamics from $315.00 to $300.00 and set a “positive” rating for the company in a research note on Thursday, January 30th. Robert W. Baird reiterated a “neutral” rating and set a $283.00 target price (down from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. The Goldman Sachs Group reduced their price target on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research report on Tuesday, January 28th. Finally, Vertical Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $298.59.

General Dynamics Price Performance

Shares of NYSE GD opened at $249.83 on Wednesday. The stock has a fifty day moving average of $258.97 and a 200-day moving average of $281.88. The stock has a market cap of $67.54 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.61. 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.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. Equities research analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, January 17th. General Dynamics’s dividend payout ratio is presently 41.64%.

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

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the transaction, the director now directly owns 11,175 shares in the company, valued at $2,857,224. This represents a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

General Dynamics 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.