Copperwynd Financial LLC Has $258,000 Position in General Dynamics Co. (NYSE:GD)

Copperwynd Financial LLC lowered its holdings in General Dynamics Co. (NYSE:GD) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 981 shares of the aerospace company’s stock after selling 102 shares during the quarter. Copperwynd Financial LLC’s holdings in General Dynamics were worth $258,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in General Dynamics by 0.8% in the third quarter. Wellington Management Group LLP now owns 14,205,330 shares of the aerospace company’s stock worth $4,292,851,000 after purchasing an additional 109,618 shares in the last quarter. State Street Corp lifted its stake in shares of General Dynamics by 9.4% during the third quarter. State Street Corp now owns 10,945,110 shares of the aerospace company’s stock valued at $3,307,612,000 after acquiring an additional 943,247 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of General Dynamics by 2.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,829,662 shares of the aerospace company’s stock valued at $2,366,124,000 after acquiring an additional 189,904 shares during the period. Geode Capital Management LLC lifted its stake in shares of General Dynamics by 13.0% during the third quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company’s stock valued at $1,674,998,000 after acquiring an additional 638,342 shares during the period. Finally, FMR LLC lifted its stake in shares of General Dynamics by 0.5% during the third quarter. FMR LLC now owns 4,940,537 shares of the aerospace company’s stock valued at $1,493,030,000 after acquiring an additional 24,464 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was 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 of the company’s stock, valued at approximately $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the transaction, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at $12,297,195.12. This trade represents a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

General Dynamics Stock Up 0.4 %

Shares of General Dynamics stock opened at $262.19 on Friday. General Dynamics Co. has a 1 year low of $239.87 and a 1 year high of $316.90. The business has a 50-day moving average of $257.89 and a two-hundred day moving average of $278.98. The company has a market capitalization of $70.88 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82.

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

General Dynamics declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 4th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be issued a dividend of $1.50 per share. The ex-dividend date is Friday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.29%. General Dynamics’s dividend payout ratio (DPR) is presently 43.99%.

Analyst Upgrades and Downgrades

GD has been the topic of several research reports. Vertical Research lowered General Dynamics from a “buy” rating to a “hold” rating and cut their price target for the company from $352.00 to $290.00 in a research note on Monday, January 6th. William Blair lowered General Dynamics from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. BTIG Research lowered General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 13th. Wells Fargo & Company upped their price target on General Dynamics from $244.00 to $261.00 and gave the company an “equal weight” rating in a research note on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $297.71.

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.