Flywheel Private Wealth LLC Buys Shares of 1,007 General Dynamics Co. (NYSE:GD)

Flywheel Private Wealth LLC purchased a new position in shares of General Dynamics Co. (NYSE:GD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,007 shares of the aerospace company’s stock, valued at approximately $265,000.

A number of other large investors have also modified their holdings of the company. Stock Yards Bank & Trust Co. increased its position in General Dynamics by 3.1% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 4,685 shares of the aerospace company’s stock valued at $1,359,000 after acquiring an additional 140 shares during the period. Axxcess Wealth Management LLC increased its holdings in shares of General Dynamics by 4.2% during the second quarter. Axxcess Wealth Management LLC now owns 9,664 shares of the aerospace company’s stock valued at $2,804,000 after purchasing an additional 391 shares during the period. Wealth Alliance raised its stake in shares of General Dynamics by 17.4% during the second quarter. Wealth Alliance now owns 1,206 shares of the aerospace company’s stock valued at $350,000 after purchasing an additional 179 shares in the last quarter. Argent Trust Co lifted its holdings in General Dynamics by 3.6% in the second quarter. Argent Trust Co now owns 15,789 shares of the aerospace company’s stock worth $4,581,000 after purchasing an additional 548 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in General Dynamics by 7.5% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,975 shares of the aerospace company’s stock valued at $2,314,000 after buying an additional 553 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 0.3 %

General Dynamics stock opened at $265.89 on Thursday. General Dynamics Co. has a 52 week low of $247.36 and a 52 week high of $316.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The firm has a market capitalization of $73.11 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.38 and a beta of 0.61. The company has a 50 day moving average price of $275.30 and a 200 day moving average price of $288.61.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). The business had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $3.04 EPS. Research analysts forecast that General Dynamics Co. will post 13.81 EPS for the current year.

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

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be paid a dividend of $1.42 per share. The ex-dividend date is Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.14%. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

Insider Activity

In other news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GD has been the topic of a number of research analyst reports. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Wolfe Research cut General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. Vertical Research downgraded General Dynamics from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $352.00 to $290.00 in a research note on Monday, January 6th. Robert W. Baird reaffirmed a “neutral” rating and set a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a research note on Tuesday. Finally, Royal Bank of Canada cut shares of General Dynamics from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $330.00 to $290.00 in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $304.53.

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.