General Dynamics Co. (NYSE:GD) Stock Holdings Lifted by Capital Planning LLC

Capital Planning LLC lifted its position in General Dynamics Co. (NYSE:GD) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,538 shares of the aerospace company’s stock after acquiring an additional 137 shares during the period. Capital Planning LLC’s holdings in General Dynamics were worth $405,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GD. Wealth Alliance boosted its holdings 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 worth $350,000 after purchasing an additional 179 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of General Dynamics by 7.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,975 shares of the aerospace company’s stock worth $2,314,000 after purchasing an additional 553 shares during the period. Amalgamated Bank boosted its holdings in shares of General Dynamics by 1.5% during the second quarter. Amalgamated Bank now owns 48,426 shares of the aerospace company’s stock worth $14,050,000 after purchasing an additional 726 shares during the period. Waterloo Capital L.P. acquired a new stake in General Dynamics in the second quarter valued at approximately $447,000. Finally, Sienna Gestion acquired a new stake in General Dynamics in the second quarter valued at approximately $746,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GD shares. Baird R W cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Sanford C. Bernstein reduced their target price on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Citigroup lifted their target price on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $283.00 target price (down from $345.00) on shares of General Dynamics in a research note on Tuesday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $304.53.

General Dynamics Trading Up 1.1 %

Shares of General Dynamics stock opened at $268.97 on Friday. The firm has a market capitalization of $73.96 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The company’s fifty day moving average price is $274.45 and its two-hundred day moving average price is $288.45. General Dynamics Co. has a 52-week low of $247.36 and a 52-week high of $316.90.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (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 the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $3.04 EPS. On average, analysts expect that General Dynamics Co. will post 13.81 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

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

Insider Buying and Selling at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the business’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 sale, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.52% 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.