Pure Financial Advisors LLC Sells 121 Shares of General Dynamics Co. (NYSE:GD)

Pure Financial Advisors LLC lowered its position in General Dynamics Co. (NYSE:GD) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,986 shares of the aerospace company’s stock after selling 121 shares during the period. Pure Financial Advisors LLC’s holdings in General Dynamics were worth $1,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Sky Investment Group LLC boosted its position in General Dynamics by 9.6% in the 4th quarter. Sky Investment Group LLC now owns 13,990 shares of the aerospace company’s stock valued at $3,686,000 after buying an additional 1,224 shares during the period. Purus Wealth Management LLC raised its stake in shares of General Dynamics by 1.5% during the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock valued at $701,000 after acquiring an additional 39 shares in the last quarter. Willner & Heller LLC boosted its holdings in shares of General Dynamics by 5.5% in the fourth quarter. Willner & Heller LLC now owns 2,017 shares of the aerospace company’s stock valued at $531,000 after purchasing an additional 106 shares during the period. Trueblood Wealth Management LLC grew its stake in General Dynamics by 5.8% in the fourth quarter. Trueblood Wealth Management LLC now owns 2,351 shares of the aerospace company’s stock worth $619,000 after purchasing an additional 128 shares in the last quarter. Finally, Mechanics Bank Trust Department increased its holdings in General Dynamics by 11.3% during the 4th quarter. Mechanics Bank Trust Department now owns 781 shares of the aerospace company’s stock worth $206,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the transaction, the vice president now owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

General Dynamics Stock Performance

Shares of NYSE GD opened at $266.86 on Tuesday. General Dynamics Co. has a 1 year low of $247.36 and a 1 year 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 company’s fifty day moving average price is $272.86 and its 200 day moving average price is $288.21. The company has a market capitalization of $73.38 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 1.41 and a beta of 0.61.

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

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

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a dividend of $1.42 per share. The ex-dividend date is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.13%. General Dynamics’s dividend payout ratio (DPR) is 43.26%.

Analyst Ratings Changes

Several brokerages have recently commented on GD. Robert W. Baird restated a “neutral” rating and set a $283.00 price target (down previously from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Seaport Res Ptn downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. The Goldman Sachs Group downgraded shares of General Dynamics from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $283.00 to $245.00 in a research note on Thursday, December 12th. Finally, Barclays cut their price target on General Dynamics from $330.00 to $305.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $304.53.

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.