General Dynamics Co. (NYSE:GD) Stock Holdings Increased by Paradiem LLC

Paradiem LLC lifted its stake in shares of General Dynamics Co. (NYSE:GD) by 55.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,077 shares of the aerospace company’s stock after acquiring an additional 20,324 shares during the quarter. General Dynamics accounts for about 4.0% of Paradiem LLC’s portfolio, making the stock its 5th largest position. Paradiem LLC’s holdings in General Dynamics were worth $15,039,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Fifth Third Wealth Advisors LLC increased its holdings in General Dynamics by 67.6% in the third quarter. Fifth Third Wealth Advisors LLC now owns 8,546 shares of the aerospace company’s stock valued at $2,583,000 after buying an additional 3,448 shares during the last quarter. Olstein Capital Management L.P. increased its holdings in General Dynamics by 36.4% in the third quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company’s stock valued at $4,533,000 after buying an additional 4,000 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of General Dynamics by 10.0% during the third quarter. Oppenheimer & Co. Inc. now owns 37,074 shares of the aerospace company’s stock worth $11,204,000 after purchasing an additional 3,363 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of General Dynamics by 69.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 261,992 shares of the aerospace company’s stock worth $69,032,000 after purchasing an additional 107,095 shares during the last quarter. Finally, Lummis Asset Management LP grew its holdings in shares of General Dynamics by 32.6% during the third quarter. Lummis Asset Management LP now owns 10,368 shares of the aerospace company’s stock worth $3,133,000 after purchasing an additional 2,551 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction dated 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 completion of the sale, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on GD shares. Susquehanna dropped their price objective on General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Baird R W downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Robert W. Baird reiterated 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, January 14th. Finally, Citigroup raised their price objective on shares of General Dynamics from $354.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, twelve have issued 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, General Dynamics has an average rating of “Hold” and an average price target of $304.88.

General Dynamics Price Performance

NYSE GD opened at $268.62 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $271.10 and a 200 day simple moving average of $288.01. The company has a market cap of $73.86 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.41 and a beta of 0.61. General Dynamics Co. has a 1 year low of $247.88 and a 1 year high of $316.90.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The company 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%. General Dynamics’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the company earned $3.04 earnings per share. On average, sell-side analysts predict that General Dynamics Co. will post 13.73 EPS for the current year.

General Dynamics declared that its board has authorized a stock repurchase program on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s payout ratio is 43.26%.

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.