General Dynamics Co. (NYSE:GD) Holdings Trimmed by FCG Investment Co

FCG Investment Co cut its holdings in General Dynamics Co. (NYSE:GD) by 29.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,833 shares of the aerospace company’s stock after selling 2,442 shares during the quarter. FCG Investment Co’s holdings in General Dynamics were worth $1,537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of GD. MFA Wealth Advisors LLC lifted its holdings in shares of General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the last quarter. Hara Capital LLC acquired a new stake in General Dynamics during the 3rd quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new stake in General Dynamics during the fourth quarter valued at about $28,000. Lowe Wealth Advisors LLC acquired a new position in shares of General Dynamics in the third quarter worth about $30,000. Finally, True Wealth Design LLC purchased a new position in shares of General Dynamics in the third quarter worth approximately $34,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the sale, the vice president now owns 20,296 shares in the company, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.52% of the company’s stock.

General Dynamics Stock Down 0.3 %

GD opened at $268.07 on Friday. General Dynamics Co. has a 1-year low of $251.62 and a 1-year high of $316.90. The business has a 50 day moving average of $270.19 and a 200-day moving average of $287.88. The stock has a market capitalization of $73.71 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.44 and a beta of 0.61. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last announced its quarterly earnings data 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 firm had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. General Dynamics’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.04 EPS. As a group, sell-side analysts anticipate that General Dynamics Co. will post 13.71 earnings per share for the current year.

General Dynamics announced that its board has authorized a stock buyback program on Wednesday, December 4th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

General Dynamics Announces Dividend

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 paid 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 yield of 2.12%. General Dynamics’s dividend payout ratio is currently 43.26%.

Analysts Set New Price Targets

A number of equities analysts recently commented on GD shares. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $300.00 target price (down previously from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. Susquehanna dropped their price target on General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Baird R W cut General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group lowered shares of General Dynamics from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $283.00 to $245.00 in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $304.88.

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.