General Dynamics Co. (NYSE:GD) Shares Purchased by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. raised its holdings in General Dynamics Co. (NYSE:GD) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,416 shares of the aerospace company’s stock after purchasing an additional 588 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in General Dynamics were worth $2,218,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GD. MFA Wealth Advisors LLC lifted its position in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares during the last quarter. Hara Capital LLC purchased a new stake in shares of General Dynamics in the 3rd quarter valued at approximately $26,000. Lowe Wealth Advisors LLC acquired a new position in shares of General Dynamics in the 3rd quarter worth approximately $30,000. Sugar Maple Asset Management LLC acquired a new stake in General Dynamics in the 4th quarter valued at approximately $28,000. Finally, True Wealth Design LLC purchased a new stake in General Dynamics in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the company’s 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.52% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on GD shares. Vertical Research lowered General Dynamics from a “buy” rating to a “hold” rating and lowered their price target for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. Jefferies Financial Group restated a “hold” rating and set a $300.00 target price (down from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. Robert W. Baird reiterated a “neutral” rating and set a $283.00 price target (down from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. Sanford C. Bernstein lowered their price objective 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. Finally, Wolfe Research downgraded shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Hold” and an average target price of $304.88.

General Dynamics Price Performance

Shares of NYSE GD opened at $266.22 on Friday. The business has a 50 day moving average price of $269.27 and a two-hundred day moving average price of $287.64. General Dynamics Co. has a fifty-two week low of $257.26 and a fifty-two week high of $316.90. The firm has a market cap of $73.20 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.43 and a beta of 0.61. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last posted 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). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same period in the prior year, the company earned $3.04 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. Sell-side analysts expect that General Dynamics Co. will post 13.66 earnings per share for the current fiscal year.

General Dynamics announced that its board has initiated a share repurchase plan on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

General Dynamics Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, January 17th. General Dynamics’s dividend payout ratio is presently 43.26%.

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.