GW Henssler & Associates Ltd. Sells 1,086 Shares of General Dynamics Co. (NYSE:GD)

GW Henssler & Associates Ltd. cut its stake in shares of General Dynamics Co. (NYSE:GD) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,752 shares of the aerospace company’s stock after selling 1,086 shares during the period. GW Henssler & Associates Ltd.’s holdings in General Dynamics were worth $18,906,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Coston McIsaac & Partners lifted its stake in General Dynamics by 22.8% in the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 33 shares in the last quarter. Global X Japan Co. Ltd. raised its position in shares of General Dynamics by 2.3% in the third quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock worth $448,000 after buying an additional 33 shares in the last quarter. Grove Bank & Trust boosted its stake in General Dynamics by 10.6% during the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock valued at $107,000 after buying an additional 34 shares during the period. Trueblood Wealth Management LLC increased its stake in General Dynamics by 1.6% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock worth $672,000 after acquiring an additional 34 shares during the last quarter. Finally, Jeppson Wealth Management LLC boosted its position in shares of General Dynamics by 3.8% during the 3rd quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock valued at $289,000 after acquiring an additional 35 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the sale, 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 legal filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of General Dynamics from $279.00 to $276.00 and set an “equal weight” rating on the stock in a report on Thursday. Jefferies Financial Group reaffirmed a “hold” rating and set a $300.00 price target (down previously from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Royal Bank of Canada reduced their price objective on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research report on Thursday. 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 report on Tuesday, January 14th. Finally, Wolfe Research lowered shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, General Dynamics has an average rating of “Hold” and a consensus price target of $301.24.

General Dynamics Stock Up 0.1 %

Shares of NYSE:GD opened at $257.17 on Monday. General Dynamics Co. has a 1 year low of $247.01 and a 1 year high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The stock’s 50-day moving average is $267.05 and its 200 day moving average is $286.79. The company has a market cap of $70.71 billion, a PE ratio of 18.85, a P/E/G ratio of 1.46 and a beta of 0.61.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. Sell-side analysts anticipate that General Dynamics Co. will post 14.88 EPS for the current year.

General Dynamics declared that its Board of Directors has initiated a share buyback program 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 programs are often an indication that the company’s board of directors believes its stock is undervalued.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio is currently 41.64%.

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.