Quotient Wealth Partners LLC Lowers Holdings in General Dynamics Co. (NYSE:GD)

Quotient Wealth Partners LLC lessened its stake in General Dynamics Co. (NYSE:GD) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,409 shares of the aerospace company’s stock after selling 341 shares during the quarter. Quotient Wealth Partners LLC’s holdings in General Dynamics were worth $898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GD. Global X Japan Co. Ltd. raised its position in shares of General Dynamics by 2.3% in the 3rd quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock worth $448,000 after acquiring an additional 33 shares in the last quarter. Coston McIsaac & Partners boosted its holdings in shares of General Dynamics by 22.8% in the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock valued at $53,000 after buying an additional 33 shares in the last quarter. Grove Bank & Trust grew its position in shares of General Dynamics by 10.6% in the 3rd quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock worth $107,000 after buying an additional 34 shares during the last quarter. Trueblood Wealth Management LLC lifted its position in General Dynamics by 1.6% during the third quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock valued at $672,000 after acquiring an additional 34 shares during the last quarter. Finally, Jeppson Wealth Management LLC boosted its stake in General Dynamics by 3.8% in the third 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 in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.3 %

Shares of NYSE GD opened at $254.84 on Friday. The stock has a fifty day simple moving average of $264.47 and a 200-day simple moving average of $285.62. General Dynamics Co. has a twelve month low of $247.01 and a twelve month high of $316.90. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $70.07 billion, a PE ratio of 18.68, a PEG ratio of 1.61 and a beta of 0.61.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 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%. On average, equities analysts forecast that General Dynamics Co. will post 14.84 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Friday, January 17th. General Dynamics’s payout ratio is presently 41.64%.

General Dynamics announced that its board has authorized 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 typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wolfe Research cut General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. TD Cowen cut their price objective on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Royal Bank of Canada dropped their target price on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 30th. Jefferies Financial Group reissued a “hold” rating and set a $300.00 price objective (down from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. Finally, Sanford C. Bernstein dropped their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. 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 MarketBeat, General Dynamics currently has a consensus rating of “Hold” and an average target price of $300.06.

Insider Transactions at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now owns 11,175 shares in the company, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Brady sold 5,540 shares of the business’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 sale, 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

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.