Core Alternative Capital Has $43,000 Stake in General Dynamics Co. (NYSE:GD)

Core Alternative Capital trimmed its holdings in General Dynamics Co. (NYSE:GD) by 22.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 165 shares of the aerospace company’s stock after selling 48 shares during the period. Core Alternative Capital’s holdings in General Dynamics were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. MFA Wealth Advisors LLC boosted its position 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 worth $25,000 after buying an additional 58 shares during the period. Financial Life Planners acquired a new position in shares of General Dynamics during the fourth quarter worth about $25,000. Hara Capital LLC acquired a new position in shares of General Dynamics during the third quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Dynamics during the fourth quarter worth about $28,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of General Dynamics during the fourth quarter worth about $28,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Vertical Research cut General Dynamics from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. Jefferies Financial Group reiterated a “hold” rating and set a $300.00 target price (down previously from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. Citigroup dropped their target price on General Dynamics from $360.00 to $335.00 and set a “buy” rating on the stock in a report on Monday. Baird R W lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Barclays dropped their target price on General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, General Dynamics presently has a consensus rating of “Hold” and a consensus target price of $298.59.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now directly owns 11,175 shares in the company, valued at $2,857,224. This represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

General Dynamics Price Performance

Shares of NYSE GD opened at $256.17 on Tuesday. The firm has a market cap of $70.44 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 1.61 and a beta of 0.61. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 1-year low of $247.01 and a 1-year high of $316.90. The business’s 50 day moving average is $264.47 and its 200-day moving average is $285.57.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Equities research analysts predict that General Dynamics Co. will post 14.84 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were paid a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.22%. General Dynamics’s dividend payout ratio (DPR) is currently 41.64%.

General Dynamics announced that its Board of Directors has initiated a share buyback program on Wednesday, December 4th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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.