General Dynamics Co. (NYSE:GD) Shares Bought by OneAscent Financial Services LLC

OneAscent Financial Services LLC grew its stake in General Dynamics Co. (NYSE:GD) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,471 shares of the aerospace company’s stock after purchasing an additional 144 shares during the quarter. OneAscent Financial Services LLC’s holdings in General Dynamics were worth $651,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Purus Wealth Management LLC grew its position in General Dynamics by 1.5% during the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock valued at $701,000 after purchasing an additional 39 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in General Dynamics by 4.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company’s stock worth $277,000 after buying an additional 40 shares in the last quarter. Austin Wealth Management LLC boosted its stake in shares of General Dynamics by 5.4% during the 4th quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company’s stock valued at $220,000 after buying an additional 42 shares during the period. SRS Capital Advisors Inc. grew its holdings in shares of General Dynamics by 35.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company’s stock valued at $43,000 after acquiring an additional 43 shares in the last quarter. Finally, Stokes Family Office LLC increased its stake in shares of General Dynamics by 0.4% in the fourth quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company’s stock worth $2,708,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE GD opened at $276.14 on Thursday. General Dynamics Co. has a 12 month low of $239.87 and a 12 month high of $316.90. The company has a market cap of $74.65 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.69 and a beta of 0.59. The business’s 50 day moving average is $259.05 and its two-hundred day moving average is $276.19. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) 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%. On average, equities analysts expect that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 dividend on an annualized basis and a yield of 2.17%. General Dynamics’s dividend payout ratio (DPR) is 43.99%.

General Dynamics declared that its Board of Directors has initiated a share buyback program on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GD. Robert W. Baird restated a “neutral” rating and issued a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. Vertical Research cut General Dynamics from a “buy” rating to a “hold” rating and lowered their price target for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Baird R W lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Jefferies Financial Group restated 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. Finally, Susquehanna raised their price target on shares of General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $298.59.

Insider Activity at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now owns 11,175 shares of the company’s stock, valued at $2,857,224. The trade was a 13.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the transaction, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

General Dynamics 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.