General Dynamics Co. (NYSE:GD) Stock Holdings Reduced by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC lowered its position in General Dynamics Co. (NYSE:GD) by 13.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,578 shares of the aerospace company’s stock after selling 254 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in General Dynamics were worth $416,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GD. International Assets Investment Management LLC grew its stake in General Dynamics by 40,389.3% in the third quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company’s stock valued at $416,876,000 after purchasing an additional 1,376,065 shares in the last quarter. State Street Corp boosted its stake in shares of General Dynamics by 9.4% during the 3rd quarter. State Street Corp now owns 10,945,110 shares of the aerospace company’s stock worth $3,307,612,000 after acquiring an additional 943,247 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of General Dynamics by 13.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company’s stock worth $1,674,998,000 after acquiring an additional 638,342 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of General Dynamics by 117.0% during the 3rd quarter. Two Sigma Advisers LP now owns 858,600 shares of the aerospace company’s stock worth $259,469,000 after acquiring an additional 463,000 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of General Dynamics by 43.1% during the 3rd quarter. Barclays PLC now owns 942,485 shares of the aerospace company’s stock worth $284,818,000 after acquiring an additional 283,972 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

GD has been the subject of several recent analyst reports. Citigroup upped their price target on General Dynamics from $354.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. Baird R W downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Vertical Research downgraded General Dynamics from a “buy” rating to a “hold” rating and decreased their target price for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Finally, Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, General Dynamics presently has a consensus rating of “Hold” and an average target price of $304.88.

General Dynamics Trading Up 1.7 %

Shares of GD opened at $271.30 on Wednesday. General Dynamics Co. has a 1 year low of $247.88 and a 1 year high of $316.90. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $271.92 and a 200-day simple moving average of $288.09. The stock has a market cap of $74.60 billion, a PE ratio of 20.66, a PEG ratio of 1.41 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. 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 previous year, the company posted $3.04 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts predict that General Dynamics Co. will post 13.81 EPS for the current fiscal year.

General Dynamics announced that its board has authorized a share buyback plan on Wednesday, December 4th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a yield of 2.09%. General Dynamics’s dividend payout ratio is 43.26%.

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.