1858 Wealth Management LLC Acquires 108 Shares of General Dynamics Co. (NYSE:GD)

1858 Wealth Management LLC grew its stake in General Dynamics Co. (NYSE:GD) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,186 shares of the aerospace company’s stock after acquiring an additional 108 shares during the period. 1858 Wealth Management LLC’s holdings in General Dynamics were worth $839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MFA Wealth Advisors LLC grew its position in shares of General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares during the period. Hara Capital LLC acquired a new stake in General Dynamics in the 3rd quarter valued at about $26,000. Financial Life Planners bought a new position in General Dynamics during the fourth quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in General Dynamics during the fourth quarter worth approximately $28,000. Finally, Sugar Maple Asset Management LLC bought a new stake in General Dynamics in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 0.4 %

Shares of General Dynamics stock opened at $257.64 on Wednesday. The firm’s 50-day moving average price is $266.56 and its two-hundred day moving average price is $286.50. The company has a market capitalization of $70.84 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.46 and a beta of 0.61. 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 Co. has a 12-month low of $247.01 and a 12-month high of $316.90.

General Dynamics (NYSE:GD) last announced its quarterly earnings data 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 net margin of 7.93% and a return on equity of 17.10%. On average, analysts forecast that General Dynamics Co. will post 14.88 earnings per share for the current fiscal year.

General Dynamics declared that its Board of Directors has approved a share repurchase program on Wednesday, December 4th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 41.64%.

Insiders Place Their Bets

In related news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup raised their price target on General Dynamics from $354.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Barclays cut their target price on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. Robert W. Baird restated a “neutral” rating and set a $283.00 price objective (down from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Finally, TD Cowen decreased their target price on General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and a consensus price target of $300.06.

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.