Walter & Keenan Wealth Management LLC IN ADV Sells 4,661 Shares of General Dynamics Co. (NYSE:GD)

Walter & Keenan Wealth Management LLC IN ADV lessened its position in shares of General Dynamics Co. (NYSE:GD) by 71.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,892 shares of the aerospace company’s stock after selling 4,661 shares during the quarter. Walter & Keenan Wealth Management LLC IN ADV’s holdings in General Dynamics were worth $499,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC boosted 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 worth $25,000 after purchasing an additional 58 shares during the last quarter. Financial Life Planners bought a new position in General Dynamics during the fourth quarter worth about $25,000. Hara Capital LLC acquired a new position in shares of General Dynamics during the 3rd quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Dynamics in the 4th quarter valued at about $28,000. Finally, Heck Capital Advisors LLC bought a new position in General Dynamics during the 4th quarter worth approximately $28,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Price Performance

Shares of NYSE GD opened at $254.84 on Monday. General Dynamics Co. has a fifty-two week low of $247.01 and a fifty-two week high of $316.90. The stock has a market capitalization of $70.07 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.61 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The business has a 50-day moving average of $264.47 and a 200-day moving average of $285.56.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. As a group, sell-side analysts predict that General Dynamics Co. will post 14.84 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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

General Dynamics declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 4th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on GD shares. Susquehanna reduced their price target on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a research report on Thursday, January 30th. Wells Fargo & Company reduced their target price on General Dynamics from $279.00 to $276.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Barclays dropped their price target on General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Baird R W lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, TD Cowen dropped their target price on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $300.06.

Insider Transactions at General Dynamics

In related news, 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 transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the firm’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 directly owns 11,175 shares of the company’s stock, 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 company insiders.

General Dynamics Company 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.