Capital Advisors Inc. OK Sells 685 Shares of General Dynamics Co. (NYSE:GD)

Capital Advisors Inc. OK lowered its stake in shares of General Dynamics Co. (NYSE:GD) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,103 shares of the aerospace company’s stock after selling 685 shares during the quarter. Capital Advisors Inc. OK’s holdings in General Dynamics were worth $1,081,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC grew its position in General Dynamics by 67.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 8,546 shares of the aerospace company’s stock valued at $2,583,000 after buying an additional 3,448 shares during the period. Olstein Capital Management L.P. lifted its holdings in General Dynamics by 36.4% during the third quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company’s stock valued at $4,533,000 after purchasing an additional 4,000 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in General Dynamics by 10.0% during the third quarter. Oppenheimer & Co. Inc. now owns 37,074 shares of the aerospace company’s stock valued at $11,204,000 after purchasing an additional 3,363 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in General Dynamics by 69.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 261,992 shares of the aerospace company’s stock valued at $69,032,000 after purchasing an additional 107,095 shares during the last quarter. Finally, Lummis Asset Management LP lifted its holdings in General Dynamics by 32.6% during the third quarter. Lummis Asset Management LP now owns 10,368 shares of the aerospace company’s stock valued at $3,133,000 after purchasing an additional 2,551 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction on 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 transaction, the vice president now directly owns 20,296 shares in the company, valued at $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GD shares. Wolfe Research downgraded shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. TD Cowen lowered their price target on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. The Goldman Sachs Group lowered their price target on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a report on Tuesday, January 28th. Baird R W downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Citigroup lowered their target price on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of “Hold” and a consensus target price of $298.59.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $256.92 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $70.65 billion, a P/E ratio of 18.84, a P/E/G ratio of 1.61 and a beta of 0.61. The business has a fifty day simple moving average of $264.07 and a two-hundred day simple moving average of $285.32. 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 EPS for the quarter, missing the consensus estimate 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, equities analysts forecast that General Dynamics Co. will post 14.84 earnings per share for the current fiscal year.

General Dynamics announced that its Board of Directors has approved 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 purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

General Dynamics Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, January 17th. General Dynamics’s dividend payout ratio is presently 41.64%.

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.