Zullo Investment Group Inc. Has $452,000 Holdings in General Dynamics Co. (NYSE:GD)

Zullo Investment Group Inc. decreased its stake in General Dynamics Co. (NYSE:GD) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,715 shares of the aerospace company’s stock after selling 143 shares during the period. Zullo Investment Group Inc.’s holdings in General Dynamics were worth $452,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GD. MFA Wealth Advisors LLC raised its holdings in 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 in the last quarter. Hara Capital LLC bought a new stake in shares of General Dynamics during the third quarter valued at approximately $26,000. Financial Life Planners acquired a new position in shares of General Dynamics in the fourth quarter valued at $25,000. Heck Capital Advisors LLC bought a new position in General Dynamics in the fourth quarter worth $28,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in General Dynamics during the fourth quarter worth $28,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.6 %

Shares of NYSE GD opened at $243.95 on Thursday. 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 $65.95 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61. The firm’s 50-day moving average is $260.41 and its 200-day moving average is $283.10. General Dynamics Co. has a 1 year low of $239.87 and a 1 year high of $316.90.

General Dynamics (NYSE:GD) last released its 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 net margin of 7.93% and a return on equity of 17.10%. Equities analysts expect that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were issued a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.33%. General Dynamics’s dividend payout ratio is presently 41.64%.

General Dynamics declared that its board has authorized a stock repurchase program on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Baird R W cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Sanford C. Bernstein dropped their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group decreased their price objective on General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a report on Tuesday, January 28th. Wolfe Research cut General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $298.59.

Insider Activity

In related news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction dated Friday, January 31st. The stock was 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 approximately $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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. This trade represents a 21.44 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently 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.