DJE Kapital AG Invests $422,000 in General Dynamics Co. (NYSE:GD)

DJE Kapital AG purchased a new position in General Dynamics Co. (NYSE:GD) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,600 shares of the aerospace company’s stock, valued at approximately $422,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Jeppson Wealth Management LLC grew its holdings in shares of General Dynamics by 3.8% in the third quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock worth $289,000 after purchasing an additional 35 shares during the last quarter. Community Bank N.A. lifted its stake in General Dynamics by 0.6% in the third quarter. Community Bank N.A. now owns 5,461 shares of the aerospace company’s stock worth $1,650,000 after acquiring an additional 35 shares during the period. Forum Financial Management LP lifted its stake in General Dynamics by 1.8% in the third quarter. Forum Financial Management LP now owns 2,042 shares of the aerospace company’s stock worth $617,000 after acquiring an additional 37 shares during the period. Freedom Investment Management Inc. lifted its stake in General Dynamics by 0.9% in the third quarter. Freedom Investment Management Inc. now owns 4,344 shares of the aerospace company’s stock worth $1,313,000 after acquiring an additional 37 shares during the period. Finally, Purus Wealth Management LLC lifted its stake in General Dynamics by 1.5% in the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock worth $701,000 after acquiring an additional 39 shares during the period. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Up 0.6 %

GD stock opened at $254.07 on Tuesday. 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 52 week low of $239.87 and a 52 week high of $316.90. The firm has a 50 day moving average of $258.09 and a 200 day moving average of $280.71. The stock has a market capitalization of $68.69 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.69 and a beta of 0.61.

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%. Sell-side analysts forecast that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.24%. The ex-dividend date was Friday, January 17th. General Dynamics’s payout ratio is 41.64%.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GD. Citigroup lowered their price objective on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Vertical Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $352.00 to $290.00 in a research note on Monday, January 6th. BTIG Research lowered shares of General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 13th. William Blair cut shares of General Dynamics from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. lowered their price target on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $296.71.

Insider Buying and Selling at General Dynamics

In other news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the transaction, the director now directly owns 11,175 shares of the company’s stock, valued at $2,857,224. The trade was a 13.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.52% of the company’s stock.

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.