Dudley Capital Management LLC Sells 50 Shares of General Dynamics Co. (NYSE:GD)

Dudley Capital Management LLC cut its stake in shares of General Dynamics Co. (NYSE:GD) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,789 shares of the aerospace company’s stock after selling 50 shares during the quarter. Dudley Capital Management LLC’s holdings in General Dynamics were worth $998,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GD. Community Bank N.A. grew its holdings in General Dynamics by 0.6% during 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. Freedom Investment Management Inc. boosted its position in General Dynamics by 0.9% in the 3rd quarter. Freedom Investment Management Inc. now owns 4,344 shares of the aerospace company’s stock worth $1,313,000 after purchasing an additional 37 shares in the last quarter. Purus Wealth Management LLC grew its stake in shares of General Dynamics by 1.5% during the 4th quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock worth $701,000 after purchasing an additional 39 shares during the period. Armstrong Advisory Group Inc. increased its holdings in shares of General Dynamics by 4.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company’s stock valued at $277,000 after purchasing an additional 40 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY lifted its stake in shares of General Dynamics by 4.2% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,012 shares of the aerospace company’s stock valued at $306,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the sale, the senior vice president now owns 45,192 shares in the company, valued at $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the transaction, the director now owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

General Dynamics Trading Up 1.0 %

Shares of General Dynamics stock opened at $265.94 on Tuesday. General Dynamics Co. has a 1-year low of $239.87 and a 1-year high of $316.90. 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 stock has a market cap of $71.90 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.69 and a beta of 0.59. The stock’s 50 day simple moving average is $258.54 and its 200-day simple moving average is $277.45.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Analysts predict that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics declared that its board has authorized a share buyback program on Wednesday, December 4th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 dividend on an annualized basis and a yield of 2.26%. General Dynamics’s payout ratio is 43.99%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GD shares. Deutsche Bank Aktiengesellschaft dropped their target price on General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Royal Bank of Canada lowered their price target on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Barclays decreased their target price 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. Finally, Wolfe Research lowered shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $297.71.

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.