S.E.E.D. Planning Group LLC Buys 445 Shares of General Dynamics Co. (NYSE:GD)

S.E.E.D. Planning Group LLC increased its stake in shares of General Dynamics Co. (NYSE:GD) by 10.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,626 shares of the aerospace company’s stock after purchasing an additional 445 shares during the period. S.E.E.D. Planning Group LLC’s holdings in General Dynamics were worth $1,219,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of General Dynamics by 40,389.3% in the third quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company’s stock worth $416,876,000 after buying an additional 1,376,065 shares in the last quarter. State Street Corp grew its stake in General Dynamics by 9.4% during the third quarter. State Street Corp now owns 10,945,110 shares of the aerospace company’s stock valued at $3,307,612,000 after acquiring an additional 943,247 shares in the last quarter. Geode Capital Management LLC increased its holdings in General Dynamics by 13.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company’s stock worth $1,674,998,000 after acquiring an additional 638,342 shares during the period. Two Sigma Advisers LP lifted its stake in General Dynamics by 117.0% in the 3rd quarter. Two Sigma Advisers LP now owns 858,600 shares of the aerospace company’s stock worth $259,469,000 after purchasing an additional 463,000 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in General Dynamics by 2,189.3% in the 2nd quarter. 1832 Asset Management L.P. now owns 374,207 shares of the aerospace company’s stock valued at $108,572,000 after purchasing an additional 357,861 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

NYSE GD opened at $264.92 on Wednesday. The firm has a market cap of $72.84 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.62 and a beta of 0.61. The company has a 50-day simple moving average of $275.30 and a two-hundred day simple moving average of $288.61. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. General Dynamics Co. has a 12-month low of $247.36 and a 12-month high of $316.90.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.04 earnings per share. On average, equities analysts forecast that General Dynamics Co. will post 13.84 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.14%. General Dynamics’s payout ratio is currently 43.26%.

General Dynamics announced that its board has authorized a stock repurchase plan on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

GD has been the topic of a number of recent analyst reports. Baird R W downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Barclays decreased their target price on General Dynamics from $330.00 to $305.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Citigroup upped their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Vertical Research downgraded shares of General Dynamics from a “buy” rating to a “hold” rating and lowered their target price for the company from $352.00 to $290.00 in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, General Dynamics currently has an average rating of “Hold” and a consensus price target of $304.53.

Insiders Place Their Bets

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the 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 completion of the sale, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.52% of the company’s stock.

General Dynamics 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.