Pennsylvania Capital Management Inc. ADV Cuts Holdings in General Dynamics Co. (NYSE:GD)

Pennsylvania Capital Management Inc. ADV reduced its position in General Dynamics Co. (NYSE:GD) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,324 shares of the aerospace company’s stock after selling 105 shares during the period. Pennsylvania Capital Management Inc. ADV’s holdings in General Dynamics were worth $349,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Czech National Bank lifted its position in General Dynamics by 21.3% during the third quarter. Czech National Bank now owns 52,532 shares of the aerospace company’s stock valued at $15,875,000 after purchasing an additional 9,208 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of General Dynamics by 17.2% in the 3rd quarter. GAMMA Investing LLC now owns 3,834 shares of the aerospace company’s stock valued at $1,159,000 after acquiring an additional 563 shares during the last quarter. WealthBridge Capital Management LLC purchased a new position in General Dynamics in the third quarter worth about $250,000. Diversified Trust Co increased its stake in General Dynamics by 7.1% during the third quarter. Diversified Trust Co now owns 2,163 shares of the aerospace company’s stock worth $654,000 after acquiring an additional 143 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its position in General Dynamics by 26.6% during the third quarter. Miracle Mile Advisors LLC now owns 2,486 shares of the aerospace company’s stock valued at $751,000 after purchasing an additional 523 shares during the period. 86.14% of the stock is owned by institutional investors.

General Dynamics Price Performance

GD opened at $256.80 on Tuesday. The firm has a market capitalization of $70.61 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.46 and a beta of 0.61. The business’s 50-day moving average is $267.05 and its two-hundred day moving average is $286.76. General Dynamics Co. has a 1 year low of $247.01 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.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) 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%. Research analysts anticipate that General Dynamics Co. will post 14.88 earnings per share for the current fiscal year.

General Dynamics announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 4th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be issued a dividend of $1.42 per share. The ex-dividend date is Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.21%. General Dynamics’s dividend payout ratio is presently 41.64%.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GD. Barclays dropped their price target on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Tuesday. Wells Fargo & Company cut their target price on General Dynamics from $279.00 to $276.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Royal Bank of Canada reduced their target price on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 30th. Finally, Baird R W lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and a consensus price target of $300.06.

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.