Vontobel Holding Ltd. Sells 1,347 Shares of General Dynamics Co. (NYSE:GD)

Vontobel Holding Ltd. decreased its stake in General Dynamics Co. (NYSE:GD) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,488 shares of the aerospace company’s stock after selling 1,347 shares during the period. Vontobel Holding Ltd.’s holdings in General Dynamics were worth $5,925,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in GD. MFA Wealth Advisors LLC raised its position in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 58 shares during the period. Financial Life Planners bought a new stake in shares of General Dynamics in the fourth quarter valued at approximately $25,000. Hara Capital LLC bought a new stake in shares of General Dynamics in the third quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Dynamics in the fourth quarter valued at approximately $28,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of General Dynamics in the fourth quarter valued at approximately $28,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

NYSE:GD opened at $241.98 on Friday. The business has a 50 day moving average of $261.96 and a 200 day moving average of $284.25. The company has a market capitalization of $65.42 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 1.61 and a beta of 0.61. 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.

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 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%. On average, sell-side analysts predict that General Dynamics Co. will post 14.84 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were given a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a yield of 2.35%. General Dynamics’s payout ratio is 41.64%.

General Dynamics declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 4th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GD shares. BTIG Research lowered shares of General Dynamics from a “buy” rating to a “neutral” rating in a research report on Thursday. Citigroup lowered their price target on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Sanford C. Bernstein lowered their target price on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Jefferies Financial Group restated a “hold” rating and set a $300.00 price target (down from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $298.59.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, 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 completion of the sale, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Corporate 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.