Dover Advisors LLC Sells 380 Shares of General Dynamics Co. (NYSE:GD)

Dover Advisors LLC cut its holdings in General Dynamics Co. (NYSE:GD) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,877 shares of the aerospace company’s stock after selling 380 shares during the period. Dover Advisors LLC’s holdings in General Dynamics were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Jeppson Wealth Management LLC lifted its position in shares of General Dynamics by 3.8% during the 3rd quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock valued at $289,000 after buying an additional 35 shares during the last quarter. Community Bank N.A. raised its stake in General Dynamics by 0.6% in the 3rd quarter. Community Bank N.A. now owns 5,461 shares of the aerospace company’s stock valued at $1,650,000 after acquiring an additional 35 shares during the period. United Asset Strategies Inc. lifted its holdings in General Dynamics by 1.2% during the third quarter. United Asset Strategies Inc. now owns 3,013 shares of the aerospace company’s stock valued at $911,000 after purchasing an additional 37 shares during the last quarter. Forum Financial Management LP boosted its position in General Dynamics by 1.8% during the third quarter. Forum Financial Management LP now owns 2,042 shares of the aerospace company’s stock worth $617,000 after purchasing an additional 37 shares during the period. Finally, Freedom Investment Management Inc. increased its stake in shares of 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 purchasing an additional 37 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GD. Wolfe Research cut shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. BTIG Research downgraded General Dynamics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. cut their price target on General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Barclays decreased their price objective on General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, Baird R W downgraded 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, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $298.59.

Insiders Place Their Bets

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction 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 directly owns 11,175 shares of the company’s stock, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.52% of the stock is owned by insiders.

General Dynamics Price Performance

GD stock opened at $243.02 on Monday. The firm has a 50 day simple moving average of $259.68 and a two-hundred day simple moving average of $282.49. The stock has a market cap of $65.70 billion, a PE ratio of 17.82, a P/E/G ratio of 1.69 and a beta of 0.61. General Dynamics Co. has a one year low of $239.87 and a one 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 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. On average, analysts predict that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

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 2.34%. General Dynamics’s payout ratio is 41.64%.

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

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.