NBT Bank N A NY Has $4.58 Million Holdings in General Dynamics Co. (NYSE:GD)

NBT Bank N A NY boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 0.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,392 shares of the aerospace company’s stock after purchasing an additional 48 shares during the period. NBT Bank N A NY’s holdings in General Dynamics were worth $4,583,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new position in shares of General Dynamics in the third quarter valued at about $71,000. CWA Asset Management Group LLC acquired a new stake in General Dynamics in the 3rd quarter valued at about $741,000. United Bank raised its stake in shares of General Dynamics by 4.0% in the third quarter. United Bank now owns 5,776 shares of the aerospace company’s stock worth $1,746,000 after acquiring an additional 224 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of General Dynamics by 0.5% during the third quarter. Verdence Capital Advisors LLC now owns 8,450 shares of the aerospace company’s stock worth $2,554,000 after purchasing an additional 40 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of General Dynamics by 13.7% during the third quarter. Assetmark Inc. now owns 57,108 shares of the aerospace company’s stock worth $17,258,000 after purchasing an additional 6,861 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. This represents a 13.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GD. Robert W. Baird restated a “neutral” rating and issued a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Wells Fargo & Company boosted their target price on General Dynamics from $244.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Friday. BTIG Research cut General Dynamics from a “buy” rating to a “neutral” rating in a report on Thursday, February 13th. Jefferies Financial Group reissued a “hold” rating and set a $300.00 price objective (down from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. Finally, The Goldman Sachs Group reduced their target price on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $297.71.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $271.82 on Monday. General Dynamics Co. has a 12 month low of $239.87 and a 12 month high of $316.90. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $73.49 billion, a PE ratio of 19.93, a PEG ratio of 1.69 and a beta of 0.59. The stock’s fifty day simple moving average is $257.80 and its 200 day simple moving average is $279.78.

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 the consensus estimate 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, research analysts predict that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics declared that its board has initiated a share buyback program on Wednesday, December 4th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be given a dividend of $1.50 per share. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. This represents a $6.00 annualized dividend and a dividend yield of 2.21%. General Dynamics’s dividend payout ratio is currently 43.99%.

About General Dynamics

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.