Nabity Jensen Investment Management Inc Buys Shares of 1,431 General Dynamics Co. (NYSE:GD)

Nabity Jensen Investment Management Inc purchased a new position in shares of General Dynamics Co. (NYSE:GD) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 1,431 shares of the aerospace company’s stock, valued at approximately $432,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MFA Wealth Advisors LLC boosted its stake in shares of General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares in the last quarter. Hara Capital LLC acquired a new position in shares of General Dynamics during the 3rd quarter worth $26,000. American Capital Advisory LLC purchased a new position in shares of General Dynamics in the 2nd quarter valued at about $29,000. Lowe Wealth Advisors LLC purchased a new stake in General Dynamics during the third quarter worth about $30,000. Finally, Atlantic Edge Private Wealth Management LLC grew its position in General Dynamics by 120.0% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after buying an additional 60 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Susquehanna raised their price target on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Royal Bank of Canada raised their target price on shares of General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the company’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 transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This represents a 21.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. This represents a 26.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

General Dynamics Trading Down 1.2 %

Shares of GD opened at $271.80 on Monday. The stock’s fifty day simple moving average is $295.43 and its 200 day simple moving average is $294.79. General Dynamics Co. has a twelve month low of $247.36 and a twelve month high of $316.90. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $74.74 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 1.67 and a beta of 0.60.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same period in the previous year, the company earned $3.04 EPS. General Dynamics’s revenue was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that General Dynamics Co. will post 13.87 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be paid a $1.42 dividend. The ex-dividend date is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.09%. General Dynamics’s dividend payout ratio (DPR) is currently 43.26%.

General Dynamics declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 4th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.