Apella Capital LLC Has $7.46 Million Holdings in General Dynamics Co. (NYSE:GD)

Apella Capital LLC lowered its position in General Dynamics Co. (NYSE:GD) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,303 shares of the aerospace company’s stock after selling 541 shares during the period. Apella Capital LLC’s holdings in General Dynamics were worth $7,458,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. MFA Wealth Advisors LLC raised 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 worth $25,000 after acquiring an additional 58 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of General Dynamics in the third quarter valued at approximately $26,000. Lowe Wealth Advisors LLC bought a new position in General Dynamics in the 3rd quarter worth approximately $30,000. True Wealth Design LLC bought a new position in General Dynamics in the 3rd quarter worth approximately $34,000. Finally, Coston McIsaac & Partners lifted its holdings in General Dynamics by 22.8% during the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock worth $53,000 after buying an additional 33 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction 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 sale, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.52% of the stock is owned by insiders.

General Dynamics Price Performance

NYSE GD opened at $264.92 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. General Dynamics Co. has a 52-week low of $247.36 and a 52-week high of $316.90. The business has a 50 day simple moving average of $275.30 and a 200 day simple moving average of $288.61. The stock has a market cap of $72.84 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.62 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.04 earnings per share. Analysts anticipate that General Dynamics Co. will post 13.84 earnings per share for the current fiscal year.

General Dynamics announced that its board has initiated 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 buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors 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 dividend on an annualized basis and a dividend yield of 2.14%. General Dynamics’s payout ratio is presently 43.26%.

Analyst Upgrades and Downgrades

GD has been the subject of a number of recent research reports. Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Baird R W cut General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Vertical Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating and reduced their target price for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Barclays dropped their price target on shares of General Dynamics from $330.00 to $305.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, The Goldman Sachs Group lowered shares of General Dynamics from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $283.00 to $245.00 in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $304.53.

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.