General Dynamics Co. (NYSE:GD) Stock Position Decreased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lowered its holdings in General Dynamics Co. (NYSE:GD) by 27.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,088 shares of the aerospace company’s stock after selling 771 shares during the period. Dynamic Advisor Solutions LLC’s holdings in General Dynamics were worth $550,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. MFA Wealth Advisors LLC grew its position in General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 58 shares during the last quarter. Hara Capital LLC acquired a new stake in General Dynamics in the 3rd quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in General Dynamics during the 4th quarter valued at $28,000. Lowe Wealth Advisors LLC acquired a new position in General Dynamics during the 3rd quarter worth $30,000. Finally, True Wealth Design LLC bought a new position in shares of General Dynamics in the third quarter worth $34,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Up 1.2 %

General Dynamics stock opened at $269.64 on Tuesday. The firm has a market cap of $74.14 billion, a PE ratio of 20.54, a P/E/G ratio of 1.43 and a beta of 0.61. General Dynamics Co. has a twelve month low of $257.26 and a twelve month high of $316.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The firm’s 50 day moving average price is $269.27 and its two-hundred day moving average price is $287.74.

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

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

Insiders Place Their Bets

In related news, VP Christopher J. Brady sold 5,540 shares of the firm’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 approximately $5,701,349.36. This trade represents a 21.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on GD shares. Wells Fargo & Company lowered their target price on shares of General Dynamics from $295.00 to $279.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 price target (down from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. Baird R W cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Sanford C. Bernstein cut their target price on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group lowered shares of General Dynamics from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $283.00 to $245.00 in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $304.88.

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.