General Dynamics Co. (NYSE:GD) Shares Purchased by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. raised its holdings in General Dynamics Co. (NYSE:GD) by 237.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297 shares of the aerospace company’s stock after buying an additional 209 shares during the quarter. ST Germain D J Co. Inc.’s holdings in General Dynamics were worth $78,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GD. MFA Wealth Advisors LLC boosted its position 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 purchased a new stake in shares of General Dynamics during the 3rd quarter valued at $26,000. Lowe Wealth Advisors LLC purchased a new position in shares of General Dynamics in the 3rd quarter worth $30,000. True Wealth Design LLC acquired a new position in General Dynamics in the third quarter valued at $34,000. Finally, Meeder Asset Management Inc. grew its position in General Dynamics by 385.2% during the second quarter. Meeder Asset Management Inc. now owns 131 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 104 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other 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 transaction of $1,556,241.40. Following the completion of the transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.52% of the stock is owned by insiders.

General Dynamics Price Performance

GD opened at $259.38 on Friday. The company has a market capitalization of $71.32 billion, a P/E ratio of 19.75, a PEG ratio of 1.62 and a beta of 0.61. The company has a 50-day moving average of $276.54 and a 200-day moving average of $289.03. 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 1-year low of $247.36 and a 1-year high of $316.90.

General Dynamics (NYSE:GD) last announced 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). The firm had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.04 EPS. Equities analysts expect that General Dynamics Co. will post 13.84 EPS for the current fiscal year.

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

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Friday, January 17th. General Dynamics’s dividend payout ratio is presently 43.26%.

Wall Street Analyst Weigh In

GD has been the topic of several research analyst reports. Royal Bank of Canada lowered General Dynamics from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $330.00 to $290.00 in a research note on Thursday, December 19th. Barclays reduced their price target on shares of General Dynamics from $330.00 to $305.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Sanford C. Bernstein dropped their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Susquehanna reduced their target price on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a report on Wednesday. Finally, Vertical Research downgraded General Dynamics from a “buy” rating to a “hold” rating and lowered their price target for the company from $352.00 to $290.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and an average target price of $308.18.

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.