3,639 Shares in General Dynamics Co. (NYSE:GD) Purchased by Pines Wealth Management LLC

Pines Wealth Management LLC bought a new stake in General Dynamics Co. (NYSE:GD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,639 shares of the aerospace company's stock, valued at approximately $944,000.

A number of other institutional investors also recently added to or reduced their stakes in GD. Fifth Third Wealth Advisors LLC boosted its stake in shares of General Dynamics by 67.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 8,546 shares of the aerospace company's stock worth $2,583,000 after acquiring an additional 3,448 shares in the last quarter. Olstein Capital Management L.P. increased its position in General Dynamics by 36.4% during the 3rd quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company's stock worth $4,533,000 after purchasing an additional 4,000 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in General Dynamics by 10.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,074 shares of the aerospace company's stock worth $11,204,000 after purchasing an additional 3,363 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in General Dynamics by 69.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 261,992 shares of the aerospace company's stock valued at $69,032,000 after purchasing an additional 107,095 shares during the last quarter. Finally, Lummis Asset Management LP lifted its holdings in General Dynamics by 32.6% in the 3rd quarter. Lummis Asset Management LP now owns 10,368 shares of the aerospace company's stock valued at $3,133,000 after purchasing an additional 2,551 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Stock Performance

GD stock traded up $0.77 during midday trading on Wednesday, reaching $265.89. The company had a trading volume of 1,013,507 shares, compared to its average volume of 1,394,463. The firm has a market capitalization of $73.11 billion, a PE ratio of 20.25, a P/E/G ratio of 1.62 and a beta of 0.61. The stock has a 50 day moving average price of $275.30 and a 200 day moving average price of $288.61. General Dynamics Co. has a fifty-two week low of $247.36 and a fifty-two week high of $316.90. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

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

General Dynamics Announces Dividend

The firm 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 $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, January 17th. General Dynamics's dividend payout ratio (DPR) is 43.26%.

General Dynamics announced that its board has authorized a share repurchase program on Wednesday, December 4th that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. The Goldman Sachs Group lowered General Dynamics from a "neutral" rating to a "sell" rating and cut their target price for the stock from $283.00 to $245.00 in a research report on Thursday, December 12th. Vertical Research lowered General Dynamics from a "buy" rating to a "hold" rating and reduced their price objective for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Wells Fargo & Company dropped their target price on shares of General Dynamics from $295.00 to $279.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 8th. Citigroup increased their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $283.00 price target (down from $345.00) on shares of General Dynamics in a research report on Tuesday. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $304.53.

Insiders Place Their Bets

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.52% of the stock is currently owned by insiders.

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.