General Dynamics Co. (NYSE:GD) Position Increased by Allworth Financial LP

Allworth Financial LP raised its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 4.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 26,755 shares of the aerospace company's stock after acquiring an additional 1,112 shares during the period. Allworth Financial LP's holdings in General Dynamics were worth $7,193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GD. MFA Wealth Advisors LLC increased its holdings in shares of General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company's stock worth $25,000 after buying an additional 58 shares during the last quarter. Financial Life Planners purchased a new stake in General Dynamics during the 4th quarter worth $25,000. Hara Capital LLC purchased a new stake in General Dynamics during the 3rd quarter worth $26,000. Sugar Maple Asset Management LLC purchased a new stake in General Dynamics during the 4th quarter worth $28,000. Finally, Heck Capital Advisors LLC purchased a new stake in General Dynamics during the 4th quarter worth $28,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Down 1.7 %

Shares of General Dynamics stock traded down $4.18 during trading on Monday, reaching $241.98. The company had a trading volume of 2,762,958 shares, compared to its average volume of 1,659,087. The company has a market cap of $66.54 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 1.61 and a beta of 0.61. The firm's fifty day moving average is $261.96 and its 200-day moving average is $284.09. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a fifty-two week low of $239.87 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, analysts anticipate that General Dynamics Co. will post 14.84 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were paid a dividend of $1.42 per share. The ex-dividend date was Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.35%. General Dynamics's dividend payout ratio (DPR) is 41.64%.

General Dynamics declared that its board has initiated a stock repurchase plan on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

GD has been the subject of a number of research reports. Baird R W cut shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. The Goldman Sachs Group decreased their price target on shares of General Dynamics from $245.00 to $241.00 and set a "sell" rating for the company in a research report on Tuesday, January 28th. UBS Group decreased their price target on shares of General Dynamics from $337.00 to $281.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Jefferies Financial Group reissued a "hold" rating and issued a $300.00 price objective (down from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. Finally, Royal Bank of Canada decreased their price objective on shares of General Dynamics from $290.00 to $280.00 and set a "sector perform" rating for the company in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, General Dynamics has an average rating of "Hold" and an average price target of $298.59.

Insider Buying and Selling

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the firm's stock in a transaction that occurred 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 owns 20,296 shares in the company, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura J. Schumacher sold 1,796 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now owns 11,175 shares in the company, valued at $2,857,224. The trade was a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

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.