Bogart Wealth LLC Raises Position in General Dynamics Co. (NYSE:GD)

Bogart Wealth LLC grew its position in General Dynamics Co. (NYSE:GD - Free Report) by 48.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,705 shares of the aerospace company's stock after acquiring an additional 9,759 shares during the quarter. Bogart Wealth LLC's holdings in General Dynamics were worth $7,827,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GD. Creative Planning lifted its position in shares of General Dynamics by 4.2% in the third quarter. Creative Planning now owns 46,948 shares of the aerospace company's stock valued at $14,188,000 after acquiring an additional 1,906 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of General Dynamics by 2.9% in the third quarter. Cornerstone Wealth Management LLC now owns 5,775 shares of the aerospace company's stock valued at $1,745,000 after acquiring an additional 162 shares in the last quarter. Kowal Investment Group LLC lifted its position in shares of General Dynamics by 2.0% in the third quarter. Kowal Investment Group LLC now owns 3,110 shares of the aerospace company's stock valued at $940,000 after acquiring an additional 61 shares in the last quarter. Mezzasalma Advisors LLC lifted its position in shares of General Dynamics by 8.3% in the third quarter. Mezzasalma Advisors LLC now owns 1,602 shares of the aerospace company's stock valued at $484,000 after acquiring an additional 123 shares in the last quarter. Finally, Good Life Advisors LLC lifted its position in shares of General Dynamics by 114.1% in the third quarter. Good Life Advisors LLC now owns 9,372 shares of the aerospace company's stock valued at $2,831,000 after acquiring an additional 4,995 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Stock Up 0.2 %

GD traded up $0.52 on Tuesday, hitting $242.46. 2,113,467 shares of the company were exchanged, compared to its average volume of 1,729,067. General Dynamics Co. has a twelve month low of $239.87 and a twelve month high of $316.90. The company has a market cap of $66.67 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.61 and a beta of 0.61. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $261.40 and a two-hundred day moving average price of $283.72.

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 (EPS) 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, equities analysts predict that General Dynamics Co. will post 14.84 earnings per share for the current year.

General Dynamics declared that its board has initiated a stock buyback program on Wednesday, December 4th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.34%. General Dynamics's dividend payout ratio is currently 41.64%.

Insider Transactions at General Dynamics

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein decreased their target price on General Dynamics from $343.00 to $331.00 and set a "market perform" rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group reiterated a "hold" rating and set a $300.00 price objective (down previously from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. Robert W. Baird reiterated a "neutral" rating and set a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Barclays reduced their price objective on General Dynamics from $305.00 to $285.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their price objective on General Dynamics from $279.00 to $276.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $298.59.

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.