Callan Family Office LLC Raises Stock Holdings in General Dynamics Co. (NYSE:GD)

Callan Family Office LLC boosted its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 83.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,989 shares of the aerospace company's stock after acquiring an additional 1,814 shares during the quarter. Callan Family Office LLC's holdings in General Dynamics were worth $1,051,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Financial Life Planners acquired a new position in General Dynamics during the fourth quarter valued at $25,000. Whipplewood Advisors LLC purchased a new position in shares of General Dynamics during the 4th quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Dynamics in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of General Dynamics in the fourth quarter worth about $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in General Dynamics during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the transaction, the director now directly owns 11,175 shares in the company, valued at $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 available through the SEC website. 1.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on GD shares. Deutsche Bank Aktiengesellschaft lowered their price objective on General Dynamics from $303.00 to $295.00 and set a "hold" rating on the stock in a research report on Thursday, January 2nd. Citigroup lowered their price target on shares of General Dynamics from $360.00 to $335.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Wolfe Research cut shares of General Dynamics from an "outperform" rating to a "peer perform" rating in a report on Wednesday, December 11th. Susquehanna lowered their target price on shares of General Dynamics from $315.00 to $300.00 and set a "positive" rating on the stock in a research note on Thursday, January 30th. Finally, Robert W. Baird restated a "neutral" rating and issued a $283.00 price target (down previously from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $297.71.

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General Dynamics Price Performance

General Dynamics stock opened at $271.82 on Friday. The company has a fifty day simple moving average of $257.80 and a 200-day simple moving average of $279.88. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $73.49 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.69 and a beta of 0.59. General Dynamics Co. has a 52-week low of $239.87 and a 52-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 EPS for the quarter, missing analysts' consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. On average, equities analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

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

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a yield of 2.21%. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's payout ratio is 41.64%.

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.

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