Corps Capital Advisors LLC Takes $1.34 Million Position in General Dynamics Co. (NYSE:GD)

Corps Capital Advisors 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,071 shares of the aerospace company's stock, valued at approximately $1,336,000. General Dynamics accounts for about 1.4% of Corps Capital Advisors LLC's portfolio, making the stock its 27th biggest position.

Several other institutional investors have also recently made changes to their positions in GD. MFA Wealth Advisors LLC grew its stake in General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company's stock worth $25,000 after acquiring an additional 58 shares in the last quarter. Financial Life Planners bought a new position in shares of General Dynamics during the 4th quarter worth $25,000. Hara Capital LLC bought a new stake in General Dynamics during the third quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new position in General Dynamics in the fourth quarter worth about $28,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of General Dynamics during the fourth quarter valued at about $28,000. Institutional investors own 86.14% of the company's stock.

General Dynamics Stock Performance

NYSE:GD traded down $3.23 during trading hours on Friday, reaching $242.97. The company had a trading volume of 1,391,590 shares, compared to its average volume of 1,716,584. The firm has a market cap of $65.69 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.68 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The business's 50 day moving average price is $260.08 and its 200-day moving average price is $282.84. General Dynamics Co. has a 1-year low of $239.87 and a 1-year high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results 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%. Research analysts forecast that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

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

General Dynamics declared that its board has authorized a stock repurchase plan on Wednesday, December 4th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

GD has been the subject of several recent analyst reports. Wolfe Research lowered shares of General Dynamics from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, December 11th. 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, January 14th. JPMorgan Chase & Co. dropped their target price on shares of General Dynamics from $307.00 to $284.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Baird R W cut shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Barclays dropped their price objective on shares of General Dynamics from $305.00 to $285.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $298.59.

Insider Activity

In related news, Director Laura J. Schumacher sold 1,796 shares of the firm'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 of the company's stock, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.52% of the company's stock.

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.