DJE Kapital AG Invests $422,000 in General Dynamics Co. (NYSE:GD)

DJE Kapital AG purchased a new position in General Dynamics Co. (NYSE:GD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,600 shares of the aerospace company's stock, valued at approximately $422,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in GD. Financial Life Planners purchased a new position in General Dynamics in the 4th quarter worth $25,000. Hara Capital LLC bought a new position in shares of General Dynamics during the third quarter valued at about $26,000. Whipplewood Advisors LLC bought a new stake in shares of General Dynamics in the 4th quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in General Dynamics in the 4th quarter worth approximately $26,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of General Dynamics in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GD. Citigroup cut 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. Vertical Research downgraded General Dynamics from a "buy" rating to a "hold" rating and reduced their price target for the company from $352.00 to $290.00 in a report on Monday, January 6th. Jefferies Financial Group reaffirmed a "hold" rating and set a $300.00 price target (down previously from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. Wolfe Research lowered General Dynamics from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, December 11th. Finally, Susquehanna decreased their target price on General Dynamics from $315.00 to $300.00 and set a "positive" rating for the company in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $296.71.

Insider Activity 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 stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares of the company's stock, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.52% of the stock is currently owned by insiders.

General Dynamics Stock Down 1.3 %

NYSE:GD traded down $3.36 during trading hours on Tuesday, reaching $250.68. 2,013,286 shares of the company traded hands, compared to its average volume of 1,727,237. General Dynamics Co. has a 1 year low of $239.87 and a 1 year high of $316.90. The stock has a market capitalization of $67.77 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.69 and a beta of 0.61. The business's 50-day moving average price is $258.09 and its two-hundred day moving average price is $280.71. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a yield of 2.27%. General Dynamics's payout ratio is currently 41.64%.

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

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.