Farther Finance Advisors LLC Acquires 1,811 Shares of General Dynamics Co. (NYSE:GD)

Farther Finance Advisors LLC increased its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,921 shares of the aerospace company's stock after purchasing an additional 1,811 shares during the quarter. Farther Finance Advisors LLC's holdings in General Dynamics were worth $3,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Financial Life Planners bought a new stake in General Dynamics in the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC purchased a new position in shares of General Dynamics in the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Dynamics in the 4th quarter worth $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Dynamics in the fourth quarter worth $28,000. Finally, Heck Capital Advisors LLC purchased a new stake in General Dynamics during the fourth quarter valued at $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Down 1.5 %

Shares of NYSE:GD opened at $260.21 on Thursday. General Dynamics Co. has a 12 month low of $239.87 and a 12 month high of $316.90. 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 company has a 50-day moving average price of $257.92 and a 200 day moving average price of $279.30. The company has a market cap of $70.35 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.69 and a beta of 0.59.

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General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results 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 net margin of 7.93% and a return on equity of 17.10%. As a group, equities research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's payout ratio is currently 43.99%.

General Dynamics declared that its board has approved a stock buyback program 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. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have issued reports on GD. Baird R W cut General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. 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. Wolfe Research cut shares of General Dynamics from an "outperform" rating to a "peer perform" rating in a report on Wednesday, December 11th. BTIG Research cut shares of General Dynamics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 13th. Finally, William Blair lowered General Dynamics from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, General Dynamics has an average rating of "Hold" and a consensus price target of $297.71.

Insider Buying and Selling

In related news, Director Laura J. Schumacher sold 1,796 shares of the company'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 completion of the sale, the director now directly owns 11,175 shares of the company's stock, valued at $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the transaction, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. This trade represents a 37.88 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by insiders.

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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