Financial & Tax Architects LLC Has $400,000 Stock Position in General Dynamics Co. (NYSE:GD)

Financial & Tax Architects LLC cut its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 92.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,518 shares of the aerospace company's stock after selling 17,820 shares during the period. Financial & Tax Architects LLC's holdings in General Dynamics were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. MFA Wealth Advisors LLC increased its holdings in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 58 shares during the last quarter. Hara Capital LLC acquired a new position in shares of General Dynamics during the 3rd quarter worth about $26,000. Lowe Wealth Advisors LLC bought a new stake in shares of General Dynamics in the 3rd quarter valued at about $30,000. True Wealth Design LLC acquired a new stake in shares of General Dynamics in the 3rd quarter valued at approximately $34,000. Finally, Coston McIsaac & Partners boosted its stake in General Dynamics by 22.8% during the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company's stock worth $53,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GD shares. The Goldman Sachs Group lowered shares of General Dynamics from a "neutral" rating to a "sell" rating and cut their target price for the stock from $283.00 to $245.00 in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft cut their price objective on General Dynamics from $303.00 to $295.00 and set a "hold" rating on the stock in a report on Thursday, January 2nd. Robert W. Baird reissued a "neutral" rating and set a $283.00 target price (down from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. TD Cowen upgraded shares of General Dynamics to a "strong-buy" rating in a report on Tuesday, October 8th. Finally, Sanford C. Bernstein dropped their price target on General Dynamics from $343.00 to $331.00 and set a "market perform" rating on the stock in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $304.53.

General Dynamics Stock Performance

General Dynamics stock traded down $1.97 during trading hours on Friday, hitting $266.86. The company had a trading volume of 1,543,957 shares, compared to its average volume of 1,419,689. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The firm has a 50-day moving average of $272.86 and a 200 day moving average of $288.19. General Dynamics Co. has a one year low of $247.36 and a one year high of $316.90. The firm has a market cap of $73.38 billion, a PE ratio of 20.32, a PEG ratio of 1.38 and a beta of 0.61.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same quarter in the previous year, the company earned $3.04 EPS. The business's revenue for the quarter was up 10.4% on a year-over-year basis. On average, sell-side analysts expect that General Dynamics Co. will post 13.81 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, January 17th. General Dynamics's dividend payout ratio (DPR) is presently 43.26%.

General Dynamics announced that its board has authorized a share repurchase program on Wednesday, December 4th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other news, VP Christopher J. Brady sold 5,540 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the transaction, the vice president now owns 20,296 shares of the company's stock, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company 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.