Arkadios Wealth Advisors Has $5.32 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

Arkadios Wealth Advisors lifted its position in General Dynamics Co. (NYSE:GD - Free Report) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,199 shares of the aerospace company's stock after acquiring an additional 2,323 shares during the quarter. Arkadios Wealth Advisors' holdings in General Dynamics were worth $5,322,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. InTrack Investment Management Inc bought a new position in General Dynamics in the fourth quarter worth about $546,000. Brooklyn Investment Group raised its position in shares of General Dynamics by 28.6% during the 4th quarter. Brooklyn Investment Group now owns 1,147 shares of the aerospace company's stock worth $302,000 after purchasing an additional 255 shares during the period. Somerset Trust Co lifted its holdings in shares of General Dynamics by 2.5% in the 4th quarter. Somerset Trust Co now owns 14,502 shares of the aerospace company's stock worth $3,821,000 after purchasing an additional 354 shares during the last quarter. Professional Advisory Services Inc. boosted its position in General Dynamics by 5.7% during the 4th quarter. Professional Advisory Services Inc. now owns 78,209 shares of the aerospace company's stock valued at $20,607,000 after purchasing an additional 4,211 shares during the period. Finally, Merit Financial Group LLC grew its stake in General Dynamics by 23.4% during the 4th quarter. Merit Financial Group LLC now owns 8,653 shares of the aerospace company's stock worth $2,280,000 after buying an additional 1,641 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Vertical Research cut General Dynamics from a "buy" rating to a "hold" rating and cut their target price for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Baird R W lowered shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Jefferies Financial Group restated a "hold" rating and issued a $300.00 price target (down previously from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Wolfe Research downgraded General Dynamics from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, December 11th. Finally, Sanford C. Bernstein lowered their target price on General Dynamics from $343.00 to $331.00 and set a "market perform" rating on the stock in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $304.53.

General Dynamics Price Performance

GD stock traded down $1.97 on Friday, hitting $266.86. 1,543,957 shares of the company's stock traded hands, compared to its average volume of 1,419,689. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The stock has a market cap of $73.38 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 1.38 and a beta of 0.61. General Dynamics Co. has a 1-year low of $247.36 and a 1-year high of $316.90. The stock has a fifty day moving average of $272.86 and a 200-day moving average of $288.19.

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

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be issued a dividend of $1.42 per share. The ex-dividend date is Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.13%. General Dynamics's payout ratio is presently 43.26%.

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

Insider Buying and Selling at General Dynamics

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

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.