Peak Financial Advisors LLC Sells 5,410 Shares of General Dynamics Co. (NYSE:GD)

Peak Financial Advisors LLC cut its stake in shares of General Dynamics Co. (NYSE:GD - Free Report) by 54.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,591 shares of the aerospace company's stock after selling 5,410 shares during the quarter. Peak Financial Advisors LLC's holdings in General Dynamics were worth $1,210,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GD. International Assets Investment Management LLC grew its holdings in shares of General Dynamics by 40,389.3% during the third quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company's stock worth $416,876,000 after purchasing an additional 1,376,065 shares during the last quarter. State Street Corp grew its holdings in General Dynamics by 9.4% during the 3rd quarter. State Street Corp now owns 10,945,110 shares of the aerospace company's stock worth $3,307,612,000 after acquiring an additional 943,247 shares during the last quarter. Geode Capital Management LLC increased its position in General Dynamics by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company's stock valued at $1,674,998,000 after acquiring an additional 638,342 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of General Dynamics by 117.0% in the third quarter. Two Sigma Advisers LP now owns 858,600 shares of the aerospace company's stock worth $259,469,000 after acquiring an additional 463,000 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in shares of General Dynamics by 2,189.3% during the second quarter. 1832 Asset Management L.P. now owns 374,207 shares of the aerospace company's stock worth $108,572,000 after purchasing an additional 357,861 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GD. Baird R W cut shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Seaport Res Ptn downgraded General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft decreased their price target 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 price objective (down from $345.00) on shares of General Dynamics in a report on Tuesday. Finally, Citigroup lifted their price target on shares of General Dynamics from $331.00 to $354.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $304.53.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the sale, the vice president now owns 20,296 shares in the company, valued at $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.52% of the company's stock.

General Dynamics Stock Up 0.3 %

Shares of GD traded up $0.77 on Wednesday, hitting $265.89. The company's stock had a trading volume of 626,134 shares, compared to its average volume of 1,333,547. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $73.11 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.62 and a beta of 0.61. The firm's fifty day moving average price is $275.30 and its 200-day moving average price is $288.61. General Dynamics Co. has a fifty-two week low of $247.36 and a fifty-two week high of $316.90.

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 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 company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same period in the previous year, the company posted $3.04 earnings per share. General Dynamics's revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts expect that General Dynamics Co. will post 13.84 EPS for the current year.

General Dynamics Announces Dividend

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 given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.14%. General Dynamics's dividend payout ratio (DPR) is presently 43.26%.

General Dynamics declared that its board has approved a share buyback program on Wednesday, December 4th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

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.