HB Wealth Management LLC Buys 943 Shares of General Dynamics Co. (NYSE:GD)

HB Wealth Management LLC raised its stake in shares of General Dynamics Co. (NYSE:GD - Free Report) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,643 shares of the aerospace company's stock after purchasing an additional 943 shares during the quarter. HB Wealth Management LLC's holdings in General Dynamics were worth $8,601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. MFA Wealth Advisors LLC increased its position in shares of General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company's stock worth $25,000 after purchasing an additional 58 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of General Dynamics during the third quarter worth approximately $26,000. Lowe Wealth Advisors LLC bought a new position in shares of General Dynamics in the third quarter valued at approximately $30,000. True Wealth Design LLC acquired a new position in shares of General Dynamics in the 3rd quarter worth approximately $34,000. Finally, Coston McIsaac & Partners grew its position 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. 86.14% of the stock is currently owned by institutional investors.

Insider Activity

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction dated 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 in the company, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on GD shares. Sanford C. Bernstein reduced their price objective 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. Barclays reduced their price target on shares of General Dynamics from $330.00 to $305.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $300.00 target price (down from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Wolfe Research cut shares of General Dynamics from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, December 11th. Finally, Baird R W cut shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $304.53.

General Dynamics Trading Down 0.7 %

General Dynamics stock traded down $1.97 during midday trading on Friday, hitting $266.86. 1,543,957 shares of the stock were exchanged, compared to its average volume of 1,419,689. The stock has a market capitalization of $73.38 billion, a PE ratio of 20.32, a P/E/G ratio of 1.38 and a beta of 0.61. The company has a fifty day simple moving average of $272.86 and a two-hundred day simple moving average of $288.19. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. General Dynamics Co. has a 52 week low of $247.36 and a 52 week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly 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). The firm 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 company's revenue for the quarter 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. Equities research analysts anticipate that General Dynamics Co. will post 13.81 EPS for the current fiscal year.

General Dynamics announced that its Board of Directors has approved a share buyback program on Wednesday, December 4th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, January 17th. General Dynamics's dividend payout ratio is currently 43.26%.

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.