Guided Capital Wealth Management LLC Makes New $890,000 Investment in General Dynamics Co. (NYSE:GD)

Guided Capital Wealth Management LLC purchased a new position in shares of General Dynamics Co. (NYSE:GD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,377 shares of the aerospace company's stock, valued at approximately $890,000. General Dynamics comprises approximately 0.8% of Guided Capital Wealth Management LLC's investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GD. MFA Wealth Advisors LLC increased its stake 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 during the last quarter. Hara Capital LLC bought a new position in General Dynamics during the third quarter valued at $26,000. Financial Life Planners purchased a new stake in General Dynamics in the fourth quarter worth $25,000. Heck Capital Advisors LLC purchased a new position in shares of General Dynamics during the 4th quarter valued at $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of General Dynamics during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GD shares. UBS Group dropped their price objective on shares of General Dynamics from $337.00 to $281.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price target on shares of General Dynamics from $307.00 to $284.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Wolfe Research lowered shares of General Dynamics from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, December 11th. Barclays dropped their target price on General Dynamics from $305.00 to $285.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Dynamics from $303.00 to $295.00 and set a "hold" rating on the stock in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $298.59.

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General Dynamics Trading Down 1.7 %

General Dynamics stock traded down $4.18 during trading hours on Friday, reaching $241.98. The company had a trading volume of 2,762,958 shares, compared to its average volume of 1,659,087. The company has a 50-day moving average price of $261.96 and a 200 day moving average price of $284.25. General Dynamics Co. has a 12-month low of $239.87 and a 12-month high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The firm has a market cap of $65.42 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 1.61 and a beta of 0.61.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 EPS 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%. Equities analysts forecast that General Dynamics Co. will post 14.84 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were paid a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.35%. General Dynamics's dividend payout ratio (DPR) is presently 41.64%.

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

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the sale, the vice president now directly owns 20,296 shares in the company, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Laura J. Schumacher sold 1,796 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the transaction, the director now owns 11,175 shares in the company, valued at $2,857,224. This trade represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

General Dynamics Profile

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.