Persium Advisors LLC Makes New $500,000 Investment in General Dynamics Co. (NYSE:GD)

Persium Advisors LLC purchased a new stake in General Dynamics Co. (NYSE:GD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,899 shares of the aerospace company's stock, valued at approximately $500,000.

Other institutional investors have also recently made changes to their positions in the company. 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 valued at $53,000 after purchasing an additional 33 shares during the last quarter. Global X Japan Co. Ltd. boosted its position in shares of General Dynamics by 2.3% during the third quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company's stock valued at $448,000 after buying an additional 33 shares during the last quarter. Grove Bank & Trust grew its holdings in General Dynamics by 10.6% during the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company's stock worth $107,000 after buying an additional 34 shares in the last quarter. Trueblood Wealth Management LLC raised its position in General Dynamics by 1.6% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company's stock valued at $672,000 after buying an additional 34 shares during the last quarter. Finally, Rathbones Group PLC lifted its stake in General Dynamics by 1.8% during the 2nd quarter. Rathbones Group PLC now owns 2,022 shares of the aerospace company's stock valued at $587,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Trading Up 1.7 %

Shares of GD stock traded up $4.35 on Monday, hitting $263.73. 1,359,979 shares of the company's stock traded hands, compared to its average volume of 1,491,668. The stock has a market capitalization of $72.52 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.62 and a beta of 0.61. The company's fifty day simple moving average is $275.94 and its 200 day simple moving average is $288.79. General Dynamics Co. has a one year low of $247.36 and a one year high of $316.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results 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 analysts' expectations of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.04 earnings per share. Equities analysts forecast that General Dynamics Co. will post 13.84 EPS for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.15%. General Dynamics's dividend payout ratio is currently 43.26%.

General Dynamics announced that its board has authorized 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 repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GD shares. Deutsche Bank Aktiengesellschaft dropped 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. Barclays cut their price target on shares of General Dynamics from $330.00 to $305.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. The Goldman Sachs Group downgraded shares of General Dynamics from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $283.00 to $245.00 in a report on Thursday, December 12th. Jefferies Financial Group reiterated 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. Finally, Wolfe Research lowered shares of General Dynamics from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $308.18.

Insider Activity at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.52% of the stock is 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.