Roxbury Financial LLC Purchases New Shares in General Dynamics Co. (NYSE:GD)

Roxbury Financial LLC purchased a new stake in shares of General Dynamics Co. (NYSE:GD - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,318 shares of the aerospace company's stock, valued at approximately $374,000.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in General Dynamics by 40,389.3% in the third quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company's stock valued at $416,876,000 after purchasing an additional 1,376,065 shares in the last quarter. State Street Corp increased its position in General Dynamics by 9.4% during the third quarter. State Street Corp now owns 10,945,110 shares of the aerospace company's stock worth $3,307,612,000 after buying an additional 943,247 shares during the last quarter. Geode Capital Management LLC raised its holdings in General Dynamics by 13.0% during the third quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company's stock valued at $1,674,998,000 after buying an additional 638,342 shares in the last quarter. Two Sigma Advisers LP lifted its position 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 buying an additional 463,000 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of General Dynamics by 43.1% during the 3rd quarter. Barclays PLC now owns 942,485 shares of the aerospace company's stock worth $284,818,000 after acquiring an additional 283,972 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GD shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Dynamics from $303.00 to $295.00 and set a "hold" rating on the stock in a research report on Thursday, January 2nd. Wells Fargo & Company dropped their price objective on General Dynamics from $279.00 to $276.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 30th. Robert W. Baird restated a "neutral" rating and set a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. Citigroup dropped their price target on General Dynamics from $360.00 to $335.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Finally, Susquehanna reduced their target price on shares of General Dynamics from $315.00 to $300.00 and set a "positive" rating for the company in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $298.59.

General Dynamics Trading Up 0.6 %

Shares of GD stock traded up $1.35 on Wednesday, reaching $243.95. The company had a trading volume of 1,900,102 shares, compared to its average volume of 1,734,417. The company has a 50-day moving average of $260.41 and a 200-day moving average of $283.10. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The stock has a market cap of $65.95 billion, a PE ratio of 17.88, a PEG ratio of 1.67 and a beta of 0.61. General Dynamics Co. has a 12 month low of $239.87 and a 12 month high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. On average, equities analysts forecast that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were given a dividend of $1.42 per share. The ex-dividend date was Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.33%. General Dynamics's dividend payout ratio is currently 41.64%.

General Dynamics declared that its board has approved a stock buyback plan on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other 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 transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now owns 11,175 shares of the company's stock, valued at approximately $2,857,224. This represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

General Dynamics Company 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.