Strategic Financial Concepts LLC Acquires Shares of 45,316 General Dynamics Co. (NYSE:GD)

Strategic Financial Concepts LLC acquired a new position in General Dynamics Co. (NYSE:GD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,316 shares of the aerospace company's stock, valued at approximately $11,940,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC increased its holdings 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 valued at $25,000 after acquiring an additional 58 shares during the last quarter. Financial Life Planners bought a new stake in General Dynamics during the fourth quarter worth approximately $25,000. Hara Capital LLC acquired a new position in General Dynamics during the third quarter valued at approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of General Dynamics in the fourth quarter worth $28,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of General Dynamics during the 4th quarter worth $28,000. Institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Vertical Research downgraded shares of General Dynamics from a "buy" rating to a "hold" rating and dropped their target price for the stock from $352.00 to $290.00 in a report on Monday, January 6th. Sanford C. Bernstein cut their price objective on General Dynamics from $343.00 to $331.00 and set a "market perform" rating for the company in a research report on Thursday, October 24th. BTIG Research downgraded General Dynamics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price target on General Dynamics from $307.00 to $284.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Finally, UBS Group reduced their price objective on General Dynamics from $337.00 to $281.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $298.59.

General Dynamics Stock Up 0.6 %

Shares of General Dynamics stock traded up $1.35 during trading on Wednesday, reaching $243.95. The stock had a trading volume of 1,900,102 shares, compared to its average volume of 1,734,417. 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 company has a market capitalization of $65.95 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 1.67 and a beta of 0.61. General Dynamics Co. has a 52 week low of $239.87 and a 52 week high of $316.90. The stock has a fifty day moving average price of $260.84 and a two-hundred day moving average price of $283.37.

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

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were paid a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a yield of 2.33%. General Dynamics's dividend payout ratio (DPR) is currently 41.64%.

General Dynamics declared that its Board of Directors has authorized a share buyback program 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. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the company's stock in a transaction dated 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 approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the transaction, the director now directly owns 11,175 shares in the company, valued at $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

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.