Tlwm Invests $1.04 Million in General Dynamics Co. (NYSE:GD)

Tlwm bought a new stake in shares of General Dynamics Co. (NYSE:GD - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,956 shares of the aerospace company's stock, valued at approximately $1,042,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GD. Fifth Third Wealth Advisors LLC boosted its holdings in General Dynamics by 67.6% in the third quarter. Fifth Third Wealth Advisors LLC now owns 8,546 shares of the aerospace company's stock valued at $2,583,000 after purchasing an additional 3,448 shares during the last quarter. Olstein Capital Management L.P. boosted its stake in General Dynamics by 36.4% in the third quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company's stock valued at $4,533,000 after acquiring an additional 4,000 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of General Dynamics by 10.0% during the third quarter. Oppenheimer & Co. Inc. now owns 37,074 shares of the aerospace company's stock valued at $11,204,000 after purchasing an additional 3,363 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of General Dynamics by 69.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 261,992 shares of the aerospace company's stock worth $69,032,000 after purchasing an additional 107,095 shares during the period. Finally, Lummis Asset Management LP lifted its holdings in shares of General Dynamics by 32.6% in the 3rd quarter. Lummis Asset Management LP now owns 10,368 shares of the aerospace company's stock worth $3,133,000 after purchasing an additional 2,551 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

General Dynamics stock traded up $1.25 during midday trading on Tuesday, reaching $264.92. 1,095,805 shares of the company's stock were exchanged, compared to its average volume of 1,442,186. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The stock's 50-day simple moving average is $275.30 and its 200 day simple moving average is $288.61. The firm has a market cap of $72.84 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.62 and a beta of 0.61. 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 posted 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 business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm's revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $3.04 EPS. On average, analysts expect that General Dynamics Co. will post 13.84 earnings per share for the current fiscal year.

General Dynamics announced that its Board of Directors has approved a share buyback plan on Wednesday, December 4th that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its stock is undervalued.

General Dynamics Dividend Announcement

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 paid 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 2.14%. General Dynamics's dividend payout ratio (DPR) is currently 43.26%.

Insider Buying and Selling

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 transaction, the vice president now directly owns 20,296 shares of the company's stock, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.52% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Vertical Research cut shares of General Dynamics from a "buy" rating to a "hold" rating and decreased their price objective for the company from $352.00 to $290.00 in a report on Monday, January 6th. Wolfe Research cut General Dynamics from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Dynamics from $303.00 to $295.00 and set a "hold" rating for the company in a research note on Thursday, January 2nd. Sanford C. Bernstein cut their target price on General Dynamics from $343.00 to $331.00 and set a "market perform" rating for the company in a research note on Thursday, October 24th. Finally, Royal Bank of Canada cut shares of General Dynamics from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $330.00 to $290.00 in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of "Hold" and a consensus target price of $304.53.

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.