Tlwm Makes New Investment in General Dynamics Co. (NYSE:GD)

Tlwm purchased a new stake in shares of General Dynamics Co. (NYSE:GD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,956 shares of the aerospace company’s stock, valued at approximately $1,042,000.

A number of other large investors have also recently made changes to their positions in GD. MFA Wealth Advisors LLC boosted its position in General Dynamics by 241.7% in the third 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 purchased a new position in shares of General Dynamics in the third quarter worth approximately $26,000. Lowe Wealth Advisors LLC bought a new stake in General Dynamics during the third quarter valued at approximately $30,000. True Wealth Design LLC purchased a new stake in General Dynamics during the third quarter valued at approximately $34,000. Finally, Meeder Asset Management Inc. raised its position in General Dynamics by 385.2% in the second quarter. Meeder Asset Management Inc. now owns 131 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 104 shares during the period. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Up 1.7 %

NYSE GD opened at $263.73 on Tuesday. The stock has a 50 day moving average price of $275.94 and a 200-day moving average price of $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. The company has a market capitalization of $72.52 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.62 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS 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 analysts’ expectations of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.04 earnings per share. As a group, equities analysts predict that General Dynamics Co. will post 13.84 EPS for the current fiscal year.

General Dynamics declared that its board has approved a share repurchase 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. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s payout ratio is 43.26%.

Insider Activity

In related news, VP Christopher J. Brady sold 5,540 shares of the company’s 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 transaction, the vice president now directly owns 20,296 shares in the company, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GD shares. The Goldman Sachs Group cut General Dynamics from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $283.00 to $245.00 in a report on Thursday, December 12th. Robert W. Baird reaffirmed a “neutral” rating and set a $283.00 price objective (down from $345.00) on shares of General Dynamics in a research report on Tuesday. Susquehanna decreased their target price on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada downgraded shares of General Dynamics from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $330.00 to $290.00 in a report on Thursday, December 19th. Finally, Citigroup increased their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, General Dynamics currently has an average rating of “Hold” and an average price target of $304.53.

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.