Journey Strategic Wealth LLC Has $346,000 Stock Holdings in General Dynamics Co. (NYSE:GD)

Journey Strategic Wealth LLC reduced its holdings in General Dynamics Co. (NYSE:GD) by 6.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,313 shares of the aerospace company’s stock after selling 88 shares during the quarter. Journey Strategic Wealth LLC’s holdings in General Dynamics were worth $346,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. MFA Wealth Advisors LLC increased its position in 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 purchasing an additional 58 shares during the period. Hara Capital LLC acquired a new stake in shares of General Dynamics during the third quarter worth $26,000. Heck Capital Advisors LLC bought a new position in General Dynamics during the fourth quarter worth $28,000. Sugar Maple Asset Management LLC acquired a new position in General Dynamics in the fourth quarter valued at $28,000. Finally, True Wealth Design LLC bought a new stake in General Dynamics during the third quarter valued at $34,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 0.1 %

Shares of General Dynamics stock opened at $257.17 on Monday. The company has a market capitalization of $70.71 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 1.34 and a beta of 0.61. The stock has a fifty day simple moving average of $267.05 and a 200 day simple moving average of $286.79. General Dynamics Co. has a 12-month low of $247.01 and a 12-month high of $316.90. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.08%. On average, sell-side analysts anticipate that General Dynamics Co. will post 15.92 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be given a dividend of $1.42 per share. The ex-dividend date is Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.21%. General Dynamics’s dividend payout ratio is currently 41.64%.

General Dynamics announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GD. TD Cowen dropped their price objective on General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. 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 note on Thursday. Susquehanna reduced their price objective on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating for the company in a research report on Thursday. Barclays dropped their target price on shares of General Dynamics from $330.00 to $305.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Vertical Research cut shares of General Dynamics from a “buy” rating to a “hold” rating and reduced their price target for the stock from $352.00 to $290.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $301.24.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the business’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 approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.52% of the company’s stock.

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.