General Dynamics Co. (NYSE:GD) Stock Position Raised by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC increased its stake in General Dynamics Co. (NYSE:GD) by 57.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,225 shares of the aerospace company’s stock after purchasing an additional 813 shares during the quarter. Tyche Wealth Partners LLC’s holdings in General Dynamics were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. MFA Wealth Advisors LLC grew its stake 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 acquiring an additional 58 shares in the last quarter. Financial Life Planners acquired a new stake in shares of General Dynamics during the 4th quarter valued at $25,000. Hara Capital LLC acquired a new stake in shares of General Dynamics during the 3rd quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new stake in General Dynamics during the fourth quarter valued at $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in General Dynamics during the fourth quarter valued at $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Trading Up 0.4 %

Shares of GD stock opened at $258.36 on Thursday. General Dynamics Co. has a 52-week low of $247.01 and a 52-week high of $316.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The stock has a market cap of $71.04 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 1.46 and a beta of 0.61. The firm has a fifty day moving average of $266.07 and a 200-day moving average of $286.28.

General Dynamics (NYSE:GD) last issued 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 return on equity of 17.10% and a net margin of 7.93%. On average, equities research analysts forecast that General Dynamics Co. will post 14.88 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Friday, January 17th. General Dynamics’s payout ratio is 41.64%.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GD. Wells Fargo & Company reduced their price target on General Dynamics from $279.00 to $276.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. UBS Group reduced their target price on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Susquehanna reduced their price target on General Dynamics from $315.00 to $300.00 and set a “positive” rating for the company in a research report on Thursday, January 30th. Finally, Citigroup boosted their price target on General Dynamics from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. One 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 data from MarketBeat.com, General Dynamics has an average rating of “Hold” and a consensus price target of $300.06.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the vice president now owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 value of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares in the company, valued at $2,857,224. The trade was 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 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.