BKM Wealth Management LLC Sells 234 Shares of General Dynamics Co. (NYSE:GD)

BKM Wealth Management LLC lessened its stake in General Dynamics Co. (NYSE:GD) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,296 shares of the aerospace company’s stock after selling 234 shares during the quarter. BKM Wealth Management LLC’s holdings in General Dynamics were worth $1,659,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Empowered Funds LLC boosted its position in shares of General Dynamics by 15.3% during the fourth quarter. Empowered Funds LLC now owns 9,689 shares of the aerospace company’s stock worth $2,553,000 after buying an additional 1,283 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in General Dynamics by 67.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 8,546 shares of the aerospace company’s stock worth $2,583,000 after acquiring an additional 3,448 shares in the last quarter. Olstein Capital Management L.P. raised 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 buying an additional 4,000 shares during the period. Kentucky Trust Co bought a new stake in General Dynamics in the fourth quarter valued at approximately $607,000. Finally, Oppenheimer & Co. Inc. raised its stake in General Dynamics by 10.0% in the third quarter. Oppenheimer & Co. Inc. now owns 37,074 shares of the aerospace company’s stock valued at $11,204,000 after buying an additional 3,363 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group dropped their price objective on General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Baird R W lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Vertical Research lowered General Dynamics from a “buy” rating to a “hold” rating and lowered their target price for the stock from $352.00 to $290.00 in a research note on Monday, January 6th. The Goldman Sachs Group lowered their target price on General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a research note on Tuesday, January 28th. Finally, Robert W. Baird reissued a “neutral” rating and set a $283.00 price target (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $298.59.

Insider Buying and Selling at General Dynamics

In other news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the sale, the director now owns 11,175 shares in the company, valued at $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the sale, the vice president now owns 20,296 shares in the company, valued at $5,701,349.36. This represents a 21.44 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

General Dynamics Trading Down 1.7 %

Shares of GD opened at $241.98 on Tuesday. The stock has a market capitalization of $66.54 billion, a P/E ratio of 17.74, a PEG ratio of 1.61 and a beta of 0.61. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $261.96 and a two-hundred day simple moving average of $284.09. General Dynamics Co. has a twelve month low of $239.87 and a twelve month high of $316.90.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share 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 17.10%. On average, research analysts anticipate that General Dynamics Co. will post 14.84 EPS for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were paid a dividend of $1.42 per share. 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 2.35%. General Dynamics’s dividend payout ratio is currently 41.64%.

General Dynamics announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 4th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

About General Dynamics

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.