General Dynamics Co. (NYSE:GD) Shares Purchased by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. grew its stake in General Dynamics Co. (NYSE:GD) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,538 shares of the aerospace company’s stock after purchasing an additional 67 shares during the period. General Dynamics makes up approximately 1.3% of Schulhoff & Co. Inc.’s portfolio, making the stock its 18th biggest holding. Schulhoff & Co. Inc.’s holdings in General Dynamics were worth $3,040,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of General Dynamics by 9.4% during the third quarter. State Street Corp now owns 10,945,110 shares of the aerospace company’s stock valued at $3,307,612,000 after acquiring an additional 943,247 shares during the last quarter. Geode Capital Management LLC raised its holdings in General Dynamics by 13.0% in the third quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company’s stock valued at $1,674,998,000 after buying an additional 638,342 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of General Dynamics by 117.0% during the 3rd quarter. Two Sigma Advisers LP now owns 858,600 shares of the aerospace company’s stock valued at $259,469,000 after acquiring an additional 463,000 shares in the last quarter. Barclays PLC grew its stake in shares of General Dynamics by 43.1% in the third quarter. Barclays PLC now owns 942,485 shares of the aerospace company’s stock valued at $284,818,000 after buying an additional 283,972 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in General Dynamics by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,829,662 shares of the aerospace company’s stock valued at $2,366,124,000 after acquiring an additional 189,904 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.9 %

Shares of NYSE:GD opened at $251.53 on Friday. General Dynamics Co. has a 1 year low of $239.87 and a 1 year high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The business’s 50-day moving average is $258.53 and its 200-day moving average is $281.44. The company has a market capitalization of $68.00 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.69 and a beta of 0.61.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. Equities research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 4th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were given a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.26%. General Dynamics’s dividend payout ratio (DPR) is presently 41.64%.

Insider Transactions at General Dynamics

In other news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction dated 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 of the company’s stock, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on GD. TD Cowen dropped their price objective on General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Citigroup lowered their target price on General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a report on Monday, February 10th. Robert W. Baird reiterated a “neutral” rating and issued a $283.00 price objective (down from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price target on General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group decreased their price objective on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $296.71.

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.