Aigen Investment Management LP Acquires New Stake in General Dynamics Co. (NYSE:GD)

Aigen Investment Management LP purchased a new stake in General Dynamics Co. (NYSE:GD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,744 shares of the aerospace company’s stock, valued at approximately $4,939,000. General Dynamics makes up 0.9% of Aigen Investment Management LP’s holdings, making the stock its 5th biggest holding.

Other large investors have also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in General Dynamics in the fourth quarter valued at $25,000. Hara Capital LLC purchased a new position in shares of General Dynamics during the 3rd quarter worth $26,000. Whipplewood Advisors LLC acquired a new stake in shares of General Dynamics during the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of General Dynamics in the fourth quarter valued at $26,000. Finally, Sugar Maple Asset Management LLC purchased a new position in General Dynamics during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group dropped their price target on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Susquehanna dropped their target price 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, January 30th. Barclays dropped their price objective on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Baird R W downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, BTIG Research cut shares of General Dynamics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Hold” and an average price target of $296.71.

General Dynamics Trading Down 1.3 %

Shares of NYSE:GD opened at $250.68 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a 1-year low of $239.87 and a 1-year high of $316.90. The stock has a market capitalization of $67.77 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.69 and a beta of 0.61. The company has a 50 day moving average price of $257.79 and a 200 day moving average price of $280.39.

General Dynamics (NYSE:GD) last issued its quarterly 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 17.10%. On average, research analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics declared that its Board of Directors has approved a stock buyback program 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. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at General Dynamics

In other news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 11,175 shares in the company, valued at $2,857,224. The trade was a 13.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.52% of the stock is currently owned by insiders.

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.