Bogart Wealth LLC Has $7.83 Million Position in General Dynamics Co. (NYSE:GD)

Bogart Wealth LLC lifted its position in General Dynamics Co. (NYSE:GD) by 48.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,705 shares of the aerospace company’s stock after acquiring an additional 9,759 shares during the period. Bogart Wealth LLC’s holdings in General Dynamics were worth $7,827,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. grew its holdings in shares of General Dynamics by 1.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 87,676 shares of the aerospace company’s stock worth $23,334,000 after buying an additional 1,537 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in General Dynamics by 1.3% during the 4th quarter. Pathway Financial Advisers LLC now owns 5,115 shares of the aerospace company’s stock worth $1,348,000 after acquiring an additional 65 shares during the last quarter. Avestar Capital LLC grew its stake in shares of General Dynamics by 18.7% during the 4th quarter. Avestar Capital LLC now owns 2,958 shares of the aerospace company’s stock worth $779,000 after acquiring an additional 466 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of General Dynamics in the fourth quarter valued at approximately $6,915,000. Finally, Van ECK Associates Corp raised its holdings in shares of General Dynamics by 1.1% in the fourth quarter. Van ECK Associates Corp now owns 39,138 shares of the aerospace company’s stock valued at $10,313,000 after purchasing an additional 444 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 2.1 %

General Dynamics stock opened at $246.14 on Friday. General Dynamics Co. has a one year low of $242.86 and a one 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 fifty day moving average is $263.13 and its 200 day moving average is $284.85. The stock has a market capitalization of $67.68 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.61 and a beta of 0.61.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (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, sell-side analysts predict that General Dynamics Co. will post 14.84 EPS for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Friday, January 17th. General Dynamics’s payout ratio is presently 41.64%.

General Dynamics declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

GD has been the subject of several analyst reports. Susquehanna decreased their price objective on General Dynamics from $315.00 to $300.00 and set a “positive” rating for the company in a report on Thursday, January 30th. TD Cowen decreased their price target on General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. BTIG Research cut General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday. Robert W. Baird reissued a “neutral” rating and issued a $283.00 target price (down from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. Finally, Wolfe Research downgraded shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $298.59.

Insiders Place Their Bets

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

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.