Capital City Trust Co. FL Grows Position in General Dynamics Co. (NYSE:GD)

Capital City Trust Co. FL raised its holdings in shares of General Dynamics Co. (NYSE:GD) by 0.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 25,336 shares of the aerospace company’s stock after acquiring an additional 120 shares during the quarter. General Dynamics comprises approximately 1.7% of Capital City Trust Co. FL’s holdings, making the stock its 14th biggest position. Capital City Trust Co. FL’s holdings in General Dynamics were worth $6,676,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC lifted its holdings in shares of General Dynamics by 6.2% in the third quarter. Foundations Investment Advisors LLC now owns 2,168 shares of the aerospace company’s stock worth $655,000 after buying an additional 126 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of General Dynamics by 8.2% in the third quarter. Private Advisor Group LLC now owns 18,167 shares of the aerospace company’s stock worth $5,490,000 after buying an additional 1,374 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of General Dynamics by 40,389.3% in the third quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company’s stock worth $416,876,000 after buying an additional 1,376,065 shares in the last quarter. Grimes & Company Inc. lifted its holdings in shares of General Dynamics by 5.7% in the third quarter. Grimes & Company Inc. now owns 988 shares of the aerospace company’s stock worth $299,000 after buying an additional 53 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its holdings in shares of General Dynamics by 2.8% in the third quarter. Investment Research & Advisory Group Inc. now owns 9,633 shares of the aerospace company’s stock worth $2,911,000 after buying an additional 258 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GD. The Goldman Sachs Group lowered their price target on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a report on Tuesday, January 28th. UBS Group lowered their target price on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Wolfe Research downgraded shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lowered their target price on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, William Blair downgraded shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $298.59.

Insider Buying and Selling

In related news, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the sale, the director now owns 11,175 shares of the company’s stock, valued at $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.52% of the stock is currently owned by insiders.

General Dynamics Stock Down 1.3 %

Shares of General Dynamics stock opened at $243.02 on Friday. 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 52-week low of $239.87 and a 52-week high of $316.90. The stock has a market capitalization of $65.70 billion, a price-to-earnings ratio of 17.82, a P/E/G ratio of 1.68 and a beta of 0.61. The company’s 50 day moving average price is $259.68 and its 200-day moving average price is $282.54.

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 the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Equities research analysts forecast that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Friday, January 17th. General Dynamics’s payout ratio is 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 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 management believes its stock is 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.