General Dynamics Co. (NYSE:GD) Shares Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors lifted its holdings in shares of General Dynamics Co. (NYSE:GD) by 13.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,199 shares of the aerospace company’s stock after purchasing an additional 2,323 shares during the quarter. Arkadios Wealth Advisors’ holdings in General Dynamics were worth $5,322,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in General Dynamics by 0.8% in the third quarter. Wellington Management Group LLP now owns 14,205,330 shares of the aerospace company’s stock valued at $4,292,851,000 after purchasing an additional 109,618 shares during the period. State Street Corp raised its position in General Dynamics by 9.4% in the 3rd quarter. State Street Corp now owns 10,945,110 shares of the aerospace company’s stock valued at $3,307,612,000 after purchasing an additional 943,247 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of General Dynamics by 2.5% in the 3rd 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 buying an additional 189,904 shares during the period. Geode Capital Management LLC grew its position in shares of General Dynamics by 13.0% during the third quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company’s stock worth $1,674,998,000 after buying an additional 638,342 shares in the last quarter. Finally, FMR LLC increased its stake in shares of General Dynamics by 0.5% during the third quarter. FMR LLC now owns 4,940,537 shares of the aerospace company’s stock worth $1,493,030,000 after buying an additional 24,464 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Robert W. Baird reiterated a “neutral” rating and set a $283.00 price target (down previously from $345.00) on shares of General Dynamics in a report on Tuesday. Susquehanna lowered their target price on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group restated a “hold” rating and issued a $300.00 price target (down from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Wolfe Research cut General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. Finally, TD Cowen raised General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $304.53.

Insider Transactions at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE:GD opened at $266.86 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. General Dynamics Co. has a one year low of $247.36 and a one year high of $316.90. The company has a 50-day simple moving average of $273.71 and a 200-day simple moving average of $288.32. The stock has a market capitalization of $73.38 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.38 and a beta of 0.61.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.04 earnings per share. On average, analysts predict that General Dynamics Co. will post 13.81 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be given a dividend of $1.42 per share. The ex-dividend date is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a yield of 2.13%. General Dynamics’s payout ratio is currently 43.26%.

General Dynamics declared that its board has initiated a stock buyback program on Wednesday, December 4th that allows the company to repurchase 10,000,000 shares. This repurchase authorization allows the aerospace company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board 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.