General Dynamics Co. (NYSE:GD) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC raised its holdings in General Dynamics Co. (NYSE:GD) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,548 shares of the aerospace company’s stock after purchasing an additional 424 shares during the period. New York Life Investment Management LLC’s holdings in General Dynamics were worth $9,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hara Capital LLC acquired a new stake in General Dynamics in the 3rd quarter valued at $26,000. Financial Life Planners acquired a new position in General Dynamics during the fourth quarter worth $25,000. Whipplewood Advisors LLC purchased a new position in General Dynamics during the fourth quarter valued at $26,000. Heck Capital Advisors LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at about $28,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of General Dynamics during the fourth quarter worth about $28,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Trading Up 0.9 %

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

General Dynamics (NYSE:GD) last announced 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%. As a group, equities research analysts expect that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Friday, January 17th. General Dynamics’s dividend payout ratio is presently 41.64%.

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

Analyst Ratings Changes

GD has been the topic of a number of research reports. Wolfe Research lowered shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. decreased their target price on General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Susquehanna dropped their price target on General Dynamics from $315.00 to $300.00 and set a “positive” rating for the company in a research report on Thursday, January 30th. BTIG Research downgraded General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 13th. Finally, William Blair cut shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics has a consensus rating of “Hold” and a consensus price target of $296.71.

Insider Activity

In related news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction that occurred on Friday, January 31st. The shares were 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 in the company, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

General Dynamics Profile

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.