General Dynamics Co. (NYSE:GD) Stock Position Decreased by Nwam LLC

Nwam LLC trimmed its position in shares of General Dynamics Co. (NYSE:GD) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,498 shares of the aerospace company’s stock after selling 48 shares during the quarter. Nwam LLC’s holdings in General Dynamics were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Jeppson Wealth Management LLC grew its position in General Dynamics by 3.8% in the third quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock worth $289,000 after acquiring an additional 35 shares in the last quarter. Community Bank N.A. boosted its holdings in General Dynamics by 0.6% in the third quarter. Community Bank N.A. now owns 5,461 shares of the aerospace company’s stock worth $1,650,000 after purchasing an additional 35 shares in the last quarter. Forum Financial Management LP increased its position in General Dynamics by 1.8% during the third quarter. Forum Financial Management LP now owns 2,042 shares of the aerospace company’s stock worth $617,000 after buying an additional 37 shares during the last quarter. Freedom Investment Management Inc. raised its holdings in General Dynamics by 0.9% during the third quarter. Freedom Investment Management Inc. now owns 4,344 shares of the aerospace company’s stock valued at $1,313,000 after buying an additional 37 shares in the last quarter. Finally, Purus Wealth Management LLC lifted its position in shares of General Dynamics by 1.5% in the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock worth $701,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GD shares. BTIG Research lowered General Dynamics from a “buy” rating to a “neutral” rating in a report on Thursday, February 13th. Citigroup dropped their price target on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. William Blair cut shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Vertical Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating and lowered their target price for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Finally, The Goldman Sachs Group cut their target price on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $296.71.

General Dynamics Stock Up 0.5 %

GD opened at $252.87 on Friday. The company has a market capitalization of $68.36 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.69 and a beta of 0.61. 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 firm’s fifty day moving average price is $258.31 and its two-hundred day moving average price is $281.09. General Dynamics Co. has a fifty-two week low of $239.87 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share 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, analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 4th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.25%. General Dynamics’s payout ratio is presently 41.64%.

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.