General Dynamics Co. (NYSE:GD) Stock Position Reduced by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC cut its stake in shares of General Dynamics Co. (NYSE:GD) by 14.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,626 shares of the aerospace company’s stock after selling 984 shares during the period. Schechter Investment Advisors LLC’s holdings in General Dynamics were worth $1,482,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in GD. Hara Capital LLC acquired a new position in shares of General Dynamics in the 3rd quarter valued at $26,000. Financial Life Planners bought a new stake in General Dynamics during the 4th quarter worth about $25,000. Whipplewood Advisors LLC bought a new position in shares of General Dynamics in the 4th quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Dynamics during the 4th quarter valued at $26,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of General Dynamics in the 4th quarter valued at $28,000. 86.14% of the stock is owned by institutional investors.

Insider Transactions at General Dynamics

In other General Dynamics 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 completion of the sale, the director now directly owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This represents a 13.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.52% of the stock is currently owned by insiders.

General Dynamics Price Performance

Shares of NYSE GD opened at $254.07 on Tuesday. The firm’s 50-day moving average price is $258.09 and its 200-day moving average price is $280.71. General Dynamics Co. has a 1-year low of $239.87 and a 1-year high of $316.90. The firm has a market capitalization of $68.69 billion, a P/E ratio of 18.63, a P/E/G ratio of 1.69 and a beta of 0.61. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last announced its quarterly earnings data 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%. Equities research analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics announced that its Board of Directors has initiated a share buyback program 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 programs are often a sign that the company’s board believes its stock is undervalued.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Friday, January 17th. General Dynamics’s payout ratio is presently 41.64%.

Analyst Ratings Changes

GD has been the subject of a number of recent analyst reports. TD Cowen lowered their price objective on shares of General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. Baird R W cut General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. The Goldman Sachs Group decreased their price objective on General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a report on Tuesday, January 28th. Citigroup cut their target price on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Finally, Robert W. Baird restated a “neutral” rating and set a $283.00 price objective (down from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $296.71.

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.