Hunter Perkins Capital Management LLC Buys 13,414 Shares of General Dynamics Co. (NYSE:GD)

Hunter Perkins Capital Management LLC raised its stake in shares of General Dynamics Co. (NYSE:GD) by 106.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,012 shares of the aerospace company’s stock after acquiring an additional 13,414 shares during the period. General Dynamics comprises approximately 1.4% of Hunter Perkins Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. Hunter Perkins Capital Management LLC’s holdings in General Dynamics were worth $6,854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of GD. Fifth Third Wealth Advisors LLC grew its position in General Dynamics by 67.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 8,546 shares of the aerospace company’s stock worth $2,583,000 after purchasing an additional 3,448 shares in the last quarter. Olstein Capital Management L.P. boosted its stake in shares of General Dynamics by 36.4% in the 3rd quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company’s stock worth $4,533,000 after buying an additional 4,000 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of General Dynamics by 10.0% in the third quarter. Oppenheimer & Co. Inc. now owns 37,074 shares of the aerospace company’s stock valued at $11,204,000 after acquiring an additional 3,363 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in General Dynamics by 69.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 261,992 shares of the aerospace company’s stock worth $69,032,000 after acquiring an additional 107,095 shares during the period. Finally, Lummis Asset Management LP boosted its position in General Dynamics by 32.6% in the third quarter. Lummis Asset Management LP now owns 10,368 shares of the aerospace company’s stock worth $3,133,000 after purchasing an additional 2,551 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the transaction, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.52% of the stock is currently owned by company insiders.

General Dynamics Price Performance

General Dynamics stock opened at $266.22 on Monday. The business has a 50-day simple moving average of $269.27 and a 200 day simple moving average of $287.74. General Dynamics Co. has a 52 week low of $257.26 and a 52 week high of $316.90. The stock has a market cap of $73.20 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.43 and a beta of 0.61. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

General Dynamics announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 4th that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

General Dynamics Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently weighed in on GD shares. The Goldman Sachs Group lowered shares of General Dynamics from a “neutral” rating to a “sell” rating and reduced their price target for the company from $283.00 to $245.00 in a research report on Thursday, December 12th. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Wolfe Research downgraded General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. Susquehanna dropped their price target on General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup lifted their price objective on General Dynamics from $354.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, General Dynamics has a consensus rating of “Hold” and an average price target of $304.88.

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.