Toth Financial Advisory Corp Buys 299 Shares of General Dynamics Co. (NYSE:GD)

Toth Financial Advisory Corp increased its stake in General Dynamics Co. (NYSE:GD) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,658 shares of the aerospace company’s stock after purchasing an additional 299 shares during the period. Toth Financial Advisory Corp’s holdings in General Dynamics were worth $5,970,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GD. MFA Wealth Advisors LLC increased its position in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 58 shares during the period. Hara Capital LLC bought a new position in shares of General Dynamics in the 3rd quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new position in shares of General Dynamics in the 4th quarter valued at about $28,000. Lowe Wealth Advisors LLC bought a new stake in shares of General Dynamics during the third quarter worth approximately $30,000. Finally, True Wealth Design LLC acquired a new position in General Dynamics in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Down 0.9 %

NYSE:GD opened at $266.22 on Friday. The business has a 50 day moving average price of $269.27 and a two-hundred day moving average price of $287.64. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The company has a market cap of $73.20 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.43 and a beta of 0.61. General Dynamics Co. has a twelve month low of $257.26 and a twelve month high of $316.90.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). The business had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $3.04 earnings per share. As a group, analysts expect that General Dynamics Co. will post 13.66 EPS for the current fiscal year.

General Dynamics announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 4th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the aerospace company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

General Dynamics Dividend Announcement

The company 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. The ex-dividend date is Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.13%. General Dynamics’s dividend payout ratio is presently 43.26%.

Insider Buying and Selling

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the company’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 value of $1,556,241.40. Following the sale, the vice president now owns 20,296 shares in the company, valued at $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GD has been the subject of several recent research reports. The Goldman Sachs Group cut shares of General Dynamics from a “neutral” rating to a “sell” rating and dropped their target price for the company from $283.00 to $245.00 in a research report on Thursday, December 12th. Baird R W downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Wolfe Research cut General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. TD Cowen raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently 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.