Twin City Private Wealth LLC Grows Stock Holdings in General Dynamics Co. (NYSE:GD)

Twin City Private Wealth LLC raised its position in shares of General Dynamics Co. (NYSE:GD) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,460 shares of the aerospace company’s stock after buying an additional 72 shares during the quarter. Twin City Private Wealth LLC’s holdings in General Dynamics were worth $648,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GD. Community Bank N.A. increased its holdings in shares of General Dynamics by 0.6% during the third quarter. Community Bank N.A. now owns 5,461 shares of the aerospace company’s stock valued at $1,650,000 after acquiring an additional 35 shares in the last quarter. Freedom Investment Management Inc. increased its holdings in shares of 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 acquiring an additional 37 shares in the last quarter. Purus Wealth Management LLC increased its holdings in shares of General Dynamics by 1.5% during the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock valued at $701,000 after acquiring an additional 39 shares in the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of General Dynamics by 4.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,051 shares of the aerospace company’s stock valued at $277,000 after acquiring an additional 40 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY increased its holdings in shares of General Dynamics by 4.2% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,012 shares of the aerospace company’s stock valued at $306,000 after acquiring an additional 41 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction on Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the sale, the senior vice president now owns 45,192 shares of the company’s stock, valued at $12,297,195.12. The trade was a 37.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics 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 sale, the director now directly owns 11,175 shares in the company, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

General Dynamics Price Performance

NYSE:GD opened at $263.30 on Monday. 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 has a market cap of $71.18 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59. The company has a 50 day moving average price of $258.50 and a 200-day moving average price of $277.67. General Dynamics Co. has a 1-year low of $239.87 and a 1-year high of $316.90.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 forecast that General Dynamics Co. will post 14.83 EPS for the current year.

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

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a yield of 2.28%. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio (DPR) is currently 43.99%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GD shares. Barclays cut their price objective on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. UBS Group cut their price objective on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada reduced their price target on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating for the company in a research report on Thursday, January 30th. BTIG Research lowered shares of General Dynamics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. One equities research 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $297.71.

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.