Guided Capital Wealth Management LLC Makes New $890,000 Investment in General Dynamics Co. (NYSE:GD)

Guided Capital Wealth Management LLC purchased a new position in General Dynamics Co. (NYSE:GD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,377 shares of the aerospace company’s stock, valued at approximately $890,000. General Dynamics comprises about 0.8% of Guided Capital Wealth Management LLC’s investment portfolio, making the stock its 21st largest position.

Several other hedge funds have also added to or reduced their stakes in GD. MFA Wealth Advisors LLC raised its stake in shares of General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares during the last quarter. Hara Capital LLC bought a new position in shares of General Dynamics during the third quarter valued at about $26,000. Financial Life Planners bought a new position in shares of General Dynamics during the fourth quarter valued at about $25,000. Heck Capital Advisors LLC bought a new position in shares of General Dynamics during the fourth quarter valued at about $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of General Dynamics during the fourth quarter valued at about $28,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Price Performance

Shares of NYSE GD opened at $256.92 on Wednesday. The company has a market capitalization of $70.65 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 1.61 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The company has a 50 day simple moving average of $264.07 and a two-hundred day simple moving average of $285.32. General Dynamics Co. has a fifty-two week low of $247.01 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD) last announced its quarterly 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%. Analysts expect that General Dynamics Co. will post 14.84 EPS for the current fiscal year.

General Dynamics announced that its board has approved a share repurchase program on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors 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 2.21%. The ex-dividend date of this dividend was Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is currently 41.64%.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the sale, the vice president now owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction that occurred 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 sale, the director now directly owns 11,175 shares of the company’s stock, 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 insiders.

Analyst Upgrades and Downgrades

GD has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $300.00 price objective (down from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Citigroup decreased their price target 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. Royal Bank of Canada decreased 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 note on Thursday, January 30th. Barclays decreased their price target on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, TD Cowen decreased their price target on shares of General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $298.59.

General Dynamics Company 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.