FourThought Financial Partners LLC Makes New Investment in General Dynamics Co. (NYSE:GD)

FourThought Financial Partners LLC purchased a new position in General Dynamics Co. (NYSE:GDFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,071 shares of the aerospace company’s stock, valued at approximately $546,000.

A number of other hedge funds also recently modified their holdings of the stock. Processus Wealth & Capital Management LLC increased its position in shares of General Dynamics by 0.9% in the fourth quarter. Processus Wealth & Capital Management LLC now owns 6,627 shares of the aerospace company’s stock worth $1,746,000 after purchasing an additional 56 shares during the period. Bank of New York Mellon Corp increased its position in shares of General Dynamics by 3.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,706,250 shares of the aerospace company’s stock worth $449,580,000 after purchasing an additional 59,944 shares during the period. Hendley & Co. Inc. increased its position in shares of General Dynamics by 8.0% in the fourth quarter. Hendley & Co. Inc. now owns 14,051 shares of the aerospace company’s stock worth $3,702,000 after purchasing an additional 1,045 shares during the period. Blackhawk Capital Partners LLC. increased its position in shares of General Dynamics by 11.0% in the fourth quarter. Blackhawk Capital Partners LLC. now owns 4,755 shares of the aerospace company’s stock worth $1,253,000 after purchasing an additional 470 shares during the period. Finally, CWS Financial Advisors LLC boosted its stake in General Dynamics by 25.9% in the fourth quarter. CWS Financial Advisors LLC now owns 1,938 shares of the aerospace company’s stock valued at $511,000 after buying an additional 399 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective on General Dynamics from $279.00 to $276.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Barclays reduced their price objective on General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. TD Cowen reduced their price objective on General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. Wolfe Research lowered General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. Finally, UBS Group reduced their price objective on General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $298.59.

Check Out Our Latest Stock Analysis on GD

Insiders Place Their Bets

In other General Dynamics news, 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 value of $459,201.28. Following the completion of the sale, the director now directly owns 11,175 shares in the company, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

General Dynamics Price Performance

Shares of GD opened at $249.83 on Wednesday. General Dynamics Co. has a 1 year low of $239.87 and a 1 year high of $316.90. 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 company has a market capitalization of $67.54 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.61. The business has a 50-day moving average of $258.97 and a 200-day moving average of $281.88.

General Dynamics (NYSE:GDGet Free Report) last issued its quarterly earnings data 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 return on equity of 17.10% and a net margin of 7.93%. As a group, equities research analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were issued a $1.42 dividend. The ex-dividend date was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a yield of 2.27%. General Dynamics’s payout ratio is currently 41.64%.

General Dynamics announced that its board has approved a stock buyback plan on Wednesday, December 4th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

General Dynamics Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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