Pennsylvania Capital Management Inc. ADV Trims Position in General Dynamics Co. (NYSE:GD)

Pennsylvania Capital Management Inc. ADV trimmed its holdings in shares of General Dynamics Co. (NYSE:GD) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,324 shares of the aerospace company’s stock after selling 105 shares during the quarter. Pennsylvania Capital Management Inc. ADV’s holdings in General Dynamics were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GD. MFA Wealth Advisors LLC lifted its holdings in General Dynamics by 241.7% in 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 period. Financial Life Planners acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $25,000. Hara Capital LLC acquired a new position in shares of General Dynamics in the 3rd quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new stake in General Dynamics during the fourth quarter worth $28,000. Finally, Heck Capital Advisors LLC purchased a new stake in General Dynamics during the fourth quarter worth $28,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

NYSE:GD opened at $256.80 on Tuesday. General Dynamics Co. has a one year low of $247.01 and a one year high of $316.90. The stock has a market cap of $70.61 billion, a PE ratio of 18.83, a P/E/G ratio of 1.46 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 stock has a 50 day moving average price of $267.05 and a 200 day moving average price of $286.76.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Equities research analysts expect that General Dynamics Co. will post 14.88 EPS for the current fiscal year.

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

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders 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 2.21%. General Dynamics’s dividend payout ratio (DPR) is 41.64%.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the sale, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the topic of several recent analyst reports. Susquehanna lowered their target price on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a research note on Thursday, January 30th. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Wells Fargo & Company reduced their target price on General Dynamics from $279.00 to $276.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Jefferies Financial Group reissued a “hold” rating and issued a $300.00 price target (down previously from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Finally, Baird R W cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $300.06.

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.