Corps Capital Advisors LLC Purchases New Holdings in General Dynamics Co. (NYSE:GD)

Corps Capital Advisors LLC acquired a new position in General Dynamics Co. (NYSE:GD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,071 shares of the aerospace company’s stock, valued at approximately $1,336,000. General Dynamics comprises about 1.4% of Corps Capital Advisors LLC’s investment portfolio, making the stock its 27th largest holding.

Several other large investors have also modified their holdings of GD. MFA Wealth Advisors LLC boosted its holdings in General Dynamics by 241.7% during the 3rd 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. Hara Capital LLC purchased a new stake in shares of General Dynamics during the third quarter valued at $26,000. Financial Life Planners bought a new position in shares of General Dynamics in the fourth quarter worth about $25,000. Heck Capital Advisors LLC purchased a new position in General Dynamics in the 4th quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC bought a new stake in General Dynamics during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.6 %

General Dynamics stock opened at $243.95 on Thursday. General Dynamics Co. has a fifty-two week low of $239.87 and a fifty-two week high of $316.90. The company has a market cap of $65.95 billion, a PE ratio of 17.88, a PEG ratio of 1.67 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 business’s 50-day simple moving average is $260.41 and its two-hundred day simple moving average is $283.10.

General Dynamics (NYSE:GD) last announced its quarterly earnings data 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 net margin of 7.93% and a return on equity of 17.10%. Equities analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current year.

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. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.33%. General Dynamics’s dividend payout ratio is presently 41.64%.

General Dynamics declared that its board has approved a stock repurchase program on Wednesday, December 4th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Vertical Research downgraded shares of General Dynamics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $352.00 to $290.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. reduced their price objective on General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada lowered their target price on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating for the company in a report on Thursday, January 30th. Baird R W lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics has a consensus rating of “Hold” and an average price target of $298.59.

Insider Buying and Selling

In related news, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction 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 transaction, the director now directly owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This represents a 13.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher J. Brady sold 5,540 shares of the business’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 transaction, the vice president now owns 20,296 shares in the company, valued at $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

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.