Edge Capital Group LLC Has $530,000 Holdings in General Dynamics Co. (NYSE:GD)

Edge Capital Group LLC trimmed its position in shares of General Dynamics Co. (NYSE:GD) by 18.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,011 shares of the aerospace company’s stock after selling 460 shares during the quarter. Edge Capital Group LLC’s holdings in General Dynamics were worth $530,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GD. Hara Capital LLC bought a new stake in General Dynamics during the 3rd quarter worth about $26,000. Financial Life Planners bought a new position in General Dynamics in the fourth quarter valued at about $25,000. Heck Capital Advisors LLC bought a new position in shares of General Dynamics in the 4th quarter valued at about $28,000. Sugar Maple Asset Management LLC acquired a new stake in General Dynamics during the 4th quarter worth $28,000. Finally, True Wealth Design LLC acquired a new stake in shares of General Dynamics during the third quarter worth $34,000. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of the business’s 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 transaction, the director now directly owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on GD shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. Wolfe Research downgraded shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. TD Cowen reduced their price target on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price objective on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, The Goldman Sachs Group reduced their target price 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 investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, General Dynamics presently has an average rating of “Hold” and a consensus price target of $298.59.

General Dynamics Trading Up 1.3 %

NYSE GD opened at $246.24 on Tuesday. The company has a market cap of $66.57 billion, a PE ratio of 18.05, a PEG ratio of 1.69 and a beta of 0.61. General Dynamics Co. has a 12 month low of $239.87 and a 12 month high of $316.90. The stock has a 50 day moving average of $259.28 and a 200-day moving average of $282.18. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.

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 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%. On average, equities research analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

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

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 41.64%.

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.