General Dynamics Co. (NYSE:GD) Shares Acquired by Mcdonald Partners LLC

Mcdonald Partners LLC raised its position in General Dynamics Co. (NYSE:GD) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,542 shares of the aerospace company’s stock after purchasing an additional 351 shares during the period. Mcdonald Partners LLC’s holdings in General Dynamics were worth $1,460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in General Dynamics by 55.2% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 11,849 shares of the aerospace company’s stock worth $3,122,000 after buying an additional 4,214 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of General Dynamics in the fourth quarter worth approximately $6,915,000. Kestra Investment Management LLC purchased a new stake in General Dynamics in the fourth quarter valued at approximately $59,000. Atria Wealth Solutions Inc. increased its position in General Dynamics by 7.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 27,032 shares of the aerospace company’s stock worth $7,123,000 after purchasing an additional 1,800 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in General Dynamics by 2.8% during the fourth quarter. D.A. Davidson & CO. now owns 74,961 shares of the aerospace company’s stock worth $19,752,000 after purchasing an additional 2,077 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Trading Down 1.7 %

Shares of GD opened at $241.98 on Tuesday. General Dynamics Co. has a one year low of $239.87 and a one year high of $316.90. The stock has a 50-day moving average price of $261.40 and a 200 day moving average price of $283.72. 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 market capitalization of $66.54 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.61 and a beta of 0.61.

General Dynamics (NYSE:GD) last released its 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 net margin of 7.93% and a return on equity of 17.10%. Sell-side analysts forecast that General Dynamics Co. will post 14.84 EPS for the current fiscal year.

General Dynamics declared that its Board of Directors has initiated a share buyback program on Wednesday, December 4th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the aerospace company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were paid a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.35%. General Dynamics’s dividend payout ratio (DPR) is presently 41.64%.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction on Friday, January 31st. The shares were 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 owns 11,175 shares in the company, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the vice president now owns 20,296 shares in the company, valued at approximately $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. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GD shares. Deutsche Bank Aktiengesellschaft dropped their price objective on General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. Barclays dropped their price target on General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. 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. Royal Bank of Canada dropped their target price on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating for the company in a research report on Thursday, January 30th. Finally, Vertical Research downgraded shares of General Dynamics from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $352.00 to $290.00 in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $298.59.

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.