Mount Yale Investment Advisors LLC lessened its holdings in General Dynamics Co. (NYSE:GD – Free Report) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,441 shares of the aerospace company’s stock after selling 392 shares during the period. Mount Yale Investment Advisors LLC’s holdings in General Dynamics were worth $643,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Coston McIsaac & Partners boosted its position in General Dynamics by 22.8% during the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 33 shares during the period. Global X Japan Co. Ltd. grew its position in General Dynamics by 2.3% during the third quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock valued at $448,000 after purchasing an additional 33 shares in the last quarter. Grove Bank & Trust increased its stake in General Dynamics by 10.6% in the 3rd quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock valued at $107,000 after buying an additional 34 shares during the period. Trueblood Wealth Management LLC lifted its position in General Dynamics by 1.6% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock worth $672,000 after buying an additional 34 shares in the last quarter. Finally, Jeppson Wealth Management LLC boosted its stake in shares of General Dynamics by 3.8% during the 3rd quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock valued at $289,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.
Insider Buying and Selling
In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the sale, the vice president now owns 20,296 shares of the company’s stock, valued at $5,701,349.36. The trade was a 21.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.52% of the stock is owned by company insiders.
General Dynamics Price Performance
General Dynamics announced that its board has authorized a share buyback plan 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 plans are usually an indication that the company’s leadership believes its stock is undervalued.
General Dynamics Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Friday, January 17th. General Dynamics’s payout ratio is presently 43.26%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on GD shares. Royal Bank of Canada lowered General Dynamics from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $330.00 to $290.00 in a report on Thursday, December 19th. 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. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Susquehanna decreased their target price on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, Sanford C. Bernstein cut their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, General Dynamics currently has an average rating of “Hold” and a consensus target price of $303.28.
Check Out Our Latest Analysis on General Dynamics
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.
See Also
- Five stocks we like better than General Dynamics
- Pros And Cons Of Monthly Dividend Stocks
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- Transportation Stocks Investing
- What Does the Future Hold for Eli Lilly?
- Where to Find Earnings Call Transcripts
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Co. (NYSE:GD – Free Report).
Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.