Tilia Fiduciary Partners Inc. Has $846,000 Position in General Dynamics Co. (NYSE:GD)

Tilia Fiduciary Partners Inc. grew its position in General Dynamics Co. (NYSE:GD) by 6.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,211 shares of the aerospace company’s stock after purchasing an additional 183 shares during the period. Tilia Fiduciary Partners Inc.’s holdings in General Dynamics were worth $846,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in shares of General Dynamics by 40,389.3% in the third quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company’s stock valued at $416,876,000 after buying an additional 1,376,065 shares during the last quarter. State Street Corp increased its position in General Dynamics by 9.4% in the 3rd quarter. State Street Corp now owns 10,945,110 shares of the aerospace company’s stock valued at $3,307,612,000 after acquiring an additional 943,247 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of General Dynamics by 13.0% in the third quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company’s stock worth $1,674,998,000 after acquiring an additional 638,342 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of General Dynamics by 117.0% during the third quarter. Two Sigma Advisers LP now owns 858,600 shares of the aerospace company’s stock worth $259,469,000 after purchasing an additional 463,000 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of General Dynamics by 2,189.3% during the second quarter. 1832 Asset Management L.P. now owns 374,207 shares of the aerospace company’s stock valued at $108,572,000 after purchasing an additional 357,861 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. TD Cowen raised General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group lowered General Dynamics from a “neutral” rating to a “sell” rating and cut their price target for the company from $283.00 to $245.00 in a research note on Thursday, December 12th. Citigroup lifted their price objective on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Vertical Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating and reduced their target price for the company from $352.00 to $290.00 in a research note on Monday. Finally, Royal Bank of Canada cut shares of General Dynamics from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $330.00 to $290.00 in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $308.18.

Insider Transactions at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.52% of the stock is currently owned by insiders.

General Dynamics Stock Down 0.8 %

Shares of NYSE GD traded down $2.09 during midday trading on Friday, reaching $259.38. The company’s stock had a trading volume of 1,702,038 shares, compared to its average volume of 1,398,746. General Dynamics Co. has a fifty-two week low of $247.36 and a fifty-two week high of $316.90. The stock has a 50 day simple moving average of $277.21 and a 200-day simple moving average of $289.35. The stock has a market capitalization of $71.32 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.62 and a beta of 0.61. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter last year, the business earned $3.04 EPS. General Dynamics’s revenue was up 10.4% on a year-over-year basis. Equities research analysts predict that General Dynamics Co. will post 13.84 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s payout ratio is presently 43.26%.

General Dynamics announced that its Board of Directors has authorized 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 buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.