Westover Capital Advisors LLC Grows Stake in General Dynamics Co. (NYSE:GD)

Westover Capital Advisors LLC boosted its position in shares of General Dynamics Co. (NYSE:GD) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,439 shares of the aerospace company’s stock after purchasing an additional 100 shares during the quarter. Westover Capital Advisors LLC’s holdings in General Dynamics were worth $1,433,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GD. Financial Life Planners purchased a new position in General Dynamics during the 4th quarter worth $25,000. Hara Capital LLC purchased a new position in shares of General Dynamics in the 3rd quarter valued at $26,000. Whipplewood Advisors LLC purchased a new position in shares of General Dynamics in the 4th quarter valued at $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Dynamics in the 4th quarter valued at $26,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of General Dynamics in the 4th quarter valued at $28,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GD shares. Royal Bank of Canada cut their price target on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. TD Cowen cut their price target on General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. William Blair downgraded General Dynamics from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Wells Fargo & Company lowered their price objective on General Dynamics from $276.00 to $244.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup lowered their price objective on General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Hold” and an average price target of $296.71.

Insider Transactions at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of the company’s stock in a transaction dated 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 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 SEC, which can be accessed through this hyperlink. Company insiders own 1.52% of the company’s stock.

General Dynamics Stock Up 0.6 %

General Dynamics stock opened at $254.07 on Tuesday. 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 $258.09 and its two-hundred day simple moving average is $280.71. The company has a market cap of $68.69 billion, a PE ratio of 18.63, a PEG ratio of 1.69 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $239.87 and a fifty-two week high of $316.90.

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

General Dynamics Dividend Announcement

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 was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.24%. General Dynamics’s payout ratio is 41.64%.

General Dynamics declared that its board has authorized a share repurchase program on Wednesday, December 4th that allows the company to repurchase 10,000,000 shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management 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.