Werlinich Asset Management LLC Grows Holdings in General Dynamics Co. (NYSE:GD)

Werlinich Asset Management LLC boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,580 shares of the aerospace company’s stock after acquiring an additional 210 shares during the period. Werlinich Asset Management LLC’s holdings in General Dynamics were worth $1,470,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MFA Wealth Advisors LLC increased its holdings in shares of General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares in the last quarter. Hara Capital LLC bought a new stake in shares of General Dynamics during the third quarter valued at approximately $26,000. Lowe Wealth Advisors LLC bought a new position in General Dynamics in the 3rd quarter valued at approximately $30,000. True Wealth Design LLC purchased a new stake in General Dynamics during the 3rd quarter valued at $34,000. Finally, Coston McIsaac & Partners increased its holdings in General Dynamics by 22.8% in the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock worth $53,000 after buying an additional 33 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

GD has been the subject of several research reports. Susquehanna decreased their price objective on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Baird R W cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group downgraded shares of General Dynamics from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $283.00 to $245.00 in a report on Thursday, December 12th. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Wolfe Research cut shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $304.53.

Insider Buying and Selling

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the transaction, the vice president now owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This represents a 21.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

General Dynamics Price Performance

GD stock opened at $268.97 on Friday. The company has a fifty day simple moving average of $274.45 and a two-hundred day simple moving average of $288.45. General Dynamics Co. has a 52 week low of $247.36 and a 52 week high of $316.90. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $73.96 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.04 earnings per share. Analysts anticipate that General Dynamics Co. will post 13.81 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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 issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.11%. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

General Dynamics announced that its board has initiated a stock repurchase plan on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.