McGlone Suttner Wealth Management Inc. Has $595,000 Position in General Dynamics Co. (NYSE:GD)

McGlone Suttner Wealth Management Inc. lessened its holdings in General Dynamics Co. (NYSE:GD) by 8.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,257 shares of the aerospace company’s stock after selling 204 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in General Dynamics were worth $595,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Partners Group LLC lifted its holdings in General Dynamics by 42.3% during the 4th quarter. Financial Partners Group LLC now owns 5,226 shares of the aerospace company’s stock valued at $1,377,000 after purchasing an additional 1,554 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of General Dynamics by 6.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 6,163 shares of the aerospace company’s stock worth $1,624,000 after buying an additional 388 shares in the last quarter. Brighton Jones LLC raised its stake in shares of General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after acquiring an additional 417 shares during the last quarter. Secure Asset Management LLC boosted its holdings in shares of General Dynamics by 13.1% in the 4th quarter. Secure Asset Management LLC now owns 6,116 shares of the aerospace company’s stock worth $1,612,000 after acquiring an additional 710 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC bought a new stake in General Dynamics during the 4th quarter worth approximately $217,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 price objective (down previously from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. Robert W. Baird reiterated a “neutral” rating and set a $283.00 price target (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Royal Bank of Canada lowered shares of General Dynamics from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $330.00 to $290.00 in a report on Thursday, December 19th. Sanford C. Bernstein dropped their target price on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Finally, Susquehanna decreased their price target on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $304.88.

Insider Activity at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 20,296 shares in the company, valued at $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.52% of the stock is owned by insiders.

General Dynamics Stock Down 0.3 %

General Dynamics stock opened at $268.07 on Friday. The company’s 50 day simple moving average is $270.19 and its 200 day simple moving average is $287.88. The firm has a market capitalization of $73.71 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.43 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $251.62 and a fifty-two week high of $316.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same period in the previous year, the business posted $3.04 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Dynamics Co. will post 13.66 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

General Dynamics declared that its board has authorized a share repurchase program on Wednesday, December 4th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is 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.