Toth Financial Advisory Corp Has $5.97 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

Toth Financial Advisory Corp grew its holdings in General Dynamics Co. (NYSE:GD) by 1.3% in the fourth quarter, HoldingsChannel reports. The fund owned 22,658 shares of the aerospace company’s stock after buying an additional 299 shares during the period. Toth Financial Advisory Corp’s holdings in General Dynamics were worth $5,970,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. MFA Wealth Advisors LLC boosted its holdings in General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the period. Hara Capital LLC acquired a new stake in shares of General Dynamics in the third quarter valued at approximately $26,000. Lowe Wealth Advisors LLC bought a new stake in shares of General Dynamics in the third quarter valued at approximately $30,000. Sugar Maple Asset Management LLC acquired a new stake in General Dynamics during the fourth quarter worth approximately $28,000. Finally, True Wealth Design LLC bought a new position in General Dynamics during the 3rd quarter worth $34,000. 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 company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of recent analyst reports. Baird R W cut General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group lowered shares of General Dynamics from a “neutral” rating to a “sell” rating and decreased their target price for the company from $283.00 to $245.00 in a report on Thursday, December 12th. Vertical Research downgraded shares of General Dynamics from a “buy” rating to a “hold” rating and cut their price target for the stock from $352.00 to $290.00 in a report on Monday, January 6th. Sanford C. Bernstein decreased their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Finally, Wolfe Research downgraded General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $304.88.

General Dynamics Trading Down 0.9 %

Shares of NYSE GD opened at $266.22 on Friday. The firm has a 50 day moving average price of $269.27 and a two-hundred day moving average price of $287.64. The stock has a market cap of $73.20 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.43 and a beta of 0.61. General Dynamics Co. has a 52-week low of $257.26 and a 52-week high of $316.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32.

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

General Dynamics announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 4th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.13%. General Dynamics’s dividend payout ratio (DPR) is 43.26%.

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.