General Dynamics Co. (NYSE:GD) Shares Purchased by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC raised its holdings in General Dynamics Co. (NYSE:GD) by 100.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,600 shares of the aerospace company’s stock after acquiring an additional 800 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in General Dynamics were worth $422,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. MFA Wealth Advisors LLC boosted its holdings in General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after buying an additional 58 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of General Dynamics during the 3rd quarter valued at approximately $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of General Dynamics during the 4th quarter worth approximately $28,000. Lowe Wealth Advisors LLC purchased a new position in General Dynamics in the 3rd quarter valued at approximately $30,000. Finally, True Wealth Design LLC acquired a new stake in General Dynamics in the third quarter valued at $34,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $266.22 on Friday. The business’s fifty day moving average price is $269.27 and its 200 day moving average price is $287.64. The stock has a market capitalization of $73.20 billion, a P/E ratio of 20.28, a PEG ratio of 1.43 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 Co. has a twelve month low of $257.26 and a twelve month high of $316.90.

General Dynamics (NYSE:GD) last issued its earnings results 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 net margin of 7.90% and a return on equity of 16.59%. The business had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same period in the prior year, the business posted $3.04 EPS. The business’s revenue was up 10.4% on a year-over-year basis. As a group, research analysts anticipate that General Dynamics Co. will post 13.66 earnings per share for the current year.

General Dynamics announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio is presently 43.26%.

Insider Activity at General Dynamics

In related 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 value of $1,556,241.40. Following the sale, the vice president now directly owns 20,296 shares of the company’s stock, valued at $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 SEC, which is accessible through this link. Company insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the topic of several recent research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 price objective (down from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. Wells Fargo & Company lowered their price target on shares of General Dynamics from $295.00 to $279.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird restated a “neutral” rating and set a $283.00 price objective (down from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft dropped their price target on General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Finally, Susquehanna reduced their price objective on General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $304.88.

About General Dynamics

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.