Tlwm Invests $1.04 Million in General Dynamics Co. (NYSE:GD)

Tlwm purchased a new position in General Dynamics Co. (NYSE:GD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,956 shares of the aerospace company’s stock, valued at approximately $1,042,000.

Several other institutional investors also recently added to or reduced their stakes in GD. Exeter Financial LLC lifted its holdings in shares of General Dynamics by 1.7% in the 4th quarter. Exeter Financial LLC now owns 17,506 shares of the aerospace company’s stock worth $4,613,000 after buying an additional 293 shares during the period. Unique Wealth LLC bought a new stake in shares of General Dynamics in the fourth quarter valued at about $215,000. First Financial Corp IN lifted its stake in General Dynamics by 33.7% in the fourth quarter. First Financial Corp IN now owns 1,146 shares of the aerospace company’s stock worth $302,000 after acquiring an additional 289 shares during the period. Benson Investment Management Company Inc. increased its position in General Dynamics by 3.1% during the 4th quarter. Benson Investment Management Company Inc. now owns 17,085 shares of the aerospace company’s stock valued at $4,502,000 after purchasing an additional 513 shares during the period. Finally, PFW Advisors LLC bought a new stake in shares of General Dynamics in the 4th quarter valued at about $1,037,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of General Dynamics from $295.00 to $279.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group downgraded General Dynamics from a “neutral” rating to a “sell” rating and cut their price target for the company from $283.00 to $245.00 in a report on Thursday, December 12th. Jefferies Financial Group restated a “hold” rating and set a $300.00 price objective (down from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Seaport Res Ptn downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $304.53.

General Dynamics Trading Up 1.7 %

General Dynamics stock opened at $263.73 on Tuesday. General Dynamics Co. has a 52 week low of $247.36 and a 52 week high of $316.90. The stock has a 50-day moving average price of $275.94 and a 200 day moving average price of $288.79. 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 company has a market capitalization of $72.52 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.62 and a beta of 0.61.

General Dynamics (NYSE:GD) last released 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). The business had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $3.04 earnings per share. Sell-side analysts anticipate that General Dynamics Co. will post 13.84 EPS for the current year.

General Dynamics Announces Dividend

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 issued a $1.42 dividend. The ex-dividend date is Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.15%. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

General Dynamics declared that its Board of Directors has initiated a share 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 buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the company’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 completion of the transaction, 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 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 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.