Schulhoff & Co. Inc. Boosts Stock Position in General Dynamics Co. (NYSE:GD)

Schulhoff & Co. Inc. lifted its stake in General Dynamics Co. (NYSE:GD) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,538 shares of the aerospace company’s stock after buying an additional 67 shares during the quarter. General Dynamics makes up about 1.3% of Schulhoff & Co. Inc.’s investment portfolio, making the stock its 18th largest position. Schulhoff & Co. Inc.’s holdings in General Dynamics were worth $3,040,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of General Dynamics in the 4th quarter valued at approximately $25,000. Hara Capital LLC bought a new position in General Dynamics in the third quarter worth about $26,000. Whipplewood Advisors LLC acquired a new stake in shares of General Dynamics in the 4th quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new position in General Dynamics during the 4th quarter valued at approximately $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of General Dynamics during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the subject of several recent analyst reports. Barclays cut their price target on General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Robert W. Baird reissued a “neutral” rating and issued a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. Citigroup cut their price target on General Dynamics from $360.00 to $335.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Jefferies Financial Group reissued a “hold” rating and issued a $300.00 price objective (down from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $296.71.

General Dynamics Stock Up 0.9 %

GD opened at $251.53 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $68.00 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.69 and a beta of 0.61. The business has a 50 day moving average of $258.53 and a 200-day moving average of $281.44. General Dynamics Co. has a 1-year low of $239.87 and a 1-year high of $316.90.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. As a group, sell-side analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, January 17th. General Dynamics’s dividend payout ratio is currently 41.64%.

General Dynamics declared that its Board of Directors has approved a stock buyback program on Wednesday, December 4th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity at General Dynamics

In other news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the transaction, the director now directly owns 11,175 shares of the company’s stock, valued at $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

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.