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

McGlone Suttner Wealth Management Inc. trimmed its holdings in shares of General Dynamics Co. (NYSE:GD) by 8.3% in the fourth quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GD. Coston McIsaac & Partners grew its position in shares of General Dynamics by 22.8% in the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 33 shares during the period. Global X Japan Co. Ltd. lifted its stake in General Dynamics by 2.3% in the 3rd quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock valued at $448,000 after purchasing an additional 33 shares during the last quarter. Grove Bank & Trust grew its holdings in General Dynamics by 10.6% during the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock worth $107,000 after purchasing an additional 34 shares during the period. Trueblood Wealth Management LLC increased its position in General Dynamics by 1.6% during the third quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock worth $672,000 after buying an additional 34 shares during the last quarter. Finally, Jeppson Wealth Management LLC raised its stake in General Dynamics by 3.8% in the third quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock valued at $289,000 after buying an additional 35 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

GD has been the topic of a number of recent analyst reports. Citigroup boosted their target price on General Dynamics from $354.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Wolfe Research cut shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. Vertical Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating and decreased their price target for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Finally, Royal Bank of Canada cut General Dynamics from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $330.00 to $290.00 in a report on Thursday, December 19th. One 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 issued a strong buy rating to the stock. According to data from MarketBeat, General Dynamics has an average rating of “Hold” and an average target price of $304.88.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.52% of the company’s stock.

General Dynamics Stock Down 0.3 %

Shares of NYSE GD opened at $268.07 on Friday. The firm has a market cap of $73.71 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.43 and a beta of 0.61. General Dynamics Co. has a 1 year low of $251.62 and a 1 year high of $316.90. The company has a 50 day simple moving average of $270.19 and a 200 day simple moving average of $287.88. 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 earnings results 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 business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.04 earnings per share. On average, research analysts forecast that General Dynamics Co. will post 13.66 EPS for the current year.

General Dynamics Announces Dividend

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

General Dynamics announced that its board has initiated a stock buyback program on Wednesday, December 4th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.