Foundations Investment Advisors LLC Acquires 220 Shares of General Dynamics Co. (NYSE:GD)

Foundations Investment Advisors LLC increased its position in shares of General Dynamics Co. (NYSE:GD) by 10.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,388 shares of the aerospace company’s stock after acquiring an additional 220 shares during the period. Foundations Investment Advisors LLC’s holdings in General Dynamics were worth $629,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Heirloom Wealth Management boosted its position in General Dynamics by 7.7% during the fourth quarter. Heirloom Wealth Management now owns 19,290 shares of the aerospace company’s stock valued at $5,083,000 after acquiring an additional 1,384 shares during the last quarter. Hunter Perkins Capital Management LLC grew its stake in General Dynamics by 106.5% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 26,012 shares of the aerospace company’s stock worth $6,854,000 after purchasing an additional 13,414 shares during the period. United Asset Strategies Inc. lifted its stake in General Dynamics by 3.0% in the fourth quarter. United Asset Strategies Inc. now owns 3,103 shares of the aerospace company’s stock valued at $818,000 after buying an additional 90 shares during the period. Apexium Financial LP boosted its holdings in shares of General Dynamics by 1.7% during the 4th quarter. Apexium Financial LP now owns 3,200 shares of the aerospace company’s stock worth $843,000 after buying an additional 55 shares in the last quarter. Finally, Capital Asset Advisory Services LLC grew its position in shares of General Dynamics by 2.6% during the 4th quarter. Capital Asset Advisory Services LLC now owns 2,765 shares of the aerospace company’s stock worth $728,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Up 2.2 %

GD opened at $256.93 on Friday. General Dynamics Co. has a 1-year low of $247.01 and a 1-year high of $316.90. The firm’s 50 day simple moving average is $268.00 and its two-hundred day simple moving average is $287.23. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $70.65 billion, a PE ratio of 19.57, a PEG ratio of 1.43 and a beta of 0.61.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. As a group, equities analysts forecast that General Dynamics Co. will post 13.66 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio is currently 43.26%.

General Dynamics announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

GD has been the topic of several research reports. TD Cowen dropped their price objective on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday. Jefferies Financial Group restated a “hold” rating and set a $300.00 price objective (down previously from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. Wolfe Research cut General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. Robert W. Baird restated a “neutral” rating and set a $283.00 price target (down previously from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. Finally, Susquehanna dropped their price objective on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $301.24.

Insider Activity at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the transaction, the vice president now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. 1.52% of the stock is owned by corporate insiders.

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.