General Dynamics Co. (NYSE:GD) Shares Sold by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. decreased its position in shares of General Dynamics Co. (NYSE:GD) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,428 shares of the aerospace company’s stock after selling 1,420 shares during the quarter. Bright Futures Wealth Management LLC.’s holdings in General Dynamics were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. MFA Wealth Advisors LLC lifted its stake in shares of General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the last quarter. Hara Capital LLC acquired a new position in General Dynamics in the third quarter valued at about $26,000. Financial Life Planners acquired a new position in General Dynamics in the fourth quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new position in General Dynamics in the fourth quarter valued at about $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in General Dynamics in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

In related 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 value of $459,201.28. Following the transaction, the director now directly owns 11,175 shares in the company, valued at $2,857,224. This trade represents a 13.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on GD. Royal Bank of Canada decreased their price objective on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. Susquehanna reduced their target price on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a report on Thursday, January 30th. The Goldman Sachs Group reduced their target price on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a report on Tuesday, January 28th. Vertical Research cut General Dynamics from a “buy” rating to a “hold” rating and reduced their price objective for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Finally, Sanford C. Bernstein reduced their price objective on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $298.59.

General Dynamics Stock Performance

Shares of GD stock opened at $246.14 on Friday. The stock’s 50-day moving average is $263.13 and its two-hundred day moving average is $284.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a 1 year low of $242.86 and a 1 year high of $316.90. The firm has a market cap of $67.68 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.61 and a beta of 0.61.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (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%. Analysts predict that General Dynamics Co. will post 14.84 earnings per share for the current year.

General Dynamics announced that its board has approved a stock repurchase plan on Wednesday, December 4th that allows the company to repurchase 10,000,000 shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Friday, January 17th. General Dynamics’s dividend payout ratio is currently 41.64%.

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.