Capital Advisory Group Advisory Services LLC Increases Stake in General Dynamics Co. (NYSE:GD)

Capital Advisory Group Advisory Services LLC boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,191 shares of the aerospace company’s stock after acquiring an additional 293 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in General Dynamics were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in GD. MFA Wealth Advisors LLC raised its position 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 worth $25,000 after acquiring an additional 58 shares in the last quarter. Financial Life Planners purchased a new position in General Dynamics in the fourth quarter valued at about $25,000. Hara Capital LLC purchased a new stake in shares of General Dynamics during the third quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Dynamics in the 4th quarter valued at about $28,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of General Dynamics in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other news, Director Laura J. Schumacher sold 1,796 shares of the company’s stock in a transaction that occurred 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 approximately $2,857,224. This represents a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GD. Barclays reduced their price target on General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada reduced their target price on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 30th. Citigroup lowered their price target on General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a report on Monday, February 10th. The Goldman Sachs Group decreased their price objective on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research report on Tuesday, January 28th. Finally, Susquehanna dropped their target price on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Hold” and a consensus target price of $298.59.

General Dynamics Trading Up 0.8 %

Shares of GD stock opened at $246.25 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. General Dynamics Co. has a twelve month low of $239.87 and a twelve month high of $316.90. The company’s 50-day moving average price is $260.08 and its 200-day moving average price is $282.84. The stock has a market cap of $66.57 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.68 and a beta of 0.61.

General Dynamics (NYSE:GD) last announced 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%. As a group, equities analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics declared that its board has approved a share repurchase program on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

General Dynamics Dividend Announcement

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

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.