Denver PWM LLC Purchases New Stake in General Dynamics Co. (NYSE:GD)

Denver PWM LLC purchased a new stake in shares of General Dynamics Co. (NYSE:GD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 208 shares of the aerospace company’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in General Dynamics in the 4th quarter worth $25,000. Hara Capital LLC bought a new position in General Dynamics in the 3rd quarter worth $26,000. Sugar Maple Asset Management LLC bought a new position in General Dynamics in the 4th quarter worth $28,000. Heck Capital Advisors LLC bought a new position in General Dynamics in the 4th quarter worth $28,000. Finally, Financial Perspectives Inc raised its holdings in General Dynamics by 195.0% in the 4th quarter. Financial Perspectives Inc now owns 118 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 78 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Transactions at General Dynamics

In other news, Director Laura J. Schumacher sold 1,796 shares of the 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 owns 11,175 shares in the company, valued at $2,857,224. This represents a 13.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on GD shares. BTIG Research lowered shares of General Dynamics from a “buy” rating to a “neutral” rating in a report on Thursday, February 13th. 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 report on Tuesday, January 28th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $300.00 target price (down from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. Wells Fargo & Company reduced their target price on shares of General Dynamics from $279.00 to $276.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Finally, Wolfe Research downgraded shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $298.59.

General Dynamics Stock Performance

Shares of NYSE GD opened at $243.02 on Friday. The firm’s 50-day moving average price is $259.68 and its 200-day moving average price is $282.53. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The company has a market cap of $65.70 billion, a PE ratio of 17.82, a PEG ratio of 1.69 and a beta of 0.61. General Dynamics Co. has a 52-week low of $239.87 and a 52-week high of $316.90.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing the consensus estimate 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, analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics announced 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 reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

General Dynamics Dividend Announcement

The firm also recently disclosed 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 2.34%. The ex-dividend date was Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 41.64%.

About General Dynamics

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.