Schnieders Capital Management LLC Raises Position in General Dynamics Co. (NYSE:GD)

Schnieders Capital Management LLC increased its stake in shares of General Dynamics Co. (NYSE:GD) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,042 shares of the aerospace company’s stock after buying an additional 50 shares during the period. Schnieders Capital Management LLC’s holdings in General Dynamics were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GD. Pallas Capital Advisors LLC purchased a new stake in General Dynamics during the third quarter worth about $355,000. abrdn plc raised its position in General Dynamics by 67.1% during the third quarter. abrdn plc now owns 32,456 shares of the aerospace company’s stock worth $9,737,000 after acquiring an additional 13,032 shares during the last quarter. Fortitude Family Office LLC raised its position in General Dynamics by 26.0% during the third quarter. Fortitude Family Office LLC now owns 310 shares of the aerospace company’s stock worth $94,000 after acquiring an additional 64 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its position in General Dynamics by 5.8% during the third quarter. Nicholas Hoffman & Company LLC. now owns 6,064 shares of the aerospace company’s stock worth $1,833,000 after acquiring an additional 332 shares during the last quarter. Finally, Highview Capital Management LLC DE raised its position in General Dynamics by 4.4% during the third quarter. Highview Capital Management LLC DE now owns 5,069 shares of the aerospace company’s stock worth $1,532,000 after acquiring an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock opened at $248.92 on Thursday. General Dynamics Co. has a one year low of $239.87 and a one year high of $316.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The company has a 50 day moving average price of $258.71 and a 200 day moving average price of $281.65. The firm has a market capitalization of $67.30 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.69 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS 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%. Sell-side analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current year.

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

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is 41.64%.

Insider Buying and Selling

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business’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 transaction of $459,201.28. Following the completion of the sale, the director now directly owns 11,175 shares in the company, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GD has been the subject of a number of research reports. Barclays cut their target price on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Vertical Research cut shares of General Dynamics from a “buy” rating to a “hold” rating and cut their target price for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. cut their target price on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Susquehanna cut their target price on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating for the company in a research report on Thursday, January 30th. Finally, William Blair lowered shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Hold” and an average price target of $296.71.

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.