Lindbrook Capital LLC Has $310,000 Stake in General Dynamics Co. (NYSE:GD)

Lindbrook Capital LLC grew its stake in shares of General Dynamics Co. (NYSE:GD) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,178 shares of the aerospace company’s stock after buying an additional 44 shares during the period. Lindbrook Capital LLC’s holdings in General Dynamics were worth $310,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GD. Robeco Institutional Asset Management B.V. lifted its holdings in shares of General Dynamics by 16.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 45,476 shares of the aerospace company’s stock valued at $13,743,000 after acquiring an additional 6,352 shares during the period. United Advisor Group LLC acquired a new stake in shares of General Dynamics during the 3rd quarter worth about $239,000. Catalina Capital Group LLC lifted its holdings in General Dynamics by 4.8% during the 3rd quarter. Catalina Capital Group LLC now owns 1,042 shares of the aerospace company’s stock valued at $315,000 after purchasing an additional 48 shares during the last quarter. Harvest Portfolios Group Inc. boosted its position in General Dynamics by 18.5% in the third quarter. Harvest Portfolios Group Inc. now owns 3,592 shares of the aerospace company’s stock valued at $1,086,000 after buying an additional 560 shares in the last quarter. Finally, Maia Wealth LLC bought a new stake in General Dynamics during the third quarter worth about $231,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

GD stock opened at $264.66 on Friday. The company has a market capitalization of $71.55 billion, a P/E ratio of 19.40, a PEG ratio of 1.69 and a beta of 0.59. General Dynamics Co. has a 52-week low of $239.87 and a 52-week high of $316.90. The company has a fifty day moving average price of $257.69 and a 200-day moving average price of $280.16. 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 (NYSE:GD) last issued its quarterly earnings results 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 net margin of 7.93% and a return on equity of 17.10%. As a group, equities analysts expect that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics declared that its board has initiated a share buyback plan on Wednesday, December 4th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Friday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio (DPR) is currently 41.64%.

Insider Buying and Selling at General Dynamics

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 stock was 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 of the company’s stock, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their target price on General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a report on Tuesday, January 28th. Baird R W lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Susquehanna lowered their target price on General Dynamics from $315.00 to $300.00 and set a “positive” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company reduced their price target on shares of General Dynamics from $276.00 to $244.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Finally, TD Cowen decreased their price objective on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $296.71.

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.