SRS Capital Advisors Inc. Has $43,000 Position in General Dynamics Co. (NYSE:GD)

SRS Capital Advisors Inc. lifted its stake in shares of General Dynamics Co. (NYSE:GD) by 35.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 163 shares of the aerospace company’s stock after acquiring an additional 43 shares during the period. SRS Capital Advisors Inc.’s holdings in General Dynamics were worth $43,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GD. Hara Capital LLC bought a new stake in General Dynamics during the 3rd quarter valued at $26,000. Financial Life Planners bought a new stake in General Dynamics during the 4th quarter valued at $25,000. Whipplewood Advisors LLC bought a new stake in General Dynamics during the 4th quarter valued at $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in General Dynamics during the 4th quarter valued at $26,000. Finally, Heck Capital Advisors LLC bought a new stake in General Dynamics during the 4th quarter valued at $28,000. Institutional investors and hedge funds 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 stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now directly owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GD. BTIG Research lowered shares of General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced 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 note on Thursday, January 30th. UBS Group reduced their target price on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Susquehanna reduced 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 note on Thursday, January 30th. Finally, Citigroup reduced their target price on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, February 10th. One 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $297.71.

General Dynamics Price Performance

NYSE GD opened at $271.82 on Friday. The company has a market cap of $73.49 billion, a PE ratio of 19.93, a price-to-earnings-growth 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 quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The firm’s 50-day simple moving average is $257.80 and its two-hundred day simple moving average is $279.99.

General Dynamics (NYSE:GD) last released its quarterly earnings data 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 net margin of 7.93% and a return on equity of 17.10%. Research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 4th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.21%. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, April 11th. General Dynamics’s dividend payout ratio 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.