General Dynamics Co. (NYSE:GD) Shares Bought by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC raised its position in General Dynamics Co. (NYSE:GD) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,319 shares of the aerospace company’s stock after purchasing an additional 492 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in General Dynamics were worth $1,138,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GD. Financial Life Planners acquired a new position in shares of General Dynamics in the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC purchased a new stake in General Dynamics during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in General Dynamics during the 4th quarter worth approximately $26,000. Heck Capital Advisors LLC purchased a new stake in General Dynamics during the 4th quarter worth approximately $28,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in General Dynamics during the 4th quarter worth approximately $28,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Up 2.7 %

Shares of NYSE:GD opened at $271.82 on Monday. The stock has a market cap of $73.49 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.69 and a beta of 0.59. The firm has a fifty day moving average price of $257.80 and a 200 day moving average price of $279.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. General Dynamics Co. has a 1-year low of $239.87 and a 1-year high of $316.90.

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 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%. Sell-side analysts predict that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio (DPR) is 43.99%.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GD. Robert W. Baird reaffirmed a “neutral” rating and set a $283.00 target price (down from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. Susquehanna cut 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 note on Thursday, January 30th. Wolfe Research downgraded shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. William Blair downgraded shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $300.00 price objective (down from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, General Dynamics currently has an average rating of “Hold” and an average price target of $297.71.

Insider Transactions at General Dynamics

In other news, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.52% of the company’s stock.

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.