UMB Bank n.a. Has $2.26 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

UMB Bank n.a. reduced its position in shares of General Dynamics Co. (NYSE:GD) by 76.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,588 shares of the aerospace company’s stock after selling 28,050 shares during the period. UMB Bank n.a.’s holdings in General Dynamics were worth $2,263,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Willner & Heller LLC raised its position in shares of General Dynamics by 5.5% during the fourth quarter. Willner & Heller LLC now owns 2,017 shares of the aerospace company’s stock worth $531,000 after purchasing an additional 106 shares during the period. Trueblood Wealth Management LLC raised its holdings in General Dynamics by 5.8% during the fourth quarter. Trueblood Wealth Management LLC now owns 2,351 shares of the aerospace company’s stock worth $619,000 after buying an additional 128 shares during the last quarter. Mechanics Bank Trust Department lifted its stake in shares of General Dynamics by 11.3% in the fourth quarter. Mechanics Bank Trust Department now owns 781 shares of the aerospace company’s stock valued at $206,000 after buying an additional 79 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in shares of General Dynamics by 9.8% during the fourth quarter. Diversify Wealth Management LLC now owns 9,114 shares of the aerospace company’s stock valued at $2,364,000 after buying an additional 817 shares during the last quarter. Finally, Grove Bank & Trust increased its position in shares of General Dynamics by 44.4% during the fourth quarter. Grove Bank & Trust now owns 511 shares of the aerospace company’s stock worth $135,000 after acquiring an additional 157 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the transaction, the vice president now owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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

GD has been the subject of a number of analyst reports. Susquehanna cut their price target on General Dynamics from $330.00 to $315.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut their target price on General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Baird R W lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Wolfe Research downgraded shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada downgraded shares of General Dynamics from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $330.00 to $290.00 in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $304.53.

General Dynamics Price Performance

Shares of NYSE:GD opened at $266.86 on Tuesday. The company has a 50-day moving average price of $272.86 and a two-hundred day moving average price of $288.21. General Dynamics Co. has a twelve month low of $247.36 and a twelve month high of $316.90. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $73.38 billion, a PE ratio of 20.32, a P/E/G ratio of 1.38 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The business had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.04 EPS. Equities analysts forecast that General Dynamics Co. will post 13.81 EPS for the current year.

General Dynamics declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 4th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio is presently 43.26%.

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.