General Dynamics Co. (NYSE:GD) Shares Sold by Sippican Capital Advisors

Sippican Capital Advisors trimmed its holdings in shares of General Dynamics Co. (NYSE:GD) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,737 shares of the aerospace company’s stock after selling 45 shares during the quarter. Sippican Capital Advisors’ holdings in General Dynamics were worth $721,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning increased its position in shares of General Dynamics by 4.6% during the second quarter. Creative Planning now owns 45,042 shares of the aerospace company’s stock worth $13,068,000 after purchasing an additional 1,988 shares in the last quarter. Quarry LP grew its holdings in shares of General Dynamics by 85.0% during the second quarter. Quarry LP now owns 283 shares of the aerospace company’s stock worth $82,000 after buying an additional 130 shares in the last quarter. 3Chopt Investment Partners LLC acquired a new stake in shares of General Dynamics in the second quarter valued at about $314,000. Founders Financial Alliance LLC purchased a new position in shares of General Dynamics in the second quarter worth about $222,000. Finally, Teachers Retirement System of The State of Kentucky boosted its position in General Dynamics by 11.6% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 55,551 shares of the aerospace company’s stock worth $16,118,000 after acquiring an additional 5,786 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a research note on Tuesday. Citigroup lifted their price objective on General Dynamics from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Wolfe Research cut General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. Barclays reduced their price target on General Dynamics from $330.00 to $305.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $303.71.

General Dynamics Stock Down 4.2 %

GD opened at $251.52 on Thursday. The stock has a market capitalization of $69.16 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.43 and a beta of 0.61. General Dynamics Co. has a 12 month low of $247.01 and a 12 month high of $316.90. The business has a 50 day simple moving average of $268.57 and a 200-day simple moving average of $287.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. On average, equities analysts anticipate that General Dynamics Co. will post 13.66 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company 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 $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio is currently 43.26%.

General Dynamics announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 4th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the sale, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.52% of the company’s stock.

General Dynamics 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.