General Dynamics Co. (NYSE:GD) Position Increased by Axecap Investments LLC

Axecap Investments LLC raised its holdings in shares of General Dynamics Co. (NYSE:GD) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,853 shares of the aerospace company’s stock after purchasing an additional 1,028 shares during the period. General Dynamics comprises about 2.4% of Axecap Investments LLC’s portfolio, making the stock its 19th largest holding. Axecap Investments LLC’s holdings in General Dynamics were worth $3,123,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GD. MFA Wealth Advisors LLC boosted its holdings in shares of General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares during the period. Financial Life Planners acquired a new position in shares of General Dynamics during the fourth quarter valued at $25,000. Hara Capital LLC acquired a new position in shares of General Dynamics during the third quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Dynamics during the fourth quarter valued at $28,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of General Dynamics during the fourth quarter valued at $28,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a report on Tuesday, January 28th. Barclays reduced their price objective on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. TD Cowen reduced their price objective on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Robert W. Baird reaffirmed 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. Finally, UBS Group dropped their price target on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $298.59.

General Dynamics Price Performance

Shares of GD opened at $256.17 on Tuesday. The company has a market capitalization of $70.44 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 1.61 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $247.01 and a fifty-two week high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The business’s 50-day moving average is $264.47 and its 200-day moving average is $285.57.

General Dynamics (NYSE:GD) last issued its 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 net margin of 7.93% and a return on equity of 17.10%. Equities research analysts expect that General Dynamics Co. will post 14.84 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 41.64%.

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

Insider Transactions at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the company’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 transaction of $459,201.28. Following the completion of the sale, the director now owns 11,175 shares of the company’s stock, valued at $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the sale, the vice president now directly owns 20,296 shares of the company’s stock, valued at $5,701,349.36. The trade was a 21.44 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

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.