Guided Capital Wealth Management LLC Invests $890,000 in General Dynamics Co. (NYSE:GD)

Guided Capital Wealth Management LLC purchased a new position in shares of General Dynamics Co. (NYSE:GD) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 3,377 shares of the aerospace company’s stock, valued at approximately $890,000. General Dynamics comprises about 0.8% of Guided Capital Wealth Management LLC’s portfolio, making the stock its 21st biggest position.

Several other institutional investors and hedge funds have also modified their holdings of GD. Grove Bank & Trust boosted its stake in shares of General Dynamics by 10.6% during the 3rd quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock worth $107,000 after acquiring an additional 34 shares during the last quarter. Creative Planning lifted its stake in shares of General Dynamics by 4.2% during the 3rd quarter. Creative Planning now owns 46,948 shares of the aerospace company’s stock valued at $14,188,000 after buying an additional 1,906 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of General Dynamics by 0.5% during the 3rd quarter. NBC Securities Inc. now owns 8,692 shares of the aerospace company’s stock valued at $2,626,000 after buying an additional 47 shares in the last quarter. Norway Savings Bank lifted its stake in shares of General Dynamics by 7.2% during the 3rd quarter. Norway Savings Bank now owns 3,809 shares of the aerospace company’s stock valued at $1,151,000 after buying an additional 256 shares in the last quarter. Finally, SWS Partners lifted its stake in shares of General Dynamics by 39,352.6% during the 3rd quarter. SWS Partners now owns 7,496 shares of the aerospace company’s stock valued at $2,265,000 after buying an additional 7,477 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Wolfe Research cut shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. Barclays lowered their target price on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Vertical Research cut shares of General Dynamics from a “buy” rating to a “hold” rating and lowered their target price for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 price target (down previously from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, General Dynamics presently has a consensus rating of “Hold” and an average price target of $298.59.

General Dynamics Stock Performance

General Dynamics stock opened at $256.92 on Wednesday. The company’s 50-day moving average price is $264.07 and its 200-day moving average price is $285.32. General Dynamics Co. has a twelve month low of $247.01 and a twelve month 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 company has a market cap of $70.65 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.61 and a beta of 0.61.

General Dynamics (NYSE:GD) last posted 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 return on equity of 17.10% and a net margin of 7.93%. On average, equities research analysts forecast that General Dynamics Co. will post 14.84 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were issued a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.21%. General Dynamics’s payout ratio is 41.64%.

General Dynamics announced that its board has initiated a stock repurchase plan on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the transaction, the director now owns 11,175 shares in the company, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

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.