967 Shares in General Dynamics Co. (NYSE:GD) Acquired by BFI Infinity Ltd.

BFI Infinity Ltd. acquired a new position in shares of General Dynamics Co. (NYSE:GD) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 967 shares of the aerospace company’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. increased its position in shares of General Dynamics by 2.3% during the third quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock worth $448,000 after buying an additional 33 shares during the period. Coston McIsaac & Partners lifted its position in General Dynamics by 22.8% in the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 33 shares in the last quarter. Grove Bank & Trust grew its holdings in General Dynamics by 10.6% during the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock worth $107,000 after buying an additional 34 shares in the last quarter. Trueblood Wealth Management LLC raised its holdings in shares of General Dynamics by 1.6% in the third quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock valued at $672,000 after purchasing an additional 34 shares during the last quarter. Finally, Jeppson Wealth Management LLC grew its holdings in shares of General Dynamics by 3.8% in the third quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock valued at $289,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

GD has been the subject of several research reports. Robert W. Baird reissued a “neutral” rating and set a $283.00 price objective (down from $345.00) on shares of General Dynamics in a report on Tuesday. Royal Bank of Canada lowered shares of General Dynamics from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $330.00 to $290.00 in a research report on Thursday, December 19th. Wolfe Research cut shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their target price on General Dynamics from $295.00 to $279.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays cut their price objective on General Dynamics from $330.00 to $305.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $304.53.

General Dynamics Stock Performance

General Dynamics stock opened at $266.49 on Thursday. The stock has a market cap of $73.28 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. General Dynamics Co. has a 1-year low of $247.36 and a 1-year high of $316.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $275.30 and a 200-day simple moving average of $288.61.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The firm had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $3.04 EPS. On average, analysts expect that General Dynamics Co. will post 13.81 EPS for the current 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 paid 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 (DPR) is presently 43.26%.

General Dynamics declared that its board has approved a stock repurchase program on Wednesday, December 4th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction that occurred on 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 sale, the vice president now directly owns 20,296 shares in the company, valued at $5,701,349.36. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company 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.